---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-047437"
form_type: "8-K"
ticker: "NRDE"
cik: "0001759546"
company_name: "NU RIDE INC."
filed_at: "2023-04-20T23:59:59+00:00"
generated_at: "2026-06-16T22:38:32.588532+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Lordstown Motors receives Nasdaq bid price deficiency notice; faces delisting risk

## Summary
- Nasdaq notice on April 19, 2023: closing bid below $1.00 for 30 consecutive business days.
- Compliance period until October 16, 2023 to regain minimum $1.00 bid price for 10 days.
- Company filed reverse stock split proposal (1:3 to 1:15) for shareholder vote on May 22, 2023.
- Failure to regain compliance or obtain extension could lead to Nasdaq delisting.
- Delisting would materially impair capital-raising ability and financial condition.

## SEC filing metadata
- accession: 0001104659-23-047437
- form_type: 8-K
- ticker: NRDE
- cik: 0001759546
- company_name: NU RIDE INC.
- filed_at: 2023-04-20T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1759546/000110465923047437/0001104659-23-047437-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1759546/000110465923047437/tm2313298d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-047437
- JSON: https://secwatch.observer/filing/0001104659-23-047437.json
- Plain text: https://secwatch.observer/filing/0001104659-23-047437.txt

## Key facts
- Listing & Compliance Notices
  NU RIDE INC. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 5450(a)(1)
  source text: April 19, 2023, Lordstown Motors Corp. (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, because the closing bid price for the Company’s Class A common stock has fallen below $1.00 per share for 30 consecutive business days (March 7, 2023 through April 18, 2023), the Company was no longer in compliance with the $1.00 Minimum Bid Price requirement set forth in Nasdaq Listing Rule 5450(a)(1) for continued listing on The Nasdaq Global Select Market (the “Bid Price Requirement”). The Notice
  evidence_url: https://www.sec.gov/Archives/edgar/data/1759546/000110465923047437/0001104659-23-047437-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.