Nu Ride Inc. Lends $5.5 Million to Foxpoint Florida II in Billboard Asset Deal

Reuters01-26 15:50

<a href="https://laohu8.com/S/NRDE">Nu Ride</a> Inc. Lends $5.5 Million to Foxpoint Florida II in Billboard Asset Deal

Nu Ride Inc. has entered into a Loan and Security Agreement with Foxpoint Florida II, LLC and other lenders, providing a $5.5 million loan as part of a total $7.5 million financing package to support the acquisition of billboard leasehold assets in Florida. The loan is secured by a first priority lien on substantially all of the borrower's assets and a pledge of all equity interests in the borrower. It carries an annual interest rate of 15%, payable monthly, with the full principal and accrued interest due by January 23, 2029. In addition to interest, Nu Ride Inc. will receive equity interests in the borrower representing approximately 29.3% of the aggregate equity, which may be reduced to 30% or 20% if the loan is repaid early. Separately, Nu Ride Inc. also provided a $2.125 million loan to Foxpoint Florida, LLC under similar terms and collateral arrangements.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nu Ride Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-003436), on January 23, 2026, and is solely responsible for the information contained therein.

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Lends $5.5 Million to Foxpoint Florida II in Billboard Asset Deal\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        <a href=\"https://laohu8.com/S/NU\">Nu</a> Ride Inc. has entered into a Loan and Security Agreement with Foxpoint Florida II, LLC and other lenders, providing a $5.5 million loan as part of a total $7.5 million financing package to support the acquisition of billboard leasehold assets in Florida. The loan is secured by a first priority lien on substantially all of the borrower's assets and a pledge of all equity interests in the borrower. It carries an annual interest rate of 15%, payable monthly, with the full principal and accrued interest due by January 23, 2029. In addition to interest, Nu Ride Inc. will receive equity interests in the borrower representing approximately 29.3% of the aggregate equity, which may be reduced to 30% or 20% if the loan is repaid early. 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Lends $5.5 Million to Foxpoint Florida II in Billboard Asset Deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2026-01-26 15:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/NRDE\">Nu Ride</a> Inc. Lends $5.5 Million to Foxpoint Florida II in Billboard Asset Deal\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        <a href=\"https://laohu8.com/S/NU\">Nu</a> Ride Inc. has entered into a Loan and Security Agreement with Foxpoint Florida II, LLC and other lenders, providing a $5.5 million loan as part of a total $7.5 million financing package to support the acquisition of billboard leasehold assets in Florida. The loan is secured by a first priority lien on substantially all of the borrower's assets and a pledge of all equity interests in the borrower. It carries an annual interest rate of 15%, payable monthly, with the full principal and accrued interest due by January 23, 2029. In addition to interest, Nu Ride Inc. will receive equity interests in the borrower representing approximately 29.3% of the aggregate equity, which may be reduced to 30% or 20% if the loan is repaid early. 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ID: 0001493152-26-003436), on January 23, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4099","symbol_name":"汽车制造商","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260126:nNDL6KMlcM:1","article_id":"2606297656","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2606297656","pubTimestamp":1769413831,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Nu Ride Inc. has entered into a Loan and Security Agreement with Foxpoint Florida II, LLC and other lenders, providing a $5.5 million loan as part of a total $7.5 million financing package to support the acquisition of billboard leasehold assets in Florida. 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Lends $5.5 Million to Foxpoint Florida II in Billboard Asset Deal\n    \n\nNu Ride Inc. has entered into a Loan and Security Agreement with Foxpoint Florida II, LLC and other lenders, providing a $5.5 million loan as part of a total $7.5 million financing package to support the acquisition of billboard leasehold assets in Florida. The loan is secured by a first priority lien on substantially all of the borrower's assets and a pledge of all equity interests in the borrower. It carries an annual interest rate of 15%, payable monthly, with the full principal and accrued interest due by January 23, 2029. In addition to interest, Nu Ride Inc. will receive equity interests in the borrower representing approximately 29.3% of the aggregate equity, which may be reduced to 30% or 20% if the loan is repaid early. 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