Summary by Moomoo AI
On July 24, 2024, Nxu's board of directors amended the company's bylaws to reduce the quorum requirement for stockholder meetings from a majority to one-third of the total voting power of outstanding shares entitled to vote. This amendment will be applied retroactively to the company's 2024 annual meeting of stockholders.The modification to the quorum requirement aims to enhance the company's ability to conduct stockholder meetings more efficiently when called. The amendment specifically affects Section 1.6 of the company's bylaws and took effect immediately upon approval.
