---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-085893"
form_type: "8-K"
ticker: "NRDE"
cik: "0001759546"
company_name: "NU RIDE INC."
filed_at: "2023-07-31T23:59:59+00:00"
generated_at: "2026-06-12T22:10:58.680570+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Lordstown Motors bankruptcy court allows Karma lawsuit trial, finalizes NOL trading procedures

## Summary
- Bankruptcy Court modified automatic stay to let Karma Automotive LLC's trade-secret lawsuit proceed to jury trial.
- Karma seeks substantial monetary damages that 'significantly exceed' Lordstown's accrual and ability to pay.
- Final NOL order restricts equity transfers by Substantial Stockholders (≥4.5% ownership, ~717,502 common shares).
- Prohibited transfers of common or preferred stock are void ab initio and may lead to contempt sanctions.
- Company warns common stock 'may have little or no value' and urges extreme caution in trading.

## SEC filing metadata
- accession: 0001104659-23-085893
- form_type: 8-K
- ticker: NRDE
- cik: 0001759546
- company_name: NU RIDE INC.
- filed_at: 2023-07-31T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1759546/000110465923085893/0001104659-23-085893-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1759546/000110465923085893/tm2322403d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-085893
- JSON: https://secwatch.observer/filing/0001104659-23-085893.json
- Plain text: https://secwatch.observer/filing/0001104659-23-085893.txt

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