---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-069575"
form_type: "8-K"
ticker: "NRDE"
cik: "0001759546"
company_name: "NU RIDE INC."
filed_at: "2023-06-09T23:59:59+00:00"
generated_at: "2026-06-14T04:07:22.888155+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Lordstown Motors disputes Foxconn's claim for 62.8% stake; Nasdaq bid price issue resolved

## Summary
- Foxconn claims right to buy 26.9M shares at $1.76 each post-reverse split, representing 62.8% of Lordstown stock for $47.3M.
- Lordstown rejects Foxconn's interpretation, stating deal was for ~10% and Foxconn's position violates Nasdaq 19.99% limit.
- Nasdaq closed April 19 bid price deficiency letter; Lordstown says condition for Subsequent Common Closing is now satisfied.
- Lordstown believes Foxconn will not close and intends to enforce rights through litigation; cites material and irreparable harm.
- Company discloses substantial doubt about going concern; may need to curtail operations or file for bankruptcy.

## SEC filing metadata
- accession: 0001104659-23-069575
- form_type: 8-K
- ticker: NRDE
- cik: 0001759546
- company_name: NU RIDE INC.
- filed_at: 2023-06-09T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1759546/000110465923069575/0001104659-23-069575-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1759546/000110465923069575/tm2318213d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-069575
- JSON: https://secwatch.observer/filing/0001104659-23-069575.json
- Plain text: https://secwatch.observer/filing/0001104659-23-069575.txt

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