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Nxu Inc | 8-K: Current report

SEC ·  Nov 19, 2024 20:16

Summary by Moomoo AI

Nxu Inc., a Delaware corporation listed on NASDAQ under the symbol NXU, has filed a Form 8-K with the United States Securities and Exchange Commission on November 19, 2024. The report announces the commencement of a merger process involving Nxu Inc., its wholly owned subsidiaries Nxu Merger Sub, Inc. and Nxu Merger Sub, LLC, and Verde Bioresins, Inc. According to the Agreement and Plan of Merger dated October 23, 2024, the merger will proceed in two stages, with Verde first merging with Nxu Merger Sub, Inc. and then with Nxu Merger Sub, LLC, resulting in Verde becoming a wholly owned subsidiary of Nxu. In conjunction with this announcement, Nxu has released an Investor Presentation detailing the proposed merger, which is available as Exhibit 99.1 attached...Show More
Nxu Inc., a Delaware corporation listed on NASDAQ under the symbol NXU, has filed a Form 8-K with the United States Securities and Exchange Commission on November 19, 2024. The report announces the commencement of a merger process involving Nxu Inc., its wholly owned subsidiaries Nxu Merger Sub, Inc. and Nxu Merger Sub, LLC, and Verde Bioresins, Inc. According to the Agreement and Plan of Merger dated October 23, 2024, the merger will proceed in two stages, with Verde first merging with Nxu Merger Sub, Inc. and then with Nxu Merger Sub, LLC, resulting in Verde becoming a wholly owned subsidiary of Nxu. In conjunction with this announcement, Nxu has released an Investor Presentation detailing the proposed merger, which is available as Exhibit 99.1 attached to the report. The presentation aims to provide investors with information regarding the merger, which is subject to customary closing conditions, including regulatory approvals and stockholder consent. Nxu Inc. is identified as an emerging growth company and has provided cautionary notes regarding forward-looking statements in the report. The company has also indicated that further details about the merger will be available in the Registration Statement and Proxy Statement/Prospectus to be filed with the SEC.

This announcement is a separate document:

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