NU Ride Inc (NRDE)

[Saving Grace]

Foxconn later walked back its threat to end the agreement, agreeing with Lordstown Motors it could not do so after the first round of funding, about $52.7 million, that was part of the agreement closed in November.

The company has 180 days to come back into compliance with Nasdaq’s rule. To do so, the closing bid price must be at least $1 per share for at least 10 days in a row before Oct. 16. Even then, Lordstown Motors could ask the exchange for more time.

I believe Burns is being liquidated of all of his shares and not by choice.
https://www.salemnews.net/news/local-news/2023/05/ex-lordstown-motors-corp-ceo-jettisons-more-stock/

According to this article, by law, the Lordstown Motors/Foxconn agreement stands.