---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-053745"
form_type: "8-K"
ticker: "NRDE"
cik: "0001759546"
company_name: "NU RIDE INC."
filed_at: "2023-05-01T23:59:59+00:00"
generated_at: "2026-06-16T05:12:27.991279+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Lordstown Motors disputes Foxconn's termination of investment deal; critical funding at risk

## Summary
- Foxconn sent notice April 21 claiming breach due to Nasdaq bid price non-compliance; Lordstown disputes validity.
- CFIUS clearance received April 25; subsequent common closing of ~$47.3M due by May 8 but Foxconn may not proceed.
- Additional $70M preferred stock funding contingent on EV milestones; parties failed to agree by May 7 deadline per company.
- Company evaluates legal alternatives; warns loss of Foxconn funding could force curtailment or bankruptcy.

## SEC filing metadata
- accession: 0001104659-23-053745
- form_type: 8-K
- ticker: NRDE
- cik: 0001759546
- company_name: NU RIDE INC.
- filed_at: 2023-05-01T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1759546/000110465923053745/0001104659-23-053745-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1759546/000110465923053745/tm2314209d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-053745
- JSON: https://secwatch.observer/filing/0001104659-23-053745.json
- Plain text: https://secwatch.observer/filing/0001104659-23-053745.txt

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