Every 8-K that NU RIDE INC (NRDE) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow NRDE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NRDE filings page.
Stark Novus Financial Inc. (NRDE) reports that its Compensation Committee approved changes to the compensation of Chief Executive Officer Alexander Matina, effective September 1, 2026. His annual base salary increases from $415,000 to $451,750.
The annual grant of restricted stock units to be awarded on or about the first trading day of 2027 and in each calendar year thereafter increases from $50,000 to $63,250 in fair market value, with the grant terms otherwise unchanged, including vesting in two substantially equal installments on the first and second anniversaries of the grant date, subject to acceleration upon a change in control and continued employment through each vesting date. A pro-rated RSU grant will be made for the balance of 2026, with vesting to commence on the first and second anniversaries of September 1, 2026. Mr. Matina will also receive a one-time cash bonus of $120,000, payable on September 1, 2026.
Stark Novus Financial Inc. (NRDE) entered into an Omnibus Amendment to its existing Foxpoint-related financing documents on August 18, 2026. Stark Novus acts as a lender to several Foxpoint Florida borrower entities, with James Neumann as Guarantor and other lenders party to the agreements.
The amendment defers the Borrowers’ monthly interest payments due for June 1 through September 1, 2026 until the closing of an Orlando-area billboard and related asset sale by the Guarantor and the Borrowers. A letter of intent for this Orlando Sale must be executed by the Guarantor, with the original August 19, 2026 deadline orally extended by Stark Novus to August 25, 2026. Net proceeds of the Orlando Sale will be applied first to fully pay all amounts owed to the lenders, and the Guarantor will pledge additional billboard assets in Bridgeton, Missouri, and, upon certain events of default, in Bakersfield, California as extra collateral securing the obligations.
Stark Novus Financial Inc., formerly Nu Ride Inc., completed the acquisition of Affinity Advisory Network, LLC and AAN Wealth Advisors, LLC through its wholly owned subsidiary, Affinity Advisory Holdings Corp. The consideration includes a cash payment at closing of $6,720,000 (subject to customary adjustments), 80,000 shares of Class A common stock and Buyer common stock equal to 15% of the Buyer’s issued and outstanding shares immediately after closing. The sellers may also receive a contingent earnout of up to $1,312,000 plus interest, payable in up to three annual installments of approximately $437,333 each, if specified insurance-writing thresholds are met.
On July 21, 2026, the company changed its name from Nu Ride Inc. to Stark Novus Financial Inc. via a Certificate of Amendment, and updated its Third Amended and Restated Bylaws solely to reflect the name change. The Class A common stock is expected to begin trading on the OTC under the ticker symbol SNFI, with the CUSIP number remaining unchanged. Required financial statements and pro forma financial information for the acquired business will be provided in a later amendment within 71 days.
Nu Ride Inc. reported changes to its board of directors. On June 30, 2026, the board elected Paul W. Burkett as a Class II director, effective July 1, 2026, and he will stand for election at the 2026 Annual Meeting of Stockholders.
Burkett was also appointed to the Audit Committee, Corporate Governance and Nominating Committee, and Transaction Committee, and the board determined he qualifies as an independent director under NASDAQ listing standards. He will receive compensation under the company’s standard non-employee director arrangements.
The company also disclosed that Michael J. Wartell resigned from the board effective June 30, 2026, and stated there were no disagreements with the company related to its operations, policies, or practices leading to his resignation.
Nu Ride Inc. has agreed to acquire 100% of the membership interests of Affinity Advisory Network, LLC and AAN Wealth Advisors, LLC through its subsidiary Affinity Advisory Holdings Corp. The deal values Affinity at approximately $9.6 million, including a $6.72 million cash payment at closing, 80,000 shares of Nu Ride Class A common stock and an earnout of up to $1.312 million tied to insurance-writing performance. The sellers will also receive common stock of the buyer equal to 15% of its shares immediately after closing, and Robert Hall will continue to lead Affinity as CEO under a new employment agreement.
The acquisition is expected to close in the third quarter of 2026, subject to customary conditions. Nu Ride highlights Affinity’s integrated insurance and wealth advisory platform, which generated over $3.5 million in revenue for the 12 months ended March 31, 2026, as a scalable, high-margin business. The 80,000 Nu Ride Acquisition Shares will be issued as restricted securities under a private offering exemption from registration.
Nu Ride Inc. reported that it has become a lender in two billboard financing transactions in Florida. On January 23, 2026, the company entered into a Loan and Security Agreement with Foxpoint Florida II, LLC and other lenders, under which it loaned $5.5 million of total loan proceeds of $7.5 million to fund the acquisition of billboard leasehold assets, including structures and permits. The loan bears interest at 15% per annum, payable monthly in cash, is secured by a first-priority lien on substantially all of the borrower’s assets and a pledge of all equity interests in the borrower, and matures with full principal and accrued interest due on January 23, 2029.
Nu Ride will also receive equity interests in the borrower representing about 29.3% of aggregate equity interests issued to it (out of 40% issued to all lenders), with this equity stake potentially reduced to 30% if the loan is repaid in full on or before the second anniversary of closing and to 20% if repaid in full on or before the first anniversary. Separately, on December 30, 2025, Nu Ride entered into a Funding Agreement and Secured Promissory Note with Foxpoint Florida, LLC, providing a $2.125 million loan on substantially similar collateral and terms, including 40% of that borrower’s equity interests, also subject to potential reduction upon prepayment.
Nu Ride Inc. reported the results of its 2025 annual stockholder meeting. Stockholders approved an amendment to the 2020 Equity Incentive Plan to add 1,000,000 shares of Class A common stock reserved for future awards, increasing the pool available for employee and director equity compensation.
They also approved a NOL Protective Amendment to the company’s certificate of incorporation, effective December 15, 2025. This change applies the NOL protective provisions to any holder that is, or would become, a 4.75% stockholder, extends the expiration of these protections and related sale restrictions for a ten-year period after the 2025 meeting, and clarifies how prohibited transfers are treated between transferor and transferee. Voting results show strong support for the company’s proposals, including 4,845,182 votes for director Neil Weiner with no votes against.
Nu Ride Inc. reported that the U.S. Bankruptcy Court for the District of Delaware approved a reduction of its general unsecured creditor claims reserve to $5.1 million. This reserve had previously been set at $22.1 million as of September 30, 2025, so the decision meaningfully lowers the amount currently held for these claims. The company notes that the claims reserve can be increased again if the Claims Ombudsman or creditors request it due to a change in circumstances.
Nu Ride Inc. reported a leadership change and updated its advisory arrangement. Effective September 26, 2025, the board appointed Alexander C. Matina as Chief Executive Officer, President, Treasurer, Secretary and principal financial officer, succeeding William Gallagher, whose role was provided through M3 Advisory Partners.
The company amended its engagement letter with M3 Advisory Partners so M3 continues to support operations, assets, liabilities and related matters, but without supplying the CEO. Under his new employment agreement, Mr. Matina will receive a $415,000 annual base salary, annual RSU grants valued at $50,000 as CEO and $110,000 as a board member, plus $4,000 per month for outside healthcare and potential discretionary bonuses.