Announcement • Oct 22
Nu Ride Inc., Annual General Meeting, Dec 11, 2025 Nu Ride Inc., Annual General Meeting, Dec 11, 2025. Announcement • Sep 27
Nu Ride Inc. Announces CEO Changes Nu Ride Inc. announced that its Board of Directors has appointed Board member Alexander Matina as Chief Executive Officer (CEO), effective September 26, 2025. Mr. Matina succeeds William Gallagher, who served as CEO since the Company's emergence from Chapter 11 proceedings in March 2024, in accordance with the engagement letter between the Company and M3 Partners, LP ("M3 Partners") pursuant to which M3 Partners agreed to provide the Company with executive management and support services, including through Mr. Gallagher. Mr. Matina, age 49, is currently the Managing Member of LANECR Consulting LLC. From 2007 through 2023, Mr. Matina served in various leadership roles, including as Portfolio Manager, at MFP Investors LLC, which invested across both public and private markets. He has served on the board of directors of Trinity Place Holdings Inc., a publicly traded company, since 2013 and Range Capital Acquisition Corp, a special purpose acquisition company, since 2023. He is also a director of SIXGEN, a privately held cyber-security company and Standard Nuclear, a privately held nuclear fuel business. Mr. Matina previously served as a director of Crowheart Energy LLC, a private energy company, Madava Financial, a private energy-focused finance company, Papa Murphy’s, a publicly traded pizza franchise, as well as other public and private boards. Mr. Matina received a B.S. in finance and accounting from Fordham University (summa cum laude) and an M.B.A. from Columbia Business School. Announcement • Mar 07
Revised Third Modified First Amended Reorganization Plan Approved for Lordstown Motors Corp. The US Bankruptcy Court approved the revised third modified first amended plan of reorganization of Lordstown Motors Corp. on March 6, 2024. The debtor has filed its third modified first amended plan in the Court on March 5, 2024. As per the amended plan, administrative claims, professional fee claims, priority tax claims and other priority claims of $0.02 million shall be paid in full in cash. Secured claims shall retain its lien on its collateral until such holder receives the cash. General unsecured trade claims of $23.48 million – $33.48 million shall receive its pro rata share of the GUTC cash pool amount. Other unsecured claims in exchange for full and final satisfaction, settlement, each holder of such claim shall be paid the allowed amount of such claim in cash. Foxconn preferred stock interests shall receive distribution in cash. Intercompany interests shall be reinstated. Common stock interests shall receive distributions in cash from the non-trade pool assets. Section 510(b) Claims shall receive shares of Common Stock Interests. RIDE Section 510(b) Claims, if any, may recover solely from available insurance coverage from applicable Insurance Policies until such Insurance Policies have been completely exhausted. Ohio Securities Litigation Claim, if any, shall be paid in cash. The plan shall be funded from sale of assets and available cash from trust assets.