Bankruptcy court approves $40M Karma settlement; Foxconn dismissal motion denied

NU RIDE INC.

Court approved settlement with Karma Automotive on Aug 28; Lordstown paid $40M for broad IP license and mutual releases.
Bankruptcy court denied Foxconn entities' motion to dismiss or convert Chapter 11 cases to Chapter 7.
Company warns Class A common stock (RIDEQ) may have little or no value; trading is highly speculative.

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