# Stark Novus Financial Inc. (NRDE) — bankruptcy/chapter_11 [completed]
Source: SEC API (secapi.ai) · situation sit_04bb99b54c4822a73dbc · retrieved 2026-08-11T15:52:11.321Z

## Overview
Stark Novus Financial Inc. (formerly Nu Ride Inc.) is a Delaware corporation that completed the acquisition of Affinity Advisory Network, LLC and AAN Wealth Advisors, LLC, wealth advisory businesses.

On July 15, 2026, Affinity Advisory Holdings Corp. (a wholly-owned subsidiary of Stark Novus Financial Inc., formerly Nu Ride Inc.) completed the acquisition of Affinity Advisory Network, LLC and AAN Wealth Advisors, LLC. The Membership Interest Purchase Agreement was originally signed on June 2, 2026. The aggregate consideration consisted of: (a) $6,720,000 in cash at closing, subject to customary adjustments for working capital, cash, indebtedness, and transaction expenses; (b) 80,000 shares of Class A common stock of the Company; and (c) shares of the Buyer's common stock equal to 15% of the Buyer's issued and outstanding shares immediately following the closing. The sellers are also eligible to receive a contingent earnout payment of up to $1,312,000 (plus accrued interest), payable in up to three annual installments of approximately $437,333 each, subject to meeting certain insurance-writing thresholds.

## Terms
- Counterparty: Affinity Advisory Network, LLC and AAN Wealth Advisors, LLC · Deal value: $6.7M · Consideration: mixed · Stake: 15%

## Key dates
- Completed 2026-07-15

## Timeline
- 2026-07-21 · 8-K (0001493152-26-034092): 8-K - Stark Novus Financial Inc. — *Stark Novus Financial Inc. (formerly Nu Ride Inc.) is a Delaware corporation that completed the acquisition of Affinity Advisory Network, LLC and AAN Wealth Advisors, LLC, wealth advisory businesses.* On July 15, 2026, Affinity Advisory Holdings Corp. (a wholly-owned subsidiary of Stark Novus Financial Inc., formerly Nu Ride Inc.) completed the acquisition of Affinity Advisory Network, LLC and AAN Wealth Advisors, LLC. The Membership Interest Purchase Agreement was originally signed on June 2, 2026. The aggregate consideration consisted of: (a) $6,720,000 in cash at closing, subject to customary adjustments for working capital, cash, indebtedness, and transaction expenses; (b) 80,000 shares of Class A common stock of the Company; and (c) shares of the Buyer's common stock equal to 15% of the Buyer's issued and outstanding shares immediately following the closing. The sellers are also eligible to receive a contingent earnout payment of up to $1,312,000 (plus accrued interest), payable in up to three annual installments of approximately $437,333 each, subject to meeting certain insurance-writing thresholds.
  https://www.sec.gov/Archives/edgar/data/1759546/0001493152-26-034092.txt

## Citations
- 0001493152-26-034092 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000149315226034092