BankruptTechnology
What Happened to NU Ride?
Ticker: NRDESPAC Year: 2019Merger: 2020
Return
-83.7%
Current Price
$0.1
Peak Price
$477
Trust Size
$49M
Summary
N-Ride is a transportation technology company that went public through a SPAC merger, operating in the ride-sharing and mobility space.
What Happened
N-Ride went public through a SPAC merger and has struggled significantly as a public company, with going concern warnings and a reverse stock split. The stock trades at pennies, representing a failed SPAC venture.
Timeline
2019-01-31
S-1 Registration Filed
2020-10-08
Merger Proxy Filed (DEFM14A)
2023-06-27
Filed for bankruptcy
Risk Indicators
⚠️ Reverse Split