---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-031706"
form_type: "8-K"
ticker: "NRDE"
cik: "0001759546"
company_name: "NU RIDE INC."
filed_at: "2024-03-07T23:59:59+00:00"
generated_at: "2026-06-05T01:43:54.198335+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Lordstown Motors bankruptcy plan confirmed; $45M claims reserve, new name Nu Ride

## Summary
- Bankruptcy court confirmed Chapter 11 plan on March 5, 2024; effective date pending satisfaction of conditions.
- Claims reserve of $45M for general unsecured creditors, subject to increase up to $5M; $3M escrow for Ohio securities litigation.
- Company to rename Nu Ride Inc.; current directors and officers (CEO Hightower, CFO Kroll, Exec Chair Ninivaggi) to depart on effective date.
- New board selected by equity committee will appoint new CEO and president; NOL trading restrictions imposed on 4.5%+ holders.
- As of Jan 31, 2024, $87.1M assets, $43.1M liabilities; 15.95M common shares and 300K preferred shares outstanding.

## SEC filing metadata
- accession: 0001104659-24-031706
- form_type: 8-K
- ticker: NRDE
- cik: 0001759546
- company_name: NU RIDE INC.
- filed_at: 2024-03-07T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.03, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1759546/000110465924031706/0001104659-24-031706-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1759546/000110465924031706/tm248190d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-031706
- JSON: https://secwatch.observer/filing/0001104659-24-031706.json
- Plain text: https://secwatch.observer/filing/0001104659-24-031706.txt

## Key facts
- Distress & Bankruptcy
  NU RIDE INC. entered chapter 11 in U.S. Bankruptcy Court for the District of Delaware (petition 2023-06-27).
  - Proceeding: chapter 11
  - Court: U.S. Bankruptcy Court for the District of Delaware
  - Petition: 2023-06-27
  source text: on June 27, 2023 (the “Petition Date”), Lordstown Motors Corp., a Delaware corporation (the “Company”), and its subsidiaries (collectively, the “Debtors”), commenced voluntary proceedings under chapter 11 (“Chapter 11”) of the U.S. Bankruptcy Code (the “Bankruptcy Code”) in the U.S. Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1759546/000110465924031706/0001104659-24-031706-index.htm

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