Lordstown Motors closes $10.2M asset sale to LandX Motors in Chapter 11

NU RIDE INC.

Asset Purchase Agreement with LAS Capital (assigned to LandX Motors) closed on October 27, 2023.
Total purchase price approximately $10.2 million in cash for electric light duty vehicle assets.
Sale includes design, production, and commercial fleet vehicle assets, free of liens and claims.
First Amended Joint Chapter 11 Plan filed October 24; stock likely has little or no value.

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