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. (NRDE) filed Amendment No. 1 to its annual report for the year ended December 31, 2025 to add the previously omitted Part III information. The amendment details the post‑bankruptcy board and governance structure, executive and director compensation, major shareholders, related‑party arrangements, and auditor fees.
The company emerged from Chapter 11 on March 14, 2024 under the Nu Ride name, with a five‑member, staggered board dominated by experienced investors. As of March 26, 2026, 16,096,296 Class A shares were outstanding, with a non‑affiliate market value of about $20.2 million as of June 30, 2025.
New CEO Alexander Matina earns a $415,000 base salary plus RSU grants and a health stipend, while former CEO William Gallagher was compensated through advisory firm M3 Partners, which received about $0.9 million in 2025. Non‑employee directors receive cash retainers and RSU awards under the amended 2020 Equity Incentive Plan. Foxconn remains a significant holder, with beneficial ownership of Class A common stock and Series A preferred shares. BDO USA, P.C. billed $200,000 in audit fees in both 2025 and 2024. The amendment does not change previously reported financial statements.
NU RIDE INC. director Michael J. Wartell reported an open-market purchase of Class A common stock. On February 13, 2026, he bought 6,548 shares at a weighted average price of $1.59 per share, with trade prices ranging from $1.55 to $1.60.
After this transaction, Wartell directly owns 227,081 shares of NU RIDE INC. common stock, a figure that includes restricted stock units.
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. director reported receiving an equity grant of 72,464 restricted stock units of Class A common stock on January 2, 2026. These units vest in two equal annual installments beginning on January 2, 2027, with each unit representing the right to receive one share of Nu Ride’s common stock.
Following this grant, the director beneficially owns 192,997 restricted stock units directly and 656,713 shares indirectly through Foxhill Family Partnership, LP, over which the director has voting and dispositive power but disclaims beneficial ownership beyond any economic interest.
Nu Ride Inc. director reports new restricted stock units
A Nu Ride Inc. (NRDE) director filed details of an equity award dated 01/02/2026. The insider acquired 108,696 Class A common stock restricted stock units, each representing a right to receive one share of common stock. The award vests in two equal annual installments beginning on January 2, 2027.
Following this award, the reporting person beneficially owns 301,832 restricted stock units directly and 763,000 Class A shares indirectly through Esopus Creek Value Series Fund LP - Series A, with beneficial ownership of the indirect holdings disclaimed except for any pecuniary interest.
Nu Ride Inc. director and chief executive officer Alexander Matina reported a grant of Class A common stock in the form of restricted stock units. On 01/02/2026, he acquired 118,325 restricted stock units, each representing a contingent right to receive one share of Nu Ride’s common stock. The award vests in two equal annual installments beginning on January 2, 2027, meaning the units will vest over two years starting on that date.
After this transaction, Matina beneficially owns a total of 238,858 restricted stock units of Nu Ride Inc., all reported as directly held. These holdings consist entirely of restricted stock units rather than already-issued common shares, so actual share delivery will depend on the vesting schedule being satisfied.
Nu Ride Inc. reported an insider equity award for one of its directors. On 01/02/2026, the director acquired 72,464 Class A common stock restricted stock units, marked as an acquisition. Following this grant, the director beneficially owns 192,997 restricted stock units directly and 282,056 Class A common shares indirectly through HZ Investments LLC.
The restricted stock unit award vests in two equal annual installments beginning on January 2, 2027, with each unit representing a contingent right to receive one share of Nu Ride Inc.’s common stock. The director is the managing member of HZ Investments LLC and has voting and dispositive power over the securities it holds, but disclaims beneficial ownership beyond his pecuniary interest.