Stark Novus Financial Inc.
lordstownmotors.comWhat Do They Do?
Makes loans to billboard-asset businesses and holds claims from its former electric-vehicle business while exploring business combinations.
10-K for FY2025, filed Mar 26, 2026On June 27, 2023, Lordstown Motors Corp., a Delaware corporation, together with its subsidiaries (“Lordstown,” the “Company,” or the…View ↗
On December 30, 2025, the Company entered into a Funding Agreement and Secured Promissory Note with Foxpoint Florida, LLC (“FPI”), pursuant…View ↗
On January 23, 2026, the Company entered into a Loan and Security Agreement with Foxpoint Florida II, LLC (“FPII”) and certain other…View ↗
On February 13, 2026, the Company entered into a Funding Agreement and Secured Promissory Note with each of Foxpoint Florida III, LLC and…View ↗
How Do They Make Money?
$2.3M
-
10-K for FY2024, filed Mar 28, 2025
$2.3M ↗
Do Revenues Turn Into Profits?
No. It lost $343.1M in FY2023.
10-K for FY2024, filed Mar 28, 2025
−$348.9MView ↗
10-K for FY2024, filed Mar 28, 2025
−$343.1MView ↗
10-K for FY2024, filed Mar 28, 2025
−$147.3MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 14, 2026
−$1.1MView ↗
- ▼ Now a loss
- vs $742K in Q2 FY2025
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Jul 21, 2026
Completed acquisition of Affinity insurance and wealth advisory businesses
Affinity Advisory Network and AAN Wealth Advisors were acquired through a wholly owned subsidiary.
Sources
8-K, filed Jul 21, 2026
Item 2.01.View ↗
From electric vehicles to financial services
The older report described developing and producing electric work vehicles for commercial fleets, including the Endurance. The latest report describes loans for billboard assets, retained litigation claims and exploring business combinations.
10-K for FY2022, filed Mar 6, 2023 10-K for FY2025, filed Mar 26, 2026On June 27, 2023, Lordstown Motors Corp., a Delaware corporation, together with its subsidiaries (“Lordstown,” the “Company,” or the…View ↗
On December 30, 2025, the Company entered into a Funding Agreement and Secured Promissory Note with Foxpoint Florida, LLC (“FPI”), pursuant…View ↗
On January 23, 2026, the Company entered into a Loan and Security Agreement with Foxpoint Florida II, LLC (“FPII”) and certain other…View ↗
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