other material
confidence high
sentiment neutral
materiality 0.60
Lordstown voids charter amendment to increase authorized shares; special meeting set for Aug 17
NU RIDE INC.
- Board voided Charter Amendment increasing authorized shares from 300M to 450M due to proxy disclosure error.
- Filed Certificate of Correction with Delaware Secretary of State, keeping authorized shares at 300M.
- Special meeting called for August 17, 2022 to re-vote; brokers expected to have discretionary authority.
- As of May 27, 2022, 203.47M shares of Class A common stock outstanding and 17.75M reserved.
- Proxy statement erroneously said brokers could not vote on Proposal 4; now corrected.