SHE COMPILED THE LIST OF PRE-ORDERS. LEGAL REMOVED HER CAVEAT FROM THE FILING. IT BECAME THE BASIS FOR A BILLION-DOLLAR VALUATION.

In a memo sent on June 14, 2021, the sales director explicitly defined the nature of pre-orders as non-binding and canceled without penalty. This crucial information was omitted from SEC filings, leading to Horizon Motors’ valuation of $5.2 billion based on overstated pre-order figures.