SNFI on OTC

Stark Novus Financial Inc.

Stark Novus Financial Inc. is an American motor vehicles and passenger car bodies company, listed on OTC (SNFI).1 It is headquartered in New York, New York.1

Price unavailable

Last updated Oct 21, 2026.

Overview

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  • TickerSNFI on OTC1
  • IndustryMotor Vehicles & Passenger Car Bodies1
  • HeadquartersNew York, New York1
  • Incorporated inDE2
  • Business address1700 Broadway, 19Th Floor, New York, Ny 100192
  • Filer categoryNon-accelerated filer, Smaller reporting company2

APA”) and outsource manufacturing of the Endurance to Foxconn under a contract manufacturing agreement (the “CMA”).3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

-14910.2%Operating margin4
-14660.9%Net margin4
1106.2%Revenue growth, 20234
-2532.0%Return on equity5
-$147.3MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue51¢$91.5M
  • Research and development19¢$33.3M
  • Selling, general and admin30¢$54.4M

Out of $2.3M in revenue.46 The company lost money this year.

Financial statements

Revenue64$2.3M in 2023+1106% since 2022
0$1.0M$2.0M$3.0M2022: $194.0K$194.0K20222023: $2.3M$2.3M2023+1106%
Operating income7864-$348.9M in 2023+56300% since 2019
-$600.0M-$400.0M-$200.0M02019: -$618.6K-$618.6K20192020: -$102.3M-$102.3M2020+16434%2021: -$400.5M-$400.5M2021+292%2022: -$387.3M-$387.3M2022−3%2023: -$348.9M-$348.9M2023−10%
Net income7864-$343.1M in 2023
-$600.0M-$400.0M-$200.0M0$200.0M2019: $3.0M$3.0M20192020: -$124.0M-$124.0M20202021: -$410.4M-$410.4M2021+231%2022: -$282.4M-$282.4M2022−31%2023: -$343.1M-$343.1M2023+21%

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-12-312024-12-31
Selling, general and administrative expenses$6.8M$12.9M
Legal settlement and litigation benefit, net-$3.0M-$6.0M
Reorganization items$4.0M
Total operating expense, net$3.8M$10.9M
Loss from operations-$3.8M-$10.9M
Other income (expense), net$16.0K-$251.0K
Realized gain on debt securities available for sale$1.3M$257.0K
Investment and interest income$1.8M$2.8M
Loss before income taxes-$619.0K-$8.1M
Net loss-$619.0K-$8.1M
Less accrued preferred stock dividend$2.9M$2.7M
Net loss attributable to common shareholders-$3.5M-$10.8M
Unrealized (loss) gain on debt securities available for sale-$1.1M$666.0K
Total comprehensive loss attributable to common shareholders-$4.6M-$10.2M
Basic-$0.22-$0.67
Diluted-$0.22-$0.67
Basic16.1M shares16.1M shares
Diluted16.1M shares16.1M shares

Compare Stark Novus Financial Inc. with another company

Corporate structure

Stark Novus Financial Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Stark Novus Financial Inc.

  • Stephen S. Burns Filed SC 13D/A on Stark Novus Financial Inc., latest Jun 21, 2023 (8 filings since Nov 19, 2021)
  • Hon Hai Precision Ind. Co., Ltd. Filed SC 13D/A on Stark Novus Financial Inc., latest May 3, 2023 (2 filings since Nov 17, 2022)
  • BlackRock Filed SC 13G/A on Stark Novus Financial Inc., latest Apr 6, 2023 (2 filings since Feb 3, 2023)
  • VANGUARD GROUP INC Filed SC 13G/A on Stark Novus Financial Inc., latest Feb 9, 2023 (2 filings since Feb 10, 2022)
  • Workhorse Group Filed SC 13G/A on Stark Novus Financial Inc., latest Feb 14, 2022
  • FMR LLC Filed SC 13G/A on Stark Novus Financial Inc., latest Feb 9, 2022
  • Stark Novus Financial Inc. New York, New York

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Stark Novus Financial Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$34.4M5 Dec 31, 2025$23.1M5 Dec 31, 2024+49.1%
Marketable securities, current$4.7M5 Dec 31, 2025$6.4M5 Dec 31, 2024−25.9%
Debt securities available for sale$9.8M5 Dec 31, 2025$29.7M5 Dec 31, 2024−67.0%

Properties, in its own words

The Company does not own any properties.

