NU RIDE INC. entered into Stockholders Agreement with the Buyer, the Company, and the Sellers (Affinity Advisory Network, LLC, AAN Wealth Advisors, LLC, HIH M MFTG Trust, The Hall Companies Corporate Ohio Legacy Trust, and Robert Hall) (effective 2026-06-02).
“On the Signing Date, the Buyer, the Company and the Sellers also agreed to a Stockholders Agreement (the “Stockholders Agreement”) to be entered into at closing of the transaction, governing the ongoing governance and ownership of the Buyer following the closing of the acquisition.”
Material Agreements
NU RIDE INC. entered into Membership Interest Purchase Agreement with Affinity Advisory Network, LLC, AAN Wealth Advisors, LLC, HIH M MFTG Trust, The Hall Companies Corporate Ohio Legacy Trust, and Robert Hall valued at $6,720,000 (effective 2026-06-02).
“On June 2, 2026 (the “Signing Date”), Affinity Advisory Holdings Corp., a Delaware corporation (the “Buyer”) and a wholly-owned subsidiary of Nu Ride Inc. (the “Company”), entered into a Membership Interest Purchase Agreement (the “Purchase Agreement”) with Affinity Advisory Network, LLC and AAN Wealth Advisors, LLC (together, “Affinity”), HIH M MFTG Trust and The Hall Companies Corporate Ohio Legacy Trust (the “Sellers”), and Robert Hall pursuant to which the Buyer agreed to acquire 100% of the issued and outstanding membership interests of Affinity from the Sellers.”
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).
“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 ”).”
Governance Changes
NU RIDE INC.: Stockholders approved an amendment to the Third Amended and Restated Certificate of Incorporation (NOL Protective Amendment) effective December 15, 2025, to lower the ownership threshold to 4.75%, extend the protective provisions for ten years, restrict stockholder sales, and clarify treatment of pr (effective 2025-12-15).
“At the 2025 Annual Meeting, the stockholders approved an amendment to the Company’s Third amended and Restated Certificate of Incorporation (the “NOL Protective Amendment”), effective December 15, 2025, to (i) provide that the restrictions included in the NOL Protective Provisions apply to transactions involving any person or group of persons that is or as a result of such a transaction would become a 4.75% stockholder (i.e., would beneficially own, directly or indirectly, 4.75% or more of all issued and outstanding (x) capital stock of the Company, (y) common stock of the Company or (z) preferred stock of the Company), (ii) extend the expiration of the NOL Protective Provisions for a ten-year period after the 2025 Annual Meeting, (iii) extend the period of time in which existing 4.75% stockholders are restricted from selling Company securities for a ten-year period and (iv) clarify that the purported transferee in any prohibited transfer shall be deemed to hold the shares involved in”
Auditor Changes
NU RIDE INC. engaged BDO USA, P.C. as its auditor.
“The Audit Committee of the Board of Directors of the Company has approved the engagement of BDO USA, P.C. (“BDO”) as the Company’s independent registered public accounting firm for the Company’s fiscal year ending December 31, 2024, effective as of April 17, 2024.”
Auditor Changes
NU RIDE INC. dismissed KPMG LLP as its auditor.
“On April 17, 2024, Nu Ride Inc. (the “Company”) dismissed KPMG LLP (“KPMG”) as the Company’s independent registered public accounting firm.”
Governance Changes
NU RIDE INC.: Amended and restated bylaws in their entirety with modified indemnification provisions.
“the Company's bylaws, as in effect immediately prior to the Effective Date, were amended and restated in their entirety (the "Second Amended and Restated Bylaws").”
Governance Changes
NU RIDE INC.: Amended and restated certificate of incorporation in its entirety to reflect new company name, classified board, and NOL trading restrictions.
“the Company's Second Amended and Restated Certificate of Incorporation was amended and restated in its entirety (the "Third Amended and Restated Certificate of Incorporation").”
Alexandre Zyngier was appointed as director at NU RIDE INC..
“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.”
Neil Werner was appointed as director at NU RIDE INC..
“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.”
Michael J. Wartell was appointed as director at NU RIDE INC..
“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.”
Andrew L. Sole was appointed as director at NU RIDE INC..
“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.”
Alexander C. Matina was appointed as director at NU RIDE INC..
“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.”
Adam Kroll was terminated as executive officer at NU RIDE INC..
“the employment of the following executive officers of the Company was terminated: Messrs. Ninivaggi and Hightower and Adam Kroll.”
Edward T. Hightower was terminated as executive officer at NU RIDE INC..
“the employment of the following executive officers of the Company was terminated: Messrs. Ninivaggi and Hightower and Adam Kroll.”
Daniel A. Ninivaggi was terminated as executive officer at NU RIDE INC..
“the employment of the following executive officers of the Company was terminated: Messrs. Ninivaggi and Hightower and Adam Kroll.”
Angela Strand departed as director at NU RIDE INC..
“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.”
Dale Spencer departed as director at NU RIDE INC..
“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.”
Laura J. Soave departed as director at NU RIDE INC..
“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.”
Jane Reiss departed as director at NU RIDE INC..
“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.”
Edward T. Hightower departed as director at NU RIDE INC..
“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.”
David T. Hamamoto departed as director at NU RIDE INC..
“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.”
Keith Feldman departed as director at NU RIDE INC..
“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.”
Joseph B. Anderson, Jr. departed as director at NU RIDE INC..
“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.”
Daniel A. Ninivaggi departed as director at NU RIDE INC..
“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.”
Distress & Bankruptcy
NU RIDE INC. entered chapter 11 in U.S. Bankruptcy Court for the District of Delaware (petition 2023-06-27).
“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”).”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.