Nu Ride(OTC) RIDE

Nu Ride manages legal claims and assets after ending its electric truck business. It no longer sells vehicles or products. The company now focuses on litigation and exploring new business options.

Products and Services

• Litigation Management: Handles lawsuits, mainly against Foxconn, aiming for financial recovery.
• Claims Administration: Resolves bankruptcy claims and manages related legal processes.
• Asset Management: Oversees cash, investments, and loans, including billboard leasehold assets in Florida.
• Business Opportunity Search: Explores new ventures or business combinations to use existing resources.

Growth and Expansion

• Exited electric vehicle manufacturing after Chapter 11 bankruptcy in June 2023.
• Shifted focus to litigation and asset management in 2024 after bankruptcy emergence.
• Issued loans to Foxpoint Florida entities in 2025 and 2026 for billboard asset acquisitions.
• Actively prosecuting litigation against Foxconn since 2024, with ongoing legal proceedings.
• Exploring strategic alternatives and business combinations since 2024, leveraging cash and tax assets.

What Makes Nu Ride Stand Out

Nu Ride’s main value comes from its litigation claims and large tax loss assets. The company holds significant cash and investments, giving it flexibility. Its board can quickly change direction without shareholder approval.

Five Things You Need to Know

• Revenue was $0 in 2025, unchanged from 2024 and 2023.
• Net loss improved to $619,000 in 2025, down from $8.1 million in 2024.
• Cash and cash equivalents were $34.44 million as of December 31, 2025.
• Net operating loss carryforwards totaled $1.1 billion (federal) and $843.4 million (state/local) in 2025.
• Only one full-time employee as of March 2026, with most work outsourced.

Bottom Line

Nu Ride has shifted from electric vehicles to managing legal and financial assets. Its future depends on litigation outcomes and finding new business opportunities.