Item 2 of the 10-K filed Mar 26, 2026.3

Leadership

Who has led Stark Novus Financial Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (30)

Former names

  • NU RIDE INC.Mar 15, 2024 to Jul 7, 20262
  • Lordstown Motors Corp.Sep 17, 2020 to Mar 7, 20242
  • DiamondPeak Holdings Corp.Nov 21, 2018 to Oct 23, 20202

Timeline

  1. Sep 30, 20268-K Financial statements and exhibits54
  2. Sep 1, 20268-K Executive or director change55
  3. Aug 24, 20268-K Entered a material agreement56
  4. Jul 21, 20268-K Completed an acquisition or sale; Bylaws or fiscal year changed; Other events57
  5. Jun 30, 20268-K Executive or director change58
  6. Jun 4, 20268-K Entered a material agreement; Unregistered sale of shares59
  7. Jan 23, 20268-K Entered a material agreement; Other events60
  8. Jan 6, 2026New chief executive Alexander C. Matina becomes CEO13
  9. Dec 16, 20258-K Executive or director change; Bylaws or fiscal year changed; Shareholder vote61
  10. Nov 17, 20258-K Other events62
  11. Sep 26, 20258-K Entered a material agreement; Executive or director change63
  12. May 16, 20248-K Other events64
  13. Apr 18, 20248-K Change of auditor65
  14. Aug 16, 2022New chief executive Edward T. Hightower becomes CEO14
  15. Feb 27, 2019New chief executive David T. Hamamoto becomes CEO15

Calendar

When it reported results

  1. Mar 6, 2023Reported quarterly or annual results66
  2. Nov 8, 2022Reported quarterly or annual results67
  3. Aug 4, 2022Reported quarterly or annual results68
  4. May 9, 2022Reported quarterly or annual results69
  5. Feb 28, 2022Reported quarterly or annual results70
  6. Nov 12, 2021Reported quarterly or annual results71

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

279 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 67 major events, 103 insider forms, 16 large holders, 71 other. The latest 20:

  1. Sep 30, 20268-K/A EDGAR
  2. Sep 16, 2026ARS EDGAR
  3. Sep 16, 2026DEFA14A EDGAR
  4. Sep 16, 2026DEF 14A EDGAR
  5. Sep 1, 20268-K EDGAR
  6. Aug 28, 20264 EDGAR
  7. Aug 27, 20264 EDGAR
  8. Aug 26, 20264 EDGAR
  9. Aug 24, 20268-K EDGAR
  10. Aug 20, 20264 EDGAR
  11. Aug 14, 202610-Q EDGAR
  12. Jul 21, 20268-K EDGAR
  13. Jul 7, 20263 EDGAR
  14. Jun 30, 20268-K EDGAR
  15. Jun 4, 20268-K EDGAR
  16. May 15, 202610-Q EDGAR
  17. Apr 29, 202610-K/A EDGAR
  18. Mar 26, 202610-K EDGAR
  19. Feb 18, 20264 EDGAR
  20. Jan 23, 20268-K EDGAR

