Delaware court validates Lordstown's 2020 share increase and all shares issued in reliance

NU RIDE INC.

Court of Chancery granted Section 205 petition, validating 200M share increase amendment and Certificate of Incorporation as of Oct 23, 2020.
Validation covers 115,120,243 shares of Class A common stock issued in connection with merger and other corporate actions.
Order issued Feb 21, 2023; hearing held Feb 20, 2023.
Resolves uncertainty regarding validity of shares, removing a potential legal risk.

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