Highest-materiality recent filing
Stark Novus amends Foxpoint financing; defers interest to Orlando sale close
Interest installments due June 1-Sept 1, 2026 deferred to closing of the Orlando Sale.
Acquisition of Affinity Advisory Network and AAN Wealth Advisors closed July 15, 2026; consideration $6.72M cash, 80,000 shares of Class A common, and 15% of Buyer's common stock.
Nu Ride elects Paul W. Burkett as director; Michael J. Wartell resigns
Paul W. Burkett elected to Board effective July 1, 2026 as Class II director.
Nu Ride to acquire Affinity Advisory for ~$9.6M in cash, stock, and earnout
Total consideration of ~$9.6M includes $6.72M cash, 80,000 Class A shares, plus earnout up to $1.312M; closing expected in Q3 2026.
Nu Ride loans $5.5M for Florida billboard assets; also discloses $2.125M prior loan
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.
Nu Ride shareholders approve 1M share plan increase, NOL protective amendment
Shareholders approved amendment to 2020 Equity Incentive Plan to increase reserved shares by 1,000,000.
Bankruptcy court approves reduction of Nu Ride's GUC reserve to $5.1M from $22.1M
GUC reserve cut by $17M to $5.1M; previously set at $22.1M as of Sep 30, 2025.
Nu Ride appoints board member Alexander Matina as CEO, replacing William Gallagher
Alexander Matina (age 49) appointed CEO, President, Treasurer, Secretary effective Sept 26, 2025.
Nu Ride modifies director compensation plan: cash paid in advance, RSU grant covers 12 quarters
Board approved modified plan on May 13, 2024; cash stipend unchanged at $12,000/quarter but now paid in advance.
Nu Ride dismisses KPMG, engages BDO USA as new auditor amid Chapter 11 proceedings
Dismissed KPMG as independent auditor on April 17, 2024; no disagreements or reportable events.
Nu Ride Inc. (fka Lordstown Motors) emerges from Chapter 11; ticker changes to NRDE
Effective March 14, 2024, emerged from Chapter 11 under new name Nu Ride Inc.
Lordstown Motors bankruptcy plan confirmed; $45M claims reserve, new name Nu Ride
Bankruptcy court confirmed Chapter 11 plan on March 5, 2024; effective date pending satisfaction of conditions.
SEC settles with Lordstown Motors for $25.5M disgorgement, contingent on plan confirmation
SEC approved cease-and-desist order on Feb 29, 2024, requiring $25.5M disgorgement for securities law violations; company consented.
Lordstown Motors files modified Ch 11 plan; proposes $3M securities settlement and SEC claim deal
Second Modified First Amended Plan filed Jan 31, includes $3M escrow for Ohio securities class settlement.
SEC files $45M proof of claim in Lordstown Motors bankruptcy for securities violations
SEC filed a $45M proof of claim in Lordstown Motors' Chapter 11 case for alleged securities law violations.
Lordstown Motors terminates EVP, General Counsel Melissa Leonard effective Dec 29, 2023
Melissa Leonard terminated as EVP, General Counsel and Corporate Secretary on December 29, 2023.
Lordstown Motors bankruptcy court approves disclosure statement; voting to commence Nov 7
Bankruptcy court approved Amended Disclosure Statement and Solicitation and Voting Procedures on Oct 31, 2023.
Lordstown Motors closes $10.2M asset sale to LandX Motors in Chapter 11
Asset Purchase Agreement with LAS Capital (assigned to LandX Motors) closed on October 27, 2023.
Amended plan removes subordination of Foxconn's preferred/common equity; Foxconn interests remain.
Lordstown Motors' $10.2M asset sale to LandX approved by court
Bankruptcy Court approved sale of Lordstown's assets to LandX Motors (LAS Capital assignee) for ~$10.2M cash.
Lordstown Motors enters $10M asset sale to LAS Capital (affiliated with former CEO)
Asset Purchase Agreement with LAS Capital for $10M cash to acquire electric-vehicle assets.