The 279 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

51 open-market trades by officers, directors and large owners since October 2021: 38 buys and 13 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 28, 2026ZYNGIER ALEXANDREDirectorBuy232$1.72$399Form 4
Aug 27, 2026ZYNGIER ALEXANDREDirectorBuy10,308$1.70$17.5KForm 4
Aug 26, 2026ZYNGIER ALEXANDREDirectorBuy108$1.56$168Form 4
Aug 25, 2026ZYNGIER ALEXANDREDirectorBuy1,822$1.70$3.1KForm 4
Aug 25, 2026ESOPUS CREEK VALUE SERIES FUND LP - SERIES ADirectorBuy9,000$1.83$16.5KForm 4
Aug 24, 2026ZYNGIER ALEXANDREDirectorBuy5,000$1.73$8.6KForm 4
Aug 21, 2026ZYNGIER ALEXANDREDirectorBuy704$1.69$1.2KForm 4
Aug 20, 2026ZYNGIER ALEXANDREDirectorBuy10,000$1.73$17.3KForm 4
Aug 19, 2026ZYNGIER ALEXANDREDirectorBuy465$1.71$795Form 4
Aug 18, 2026ZYNGIER ALEXANDREDirectorBuy1,840$1.70$3.1KForm 4
Feb 13, 2026Wartell Michael J.DirectorBuy6,548$1.59$10.4KForm 4
Dec 17, 2025ESOPUS CREEK VALUE SERIES FUND LP - SERIES ADirectorBuy23,213$1.48$34.4KForm 4
Dec 16, 2025ESOPUS CREEK VALUE SERIES FUND LP - SERIES ADirectorBuy16,787$1.41$23.7KForm 4
Nov 25, 2025ZYNGIER ALEXANDREDirectorBuy2,328$1.33$3.1KForm 4
Nov 21, 2025ZYNGIER ALEXANDREDirectorBuy30,000$1.34$40.2KForm 4
Nov 21, 2025Wartell Michael J.DirectorBuy28,405$1.42$40.3KForm 4
Nov 20, 2025Wartell Michael J.DirectorBuy21,595$1.42$30.7KForm 4
Nov 19, 2025Wartell Michael J.DirectorBuy50,000$1.37$68.5KForm 4
Nov 19, 2025ZYNGIER ALEXANDREDirectorBuy47,096$1.36$64.1KForm 4
Nov 19, 2025ESOPUS CREEK VALUE SERIES FUND LP - SERIES ADirectorBuy8,000$1.45$11.6KForm 4

All 51 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Alexander Matina50$109.5K$311.2K78
2025William Gallagher$261.1K$261.1K78
2024Former Chief Executive OfficerPresident, Secretary, and Treasurer$564.2K$564.2K78

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Horizon Financial Services, LLC133$2540.0%No change
Huntington National Bank93$1780.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Stark Novus Financial Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARStark Novus Financial Inc.1
  • CIK0001759546
  • Employer ID (EIN)83-25332393
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company3
  • Incorporated inDelaware3
  • Fiscal year endsDecember 311
  • Industry code (SIC)3711 Motor Vehicles & Passenger Car Bodies1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address1700 Broadway, 19Th Floor, New York, NY 100191
  • Phone212-202-22001
  • Shares outstanding16,289,293 as of Aug 14, 202610
  • Public float$20.2M as of Jun 30, 20253
  • AuditorBDO USA, P.C., Troy, Michigan PCAOB ID 243; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceNov 21, 20181
  • Filings476 in all: 4 (139), 8-K (90), 424B3 (43), 3 (40), 10-Q (23), SC 13G (14), SC 13G/A (14), DEFA14A (13)1
    All 38 form types

    CORRESP (10), EFFECT (9), SC 13D/A (9), UPLOAD (8), 10-K (7), DEF 14A (6), POS AM (6), S-1/A (5), 8-K/A (4), PRE 14A (4), 10-K/A (3), 25-NSE (3), ARS (3), S-1 (3), PRER14A (2), S-3 (2), S-8 (2), SC 13D (2), 3/A (1), 4/A (1), 424B4 (1), 424B5 (1), 8-A12B (1), CERT (1), DEFM14A (1), DRS (1), NT 10-Q (1), PREM14A (1), SD (1), SEC STAFF ACTION (1)

  • Latest filingsAnnual report (10-K) Mar 26, 2026
    Quarterly report (10-Q) Aug 14, 2026
    Proxy statement (DEF 14A) Sep 16, 2026
    Latest 8-K (8-K) Sep 1, 2026

Risk factors and legal proceedings

The risks Stark Novus Financial Inc. names in Item 1A of its 10-K filed Mar 26, 2026: 30 risks under these headings, as written.3

