Nu Ride Inc
lordstownmotors.comNu Ride Inc (OTC: NRDE) is a post-bankruptcy shell company that emerged from Chapter 11 proceedings on March 14, 2024, and is actively seeking a business combination, acquisition, or strategic transaction. The company generates no operating revenue. Its income comes from investment and interest income on short-term investments and notes receivable, which totaled $1.789 million for the year ended December 31, 2025, alongside realized gains on debt securities of $1.336 million for the same period. Nu Ride reported a net loss of $619,000 for the year ended December 31, 2025, compared to a net loss of $8.136 million for the year ended December 31, 2024. The company holds approximately $1.1 billion in federal net operating loss carryforwards as of December 31, 2025, which it is structuring its charter to protect. CEO Alexander Matina also serves as President, Secretary, Treasurer, and principal financial and accounting officer. The company has made secured loans to Foxpoint Florida entities to finance billboard leasehold assets in Florida, receiving equity interests alongside interest income.
Products & Services
No commercial products or services as of the 10-K filed March 26, 2026. Active assets include secured notes receivable from Foxpoint Florida billboard leasehold acquisitions in Florida and a portfolio of short-term investments. The company is pursuing business combination, acquisition, joint venture, or minority equity investment opportunities across unspecified industries.
Revenue Model
No operating revenue as of FY2025. Income derived from investment and interest income ($1.789 million, year ended December 31, 2025) and realized gains on debt securities available for sale ($1.336 million, year ended December 31, 2025). Additionally, the company has deployed capital as a secured lender to Foxpoint Florida entities, including a $5.5 million loan to Foxpoint Florida II, LLC (closed January 23, 2026) and smaller loans to Foxpoint Florida III and 4445 W. Vine, LLC (closed February 13, 2026), receiving equity interests and interest income in return.
Customers & Markets
No customers or end markets as of the 10-K filed March 26, 2026. The company is a shell entity seeking a target business. Counterparties include Foxpoint Florida II, LLC and related entities as borrowers under secured loan agreements.
Geographic Exposure
Incorporated and operating in the United States. Billboard-related loan assets are located in Florida, based on filings dated January and February 2026. Class A common stock trades on the over-the-counter market.
Financial Snapshot
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