Lordstown Motors files Chapter 11 plan to subordinate Foxconn equity, preserve causes of action
Debtors filed Joint Chapter 11 Plan and Disclosure Statement on Sept 1, 2023 in Delaware Bankruptcy Court.
Bankruptcy court approves $40M Karma settlement; Foxconn dismissal motion denied
Court approved settlement with Karma Automotive on Aug 28; Lordstown paid $40M for broad IP license and mutual releases.
Lordstown Motors settles Karma trade secret litigation for $40M; seeks court approval by Aug 28
Settlement includes $40M payment ($5M as royalty) for a worldwide, non-exclusive, perpetual IP license from Karma.
Lordstown Motors bankruptcy court allows Karma lawsuit trial, finalizes NOL trading procedures
Bankruptcy Court modified automatic stay to let Karma Automotive LLC's trade-secret lawsuit proceed to jury trial.
Lordstown Motors bankruptcy court approves NOL protections; warns common stock may be worthless
Substantial shareholder threshold set at 4.5% of common (~717,502 shares) or preferred (~13,500 shares).
Lordstown Motors receives Nasdaq delisting notice after Chapter 11 filing; suspension July 7
Company filed voluntary Chapter 11 bankruptcy on June 27, 2023, in Delaware.
Lordstown Motors files Chapter 11, sues Foxconn for fraud; stock likely has little or no value
Filed Chapter 11 on June 27, 2023; will pursue sale of Endurance truck and related assets under section 363.
Lordstown Motors disputes Foxconn's claim for 62.8% stake; Nasdaq bid price issue resolved
Foxconn claims right to buy 26.9M shares at $1.76 each post-reverse split, representing 62.8% of Lordstown stock for $47.3M.
1:15 reverse stock split effective May 24, 2023; aims to regain Nasdaq $1.00 minimum bid price compliance.
Lordstown Motors fails to close Foxconn funding; dispute escalates, going concern risk
Foxconn did not close the Subsequent Common Closing on May 8, 2023, depriving Lordstown of ~$47.3M critical funding.
Lordstown Motors disputes Foxconn's termination of investment deal; critical funding at risk
Foxconn sent notice April 21 claiming breach due to Nasdaq bid price non-compliance; Lordstown disputes validity.
Lordstown Motors receives Nasdaq bid price deficiency notice; faces delisting risk
Nasdaq notice on April 19, 2023: closing bid below $1.00 for 30 consecutive business days.
Q4 2022 operating loss of $104.9M; revenue from 3 vehicle sales with $30M cost of sales including $21M inventory write-down.
Lordstown Motors pauses Endurance production, recalls 19 vehicles for propulsion issue
Pauses production and customer deliveries of Endurance pickup due to performance and quality issues with certain components.
Delaware court validates Lordstown's 2020 share increase and all shares issued in reliance
Court of Chancery granted Section 205 petition, validating 200M share increase amendment and Certificate of Incorporation as of Oct 23, 2020.
Lordstown Motors Seeks Court Validation of Stock Authorization Amid Uncertainty
On January 26, 2023, Lordstown Motors filed a Section 205 petition in Delaware Court of Chancery to validate its Second Amended and Restated Certificate of Incorporation and shares issued.
Received stockholder letter on Mar 24, 2022 challenging 200M share Class A increase approved at Oct 2020 special meeting.
As of Jan 3, 2023, produced 31 vehicles for sale; 6 delivered to customers.
Endurance full-size electric pickup truck achieves full homologation; EPA and CARB certifications received.
Lordstown Motors closes $52.7M initial investment from Foxconn; Series A Preferred issued
Foxconn invested $52.7M for 12.9M common shares at $1.76/sh and 300,000 Series A Preferred at $100/sh.
Operating loss of $154.8M includes $74.9M impairment, $30M litigation accrual, $16.2M NRV charge; adjusted loss $33.8M.
Foxconn to invest up to $170M in Lordstown Motors; initial closing Nov 22, 2022
Foxconn will purchase $22.7M in common stock at $1.76/share and $30M in preferred stock at $100/share at initial closing.
