{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-063401","form_type":"8-K","ticker":"NRDE","cik":"0001759546","company_name":"NU RIDE INC.","filed_at":"2023-05-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.422562+00:00","generated_at":"2026-06-14T17:26:38.398875+00:00","sec_items":["3.03","5.03","5.02","5.07","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Lordstown Motors 1:15 reverse stock split effective May 24; Foxconn refuses $47.3M close, cash at $165M","bullets":["1:15 reverse stock split effective May 24, 2023; aims to regain Nasdaq $1.00 minimum bid price compliance.","Foxconn refused to close $47.3M stock purchase on May 8; company reserves rights and disputes Foxconn's position.","56 Endurance vehicles built to date, 18 delivered (12 since late April); production continues with software updates.","Cash, equivalents and short-term investments ~$165M as of April 30, down $11M from March 31.","Stockholders approved 8M share increase in 2020 Equity Incentive Plan and reverse split ratio between 1:3 and 1:15."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-063401","json":"https://secwatch.observer/filing/0001104659-23-063401.json","markdown":"https://secwatch.observer/filing/0001104659-23-063401.md","text":"https://secwatch.observer/filing/0001104659-23-063401.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1759546/000110465923063401/0001104659-23-063401-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1759546/000110465923063401/tm2316396d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T17:26:38.398875+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0d5346e6f8da2df1b10933d926ada03409eecd82","claim":"NU RIDE INC.: Amended charter to effect a 1:15 reverse stock split of Class A common stock (effective 2023-05-24).","evidence_excerpt":"The Board authorized a 1:15 reverse stock split (the “Reverse Stock Split”) of the outstanding Class A common stock, which will become effective as of 12:01 a.m. Eastern Time on May 24, 2023 (the “Effective Time”).","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1759546/000110465923063401/0001104659-23-063401-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-05-24"}],"fact_type":"governance_change"},{"claim_id":"37ceb1c2f2da00533075889d7941c726778f149f","claim":"NU RIDE INC. shareholders approved Election of Class III directors.","evidence_excerpt":"The Stockholders elected each of the following Class III director nominees to serve for a term of three years and until their respective successors are duly elected and qualified, as set forth below.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1759546/000110465923063401/0001104659-23-063401-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"director election"},{"label":"Outcome","value":"passed"}],"fact_type":"shareholder_vote"},{"claim_id":"752d1c6eeb0b3c9d0233ddd99dcf00f7c7ea3b06","claim":"NU RIDE INC. shareholders approved Non-binding advisory approval of compensation of named executive officers.","evidence_excerpt":"The Stockholders approved, on a non-binding advisory basis, the compensation of our named executive officers, as set forth below.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1759546/000110465923063401/0001104659-23-063401-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"say on pay"},{"label":"Outcome","value":"passed"}],"fact_type":"shareholder_vote"},{"claim_id":"bee1848601a24fcbd5bd97b8fea31fd7eb34cd45","claim":"NU RIDE INC. shareholders approved Approval of amendment to 2020 Plan to increase number of shares of Class A common stock reserved under the plan by 8,000,000.","evidence_excerpt":"The Stockholders approved the amendment of the 2020 Plan to increase the number of shares of Class A common stock reserved under the plan by 8,000,000, as set forth below.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1759546/000110465923063401/0001104659-23-063401-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"equity plan"},{"label":"Outcome","value":"passed"}],"fact_type":"shareholder_vote"},{"claim_id":"bee1f80c4b78c91e620afbb57be77b46360ece72","claim":"NU RIDE INC. shareholders approved Ratification of appointment of KPMG LLP as independent registered public accounting firm for fiscal year ending December 31, 2023 at the 2023-12-31 meeting.","evidence_excerpt":"The Stockholders ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023, as set forth below.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1759546/000110465923063401/0001104659-23-063401-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"auditor ratification"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-12-31"}],"fact_type":"shareholder_vote"},{"claim_id":"f6e185f452a737d3e8b0e3a3f20501aaf05c0ebc","claim":"NU RIDE INC. shareholders approved Approval of amendment to Charter to effect reverse stock split at a ratio ranging from 1:3 to 1:15, with Board discretion on timing and specific ratio.","evidence_excerpt":"The Stockholders approved the amendment of the Company’s Charter to effect a reverse stock split of the Company’s Class A common stock at a ratio ranging from 1:3 to 1:15, and to authorize the Board to determine, at its discretion, the timing of the amendment and the specific ratio of the reverse stock split.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1759546/000110465923063401/0001104659-23-063401-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"reverse split"},{"label":"Outcome","value":"passed"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}