Nu Ride loans $5.5M for Florida billboard assets; also discloses $2.125M prior loan

NU RIDE INC.

Loan of $5.5M (of $7.5M total) to Foxpoint Florida II, LLC at 15% interest, due Jan 2029, secured by assets and equity pledge.
Company receives ~29.3% equity stake in borrower, reducible to 20% if repaid within 1 year or 30% if within 2 years.
Also discloses Dec 30, 2025 loan of $2.125M to Foxpoint Florida, LLC on same terms with 40% equity stake.
Loans finance acquisition of billboard leasehold assets including structures and permits in Florida.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

NU RIDE INC. entered into Loan and Security Agreement with Foxpoint Florida II, LLC valued at $5,500,000 loan to Borrower, 15% interest, maturity 2029-01-23, and equity interests of approximatel (effective 2026-01-23).

Action: entry
Agreement: credit facility
Counterparty: Foxpoint Florida II, LLC
Value: $5,500,000 loan to Borrower, 15% interest, maturity 2029-01-23, and equity interests of approximatel
Effective: 2026-01-23

Exact text from the filing

On January 23, 2026, Nu Ride Inc. (the “ Company ”) entered into a Loan and Security Agreement with Foxpoint Florida II, LLC (“ Borrower ”) and certain other lenders party thereto (the “ LSA ”), pursuant to which the Company loaned Borrower $5.5 million (out of aggregate loan proceeds of $7.5 million) to finance the acquisition by Borrower of certain billboard leasehold assets, including structures and permits, in Florida (the “ Loan ”).

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NU RIDE INC. filing history →

Source: SEC EDGAR

accession 0001493152-26-003436

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