---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-096386"
form_type: "8-K"
ticker: "NRDE"
cik: "0001759546"
company_name: "NU RIDE INC."
filed_at: "2023-08-29T23:59:59+00:00"
generated_at: "2026-06-11T02:27:26.160082+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-096386
- form_type: 8-K
- ticker: NRDE
- cik: 0001759546
- company_name: NU RIDE INC.
- filed_at: 2023-08-29T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1759546/000110465923096386/0001104659-23-096386-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1759546/000110465923096386/tm2325033d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-096386
- JSON: https://secwatch.observer/filing/0001104659-23-096386.json
- Plain text: https://secwatch.observer/filing/0001104659-23-096386.txt

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