secwatch.observer — SEC 8-K summary
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Issuer:     NU RIDE INC. (NRDE)
CIK:        0001759546
Form:       8-K
Filed at:   2023-10-27T23:59:59+00:00
Accession:  0001104659-23-112162
Event type: other_material
Sentiment:  negative
Materiality: 1.00
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1759546/000110465923112162/0001104659-23-112162-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1759546/000110465923112162/tm2329304d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-112162

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