Lordstown Motors files amended Chapter 11 plan; no subordination of Foxconn equity, no cash for unsecured trade claims

NU RIDE INC.

Amended plan removes subordination of Foxconn's preferred/common equity; Foxconn interests remain.
General unsecured claims now in single class; no cash pool for trade claims.
Securities class action settled: lead plaintiff may elect $1M settlement pro rata, or receive Class A stock per formula.
Lim v. Hightower claims recoveries limited to insurance policies.
Company warns common stock may have little or no value; trading highly speculative.

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