Lordstown Motors bankruptcy court approves NOL protections; warns common stock may be worthless

NU RIDE INC.

Substantial shareholder threshold set at 4.5% of common (~717,502 shares) or preferred (~13,500 shares).
Transfers of equity in violation of procedures null and void; notices required for any change in ownership.
Company cautions that outstanding shares of Class A common stock likely have little or no value.
Chapter 11 cases filed June 27, 2023; Foxconn litigation remains pending.

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