CAPITAL STOCK AND LOSS PER SHARE

9 Months Ended

Sep. 30, 2025

Net income (loss) per share attributable to common shareholders

NOTE 5 - CAPITAL STOCK AND LOSS PER SHARE

The Company has authorized shares of capital stock totaling 462 million shares, consisting of (i) 450 million shares of Class A common stock and (ii) 12 million shares of preferred stock, each with a par value of $0.0001.

At the 2023 Annual Meeting, the stockholders of the Company approved a proposal to amend the Charter to effect a reverse split of the Company’s outstanding shares of Class A common stock at a ratio within a range of between 1:3 and 1:15, with the timing and the exact ratio of the reverse split to be determined by the Board in its sole discretion. The Board authorized the Reverse Stock Split at a 1:15 ratio, which became effective as of May 24, 2023 (the “Reverse Split Effective Date”).

The Company filed an Amendment to the Charter on May 22, 2023, which provided that, at the Reverse Split Effective Date, every 15 shares of the issued and outstanding Class A common stock would automatically be combined into one issued and outstanding share of Class A common stock.

ASC Topic 260, Earnings Per Share, requires the presentation of basic and diluted earnings per share (“EPS”). Basic EPS is calculated based on the weighted average number of shares outstanding during the period. Dilutive EPS is calculated to include any dilutive effect of our share equivalents.

Nu Ride Inc.

f/k/a Lordstown Motors Corp.

Notes to Condensed Consolidated Financial Statements

The following outstanding potentially dilutive common stock equivalents have been excluded from the computation of diluted net income (loss) per share attributable to common shareholders due to their anti-dilutive effect (in thousands):

	Three months ended September 30, 2025		Three months ended September 30, 2024		Nine months ended September 30, 2025		Nine months ended September 30, 2024
Foxconn Preferred Stock		1,296		1,174		1,296		1,174
Foxconn Warrants¹		—		113		—		113
Private Placement Warrants²		154		154		154		154
Total		1,450		1,441		1,450		1,441

1)	The Foxconn Warrants expired on May 11, 2025.
2)	The Private Placement Warrants expired on October 23, 2025.

NU RIDE INC. 10-Q