A failed electric vehicle start-up company in Lordstown is looking to rise from the ashes and begin again.

The former Lordstown Motors Corp. has emerged from reorganization bankruptcy with a new name and a new location.

A March 14 filing by the United States Securities and Exchange Commission shows that the former EV builder is back in business and being traded in the OTC Pink Market under the ticker symbol 'NRDE.'

The filing shows the new business is located in New York City, and according to their website, Nu Ride has approximately $78 million in cash along with "$1 billion of net operating loss carry forwards and various causes of action."

According to a submitted regulatory filing, Nu Ride may "enter into a business combination, acquire a target company or business or enter into strategic alliances" with companies seeking to go public, according to a recently submitted regulatory filing.

Trading for Nu Ride Inc. opened Friday at 2.80 per share.

The SEC filing shows that William Gallagher was appointed as the Chief Executive Officer for NuRide, President, Secretary, and Treasurer of
the Company. Before joining Nu Ride, Gallagher served as a Managing Director of M3 Partners for more than 35 years.

Lordstown Motors was started by former Workhorse Group CEO Steve Burns, who developed and built electric trucks at the former GM Lordstown Assembly plant starting in 2019. In September 2023, the EV company filed for bankruptcy and sold its assets to LAS Capital LLC for $10 million. Burns is the majority equity holder of LAS. A bankruptcy court approved the sale in October of the same year.