Lordstown Motors begins commercial production of Endurance truck; cash outlook improved by $75M
First two commercial release Endurance vehicles built at Foxconn EV Ohio plant; third expected shortly.
Lordstown Motors authorized shares increased 50% to 450M after stockholder vote
Charter amendment raises Class A common authorized shares from 300M to 450M.
Lordstown Motors sells 9.2M shares to YA II PN for $23M to fund Endurance
Sold 9,199,265 shares at ~$2.5002/share for $23M total to YA II PN, LTD.
Lordstown Motors Q2 operating profit $61.3M on Foxconn deal; cash $236M; targets Q3 production
Operating profit of $61.3M includes $101.7M gain on asset sale to Foxconn; core expenses down 33% vs Q1.
Lordstown Motors promotes Hightower to CEO, Ninivaggi to Executive Chairman
Edward T. Hightower elevated from President to CEO and elected to Board; Daniel Ninivaggi becomes Executive Chairman.
Lordstown voids charter amendment to increase authorized shares; special meeting set for Aug 17
Board voided Charter Amendment increasing authorized shares from 300M to 450M due to proxy disclosure error.
Lordstown Motors faces shareholder demand over unauthorized share increase vote at annual meeting
Purcell & Lefkowitz sent demand letter alleging board misled stockholders on vote for share increase from 300M to 450M.
the following persons were appointed to the board of directors of the Company as of the Effective Date (the “New Board”): Alexander C. Matina, Andrew L. Sole, Michael J. Wartell, Neil Werner and Alexandre Zyngier.
the following persons were appointed to the board of directors of the Company as of the Effective Date (the “New Board”): Alexander C. Matina, Andrew L. Sole, Michael J. Wartell, Neil Werner and Alexandre Zyngier.
the following persons no longer serve on the board of directors of the Company: Daniel A. Ninivaggi, Joseph B. Anderson, Jr., Keith Feldman, David T. Hamamoto, Edward T. Hightower, Jane Reiss, Laura J. Soave, Dale Spencer, and Angela Strand.
the following persons no longer serve on the board of directors of the Company: Daniel A. Ninivaggi, Joseph B. Anderson, Jr., Keith Feldman, David T. Hamamoto, Edward T. Hightower, Jane Reiss, Laura J. Soave, Dale Spencer, and Angela Strand.
the following persons no longer serve on the board of directors of the Company: Daniel A. Ninivaggi, Joseph B. Anderson, Jr., Keith Feldman, David T. Hamamoto, Edward T. Hightower, Jane Reiss, Laura J. Soave, Dale Spencer, and Angela Strand.
the following persons were appointed to the board of directors of the Company as of the Effective Date (the “New Board”): Alexander C. Matina, Andrew L. Sole, Michael J. Wartell, Neil Werner and Alexandre Zyngier.
the following persons were appointed to the board of directors of the Company as of the Effective Date (the “New Board”): Alexander C. Matina, Andrew L. Sole, Michael J. Wartell, Neil Werner and Alexandre Zyngier.
the employment of the following executive officers of the Company was terminated: Messrs. Ninivaggi and Hightower and Adam Kroll.
the following persons no longer serve on the board of directors of the Company: Daniel A. Ninivaggi, Joseph B. Anderson, Jr., Keith Feldman, David T. Hamamoto, Edward T. Hightower, Jane Reiss, Laura J. Soave, Dale Spencer, and Angela Strand.
the employment of the following executive officers of the Company was terminated: Messrs. Ninivaggi and Hightower and Adam Kroll.
the employment of the following executive officers of the Company was terminated: Messrs. Ninivaggi and Hightower and Adam Kroll.
the following persons no longer serve on the board of directors of the Company: Daniel A. Ninivaggi, Joseph B. Anderson, Jr., Keith Feldman, David T. Hamamoto, Edward T. Hightower, Jane Reiss, Laura J. Soave, Dale Spencer, and Angela Strand.
Max materiality 1.00 · Median 0.75 · Most common event other_material