  • Risks Related to our Business and Financial Condition
  • We have limited revenues, operations, and assets, which makes it difficult to evaluate our future business prospects and there is a risk we may exhaust the capital resources we had when we emerged from bankruptcy.
  • Our only material assets are cash on hand, short-term investments, the loans receivable with Foxpoint Florida, the claims asserted in the Foxconn Litigation, claims that the Company may have against other parties, and NOLs.
  • The Company’s actual financial results following our emergence from bankruptcy is not comparable to the Company’s historical financial information.
  • We depend on our Board of Directors and newly appointed management to continue navigating our emergence from the Chapter 11 Cases and contribute to our ability to realize future value of our remaining assets, and if we are unable to attract, retain, manage, and appropriately compensate our officers and Board of Directors, our ability to meet our financial reporting obligations, achieve our anticipated operating costs, and to realize value from our remaining assets and litigation claims could be adversely affected.
  • We depend on the efforts of consultants and professional service providers to execute our business plan, operations and internal controls, and if we lose their services, our business may be severely disrupted.
  • Our Board of Directors may change our business plan and strategy without stockholder approval, which could alter the nature of your investment.
  • The Company’s ability to use some or all of its NOLs to offset future income or realize any potential value may be limited.
  • The Internal Revenue Service could challenge the amount, timing and/or use of our NOL carryforwards.
  • Our loans receivable are subject to certain risks, which could materially adversely affect our financial position, results of operations and cash flows.
  • We are or may be subject to risks associated with business combinations, strategic alliances, joint ventures, or acquisitions.
  • Our public shareholders may not be afforded an opportunity to vote on a proposed business combination.
The other 19 risks
  • Despite having emerged from bankruptcy, we continue to be subject to the risks and uncertainties associated with residual Chapter 11 bankruptcy proceedings.
  • Cyber incidents or attacks directed at us or disruptions to our information systems could result in information theft, data corruption, operational disruption, financial loss and/or reputational damage.
  • Our loans receivable may be classified as investment securities under the Investment Company Act of 1940.
  • Risks Relating to Claims, Regulation and External Events
  • The expenses and awards, if any, attributable to the Foxconn Litigation is uncertain, and no assurances can be provided that our claims against Foxconn will be successful or that we will recover any damages as a result thereof.
  • We face risks and uncertainties related to ongoing and potential future litigation and claims, as well as regulatory actions and government investigations and inquiries, for which we will continue to incur significant legal costs and may be subject to significant uninsured losses.
  • We have streamlined our operations following our emergence from the Chapter 11 Cases but legal expenses may remain high.
  • Changes in our operations following our emergence from bankruptcy have reduced our need to maintain insurance coverage at previous levels or to carry certain insurance policies, which could make us subject to potential losses and unexpected liabilities if there were to be a material loss or an adverse judgment or settlement in any one or more of our ongoing legal matters that are not insured which could significantly exceed our ability to pay, which could have a material adverse effect on the Company.
  • The amount of allowed claims could exceed our estimates, which could have a material adverse effect on our financial condition, results of operations and prospects.
  • Changes in laws or regulations, or a failure to comply with any laws and regulations, or any litigation that we may be subject to or involved in may adversely affect our business, prospects and results of operations.
  • We are subject to risks related to health epidemics and pandemics, and natural and man-made disasters, which have and may in the future adversely affect our business and financial condition.
  • Risks Related to Our Securities and Being a Public Company
  • Our Class A common stock trades on an over-the-counter market.
  • Trading in our Class A common stock is highly speculative and poses substantial risks.
  • In order to protect our ability to utilize our NOLs, our charter includes certain transfer restrictions with respect to our stock, which may limit the liquidity of our Class A common stock.
  • Our Preferred Stock ranks senior to our Class A common stock, which may adversely affect holders of our Class A common stock.
  • We may issue additional shares of preferred stock or additional shares of Class A common stock, and sales of a substantial number of additional shares of our securities would dilute the interest of our stockholders and could cause the price of our Class A common stock to decline.
  • Our charter documents and Delaware law could prevent a takeover that stockholders consider favorable and could also reduce the market price of our stock.
  • Failure to maintain an effective internal control over financial reporting may cause our investors to lose confidence in our financial and other reports.
  • Rule 144 will not be available for the resale of our Class A common stock.
  • Securities or industry analysts will likely not publish research or reports about us, and the price and trading volume of our Class A common stock could be impaired as a result.

Legal proceedings

For a description of our legal proceedings, see Note 8 - Commitments and Contingencies of the Notes to the Consolidated Financial Statements.

The opening of Item 3, Legal Proceedings.3

Sources

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