Nu Ride Expands Florida Billboard Financing and Equity Stakes

Nu Ride ( (NRDE) ) has provided an announcement.

On January 23, 2026, Nu Ride Inc. entered into a Loan and Security Agreement under which it provided $5.5 million of a $7.5 million facility to Foxpoint Florida II, LLC to finance the purchase of billboard leasehold assets in Florida, securing the loan with a first-priority lien on substantially all of the borrower’s assets and a pledge of equity, at a 15% annual interest rate and a maturity date of January 23, 2029. As part of the financing, Nu Ride will receive roughly 29.3% of the borrower’s equity interests, subject to reduction if the loan is repaid early, and on December 30, 2025, the company executed a similar $2.125 million secured loan and equity arrangement with Foxpoint Florida, LLC, further expanding its exposure to Florida billboard assets and potentially enhancing returns through both high-yield interest income and significant equity stakes in the borrowers.

Spark’s Take on NRDE Stock

According to Spark, TipRanks’ AI Analyst, NRDE is a Underperform.

Nu Ride’s overall stock score reflects significant financial weakness, with consistent losses and negative cash flows posing serious risks. Technical analysis suggests bearish momentum, and valuation metrics are unappealing given the lack of profitability and dividends. Without positive earnings call or corporate events to offset these challenges, the stock remains a high-risk investment.

To see Spark’s full report on NRDE stock, click here.

More about Nu Ride

Nu Ride Inc. operates as an investment company providing secured financing, with a focus on funding acquisitions of billboard leasehold assets, including structures and permits, in the Florida outdoor advertising market.

Average Trading Volume: 27,731

Technical Sentiment Signal: Sell

Current Market Cap: $24.14M

See more insights into NRDE stock on TipRanks’ Stock Analysis page.