Nxu Inc. has filed an amendment to its definitive proxy statement with the SEC, announcing significant changes ahead of its rescheduled 2024 annual meeting of stockholders. The virtual meeting, initially set for June 14, 2024, has been adjourned to August 14, 2024. The amendment includes a new notice for the adjourned meeting date and details an approval by Nxu's Board of Directors to amend the company's Bylaws. This amendment reduces the quorum needed for stockholder meetings to one-third of the total voting power of shares entitled to vote, applied retroactively to the Annual Meeting. Additionally, the amendment restates Proposal 4, which concerns the amendment of Nxu's Certificate of Incorporation, and Proposal 5, which involves the authorization of a Series of Preferred Stock. Approximately...Show More

Nxu Inc. has filed an amendment to its definitive proxy statement with the SEC, announcing significant changes ahead of its rescheduled 2024 annual meeting of stockholders. The virtual meeting, initially set for June 14, 2024, has been adjourned to August 14, 2024. The amendment includes a new notice for the adjourned meeting date and details an approval by Nxu's Board of Directors to amend the company's Bylaws. This amendment reduces the quorum needed for stockholder meetings to one-third of the total voting power of shares entitled to vote, applied retroactively to the Annual Meeting. Additionally, the amendment restates Proposal 4, which concerns the amendment of Nxu's Certificate of Incorporation, and Proposal 5, which involves the authorization of a Series of Preferred Stock. Approximately 45% of Nxu's outstanding shares of common stock have already cast proxies for the Annual Meeting. The amendment also addresses an irregularity with the Record Date, which has been ratified to ensure the validity of stockholder voting. The Board unanimously recommends stockholders vote 'FOR' all proposals, including the election of four directors, the adoption of the Amended Plan, the ratification of the company's independent auditor, and the amendments to the Certificate of Incorporation and the authorization of Preferred Stock.