---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-110013"
form_type: "8-K"
ticker: "NRDE"
cik: "0001759546"
company_name: "NU RIDE INC."
filed_at: "2023-10-19T23:59:59+00:00"
generated_at: "2026-06-09T20:59:19.463247+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lordstown Motors' $10.2M asset sale to LandX approved by court

## Summary
- Bankruptcy Court approved sale of Lordstown's assets to LandX Motors (LAS Capital assignee) for ~$10.2M cash.
- Assets include electric light duty vehicle design, production, and commercial fleet market assets, sold free of liens.
- Purchase price increased from $10M to approx $10.2M; sale expected to close by Oct 31, 2023.
- Company warns common stock may have little or no value; trading is highly speculative.
- Chapter 11 proceedings continue; shareholders unlikely to receive any distribution.

## SEC filing metadata
- accession: 0001104659-23-110013
- form_type: 8-K
- ticker: NRDE
- cik: 0001759546
- company_name: NU RIDE INC.
- filed_at: 2023-10-19T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1759546/000110465923110013/0001104659-23-110013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1759546/000110465923110013/tm2328763d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-110013
- JSON: https://secwatch.observer/filing/0001104659-23-110013.json
- Plain text: https://secwatch.observer/filing/0001104659-23-110013.txt

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