---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-003436"
form_type: "8-K"
ticker: "NRDE"
cik: "0001759546"
company_name: "NU RIDE INC."
filed_at: "2026-01-23T23:59:59+00:00"
generated_at: "2026-05-16T08:27:57.143274+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-26-003436
- form_type: 8-K
- ticker: NRDE
- cik: 0001759546
- company_name: NU RIDE INC.
- filed_at: 2026-01-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1759546/000149315226003436/0001493152-26-003436-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1759546/000149315226003436/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-003436
- JSON: https://secwatch.observer/filing/0001493152-26-003436.json
- Plain text: https://secwatch.observer/filing/0001493152-26-003436.txt

## Key facts
- Material Agreements
  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
  source text: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1759546/000149315226003436/0001493152-26-003436-index.htm

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