---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-074944"
form_type: "8-K"
ticker: "NRDE"
cik: "0001759546"
company_name: "NU RIDE INC."
filed_at: "2023-06-27T23:59:59+00:00"
generated_at: "2026-06-13T16:25:57.398618+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Lordstown Motors files Chapter 11, sues Foxconn for fraud; stock likely has little or no value

## Summary
- Filed Chapter 11 on June 27, 2023; will pursue sale of Endurance truck and related assets under section 363.
- Filed lawsuit against Foxconn alleging fraud, bad faith, and contractual breaches causing material harm.
- Foxconn allegedly failed to purchase $47.3M in stock and fund joint development program as per Investment Agreement.
- Company is debt-free with significant cash on hand but expects common stock to have little or no value.
- Production of Endurance will cease in near term; development activities on future vehicles halted.

## SEC filing metadata
- accession: 0001104659-23-074944
- form_type: 8-K
- ticker: NRDE
- cik: 0001759546
- company_name: NU RIDE INC.
- filed_at: 2023-06-27T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.03, 8.01, 2.05, 2.06, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1759546/000110465923074944/0001104659-23-074944-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1759546/000110465923074944/tm2319664d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-074944
- JSON: https://secwatch.observer/filing/0001104659-23-074944.json
- Plain text: https://secwatch.observer/filing/0001104659-23-074944.txt

## Key facts
- Distress & Bankruptcy
  NU RIDE INC. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2023-06-27).
  - Proceeding: chapter 11
  - Court: United States Bankruptcy Court for the District of Delaware
  - Petition: 2023-06-27
  source text: the Company Parties are pursuing a restructuring through a voluntary petition also filed on June 27, 2023 under chapter 11 (“Chapter 11”) of the U.S. Bankruptcy Code (the “Bankruptcy Code”) in the Bankruptcy Court.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1759546/000110465923074944/0001104659-23-074944-index.htm

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