Embattled electrical automotive start-up Lordstown Motors has confirmed the Justice Division is investigating its enterprise, along with the SPAC deal that launched the company public remaining yr and its reporting of automotive preorders.

The affirmation comes per week after the federal inquiry was first reported by The Wall Street Journal and confirmed to CNBC by a person with data of the investigation. It follows a probe by the Securities and Commerce Charge into the company and public suggestions made by executives, along with its former chairman and CEO Steve Burns.

Lordstown Motors said in a submitting Thursday that it has “acquired two subpoenas from the SEC for the manufacturing of paperwork and data, along with concerning the Merger between DiamondPeak and Legacy Lordstown and pre-orders of autos, and now we have now been educated by the U.S. Authorized skilled’s Office for the Southern District of New York that it is investigating these points.”

The company said it has “cooperated, and may proceed to cooperate, with these and another regulatory or governmental investigations and inquiries.”

Burns and his CFO exited the SPAC-backed company following an inside investigation that found “factors in regards to the accuracy of certain statements” spherical Lordstown’s preorders, significantly the seriousness of the orders and who was making them.

In Might, temporary vendor Hindenburg Evaluation claimed the company misled consumers, along with using “fake” orders to spice up capital for its Endurance electrical pickup. The temporary vendor moreover said the pickup was years away from manufacturing. Lordstown has maintained it’s on observe to start out out making the automotive in September.

Lordstown beforehand said the inside investigation found Hindenburg’s report “is, in very important respects, false and misleading.” 

Lordstown went public by a selected goal acquisition agency, or SPAC, in October. It is amongst a rising group {of electrical} automotive start-ups going public by presents with SPACs, which have develop to be a most popular technique of elevating money on Wall Street because of they’ve a further streamlined regulatory course of than typical preliminary public decisions.