NU Ride Inc (NRDE)

[Saving Grace]

LMC expected name change to "Nu Ride Inc"

Upon the occurrence of the Effective Date, the Company is expected to change its name to Nu Ride Inc.
However, no assurances can be given that the Proposed Plan will be confirmed and become effective

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Unless the context indicates otherwise, references in this report to the “Company,” “Lordstown,” “Debtors,” “we,”
“us,” “our” and similar terms refer to Lordstown Motors Corp. (f/k/a DiamondPeak Holdings Corp.) and its
consolidated subsidiaries (including Legacy Lordstown (as defined below)). References to “DiamondPeak” refer
to our predecessor company prior to the consummation of merger completed on October 23, 2020 pursuant to
the Agreement and Plan of Merger, dated as of August 1, 2020 (the “Business Combination Agreement”), by
and among DiamondPeak, DPL Merger Sub Corp. (“Merger Sub”) and Lordstown Motors Corp. (“Legacy
Lordstown” and now known as Lordstown EV Corporation), pursuant to which Merger Sub merged with and into
Legacy Lordstown, with Legacy Lordstown surviving the merger as a wholly-owned subsidiary of DiamondPeak
(the “Merger” and, together with the other transactions contemplated by the Business Combination Agreement,
the “Business Combination”).
Upon the occurrence of the Effective Date, the Company is expected to change its name to Nu Ride Inc.
However, no assurances can be given that the Proposed Plan will be confirmed and become effective.
Unless the context indicates otherwise, all shares of the Company’s Class A common stock are presented after
giving effect to the 1:15 reverse stock split of the outstanding Class A common stock, which became effective
as of 12:01 a.m. Eastern Time on May 24, 2023.

https://investor.lordstownmotors.com/static-files/d958df54-eba1-45fd-8aad-8f0546031769