NU RIDE INC. 8-K

What Happened

• Nu Ride Inc. (NRDE) filed an 8-K disclosing two loans to Foxpoint affiliates to finance purchases of billboard leasehold assets in Florida. On January 23, 2026 the Company entered a Loan and Security Agreement (LSA) under which it loaned Foxpoint Florida II, LLC $5.5 million (part of aggregate loan proceeds of $7.5 million). On December 30, 2025 the Company previously loaned Foxpoint Florida, LLC $2.125 million under separate loan documents.
• The January 23, 2026 loan bears interest at 15% per year, payable monthly in cash, is secured by a first-priority lien on substantially all of the borrower’s assets and by a pledge of the borrower’s equity, and calls for repayment of principal and accrued interest on January 23, 2029. The December 30, 2025 loan is secured by substantially the same collateral and has substantially the same terms.

Key Details

• $5.5 million loaned to Foxpoint Florida II, LLC under an LSA (entered Jan 23, 2026); aggregate LSA loan pool was $7.5M.
• $2.125 million loaned to Foxpoint Florida, LLC (entered Dec 30, 2025); combined Company loans total $7.625M.
• Interest: 15% per annum, paid monthly in cash; LSA maturity/payment in full on Jan 23, 2029.
• Nu Ride will receive equity interests in the borrower(s) representing approximately 29.3% of aggregate equity issued to lenders (out of 40% issued to lenders), subject to reductions to 30% if repaid by the second anniversary and 20% if repaid by the first anniversary.

Why It Matters

• These loans represent direct capital deployment by Nu Ride into billboard leasehold acquisitions and are structured to generate cash interest (15% p.a.) plus potential upside through an equity stake.
• Loans are secured by borrower assets and pledged equity, which provides creditors’ protections if the borrower defaults; maturity dates and payment terms set the timing for interest income and principal return.
• Investors should note the size of the loans relative to the company’s capital allocation and monitor borrower performance, repayment timelines, and any subsequent disclosures about realization of the equity interests or loan defaults.