Nxu, Inc. Announces $3.0 Million Public Offering of Common Stock
19 Octubre 2023 - 8:15AM
Nxu, Inc. (NASDAQ: NXU) (“Nxu” or “the Company”), a domestic
technology company developing and manufacturing innovative EV
charging and energy storage solutions for the infrastructure we
need to power our electrified future, today announced the pricing
of a public offering of 86,000,000 shares of Class A common stock
at a public offering price of $0.035 per share. The gross proceeds
of the offering to the Company, before deducting placement agent
fees and commissions and other offering expenses, are expected to
be approximately $3.0 million.
The offering is expected to close on or about October 23, 2023,
subject to customary closing conditions.
Maxim Group LLC is acting as the sole placement agent in
connection with the offering.
The offering is being conducted pursuant to the Company’s
registration statement on Form S-1, as amended, (File No.
333-274910) previously filed with and subsequently declared
effective by the Securities and Exchange Commission (“SEC”) on
October 19, 2023. A final prospectus relating to the offering will
be filed with the SEC and will be available on the SEC’s website at
http://www.sec.gov. Copies of the final prospectus relating to this
offering, when available, may be obtained from Maxim Group LLC, at
300 Park Avenue, 16th Floor, New York, NY 10022, Attention:
Syndicate Department, by telephone at (212) 895-3745 or by email at
syndicate@maximgrp.com.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy any of the securities described
herein, nor shall there be any sale of these securities in any
state or other jurisdiction in which such offer, solicitation or
sale would be unlawful prior to the registration or qualification
under the securities laws of any such state or other
jurisdiction.
About Nxu, Inc.
Nxu, Inc. is a domestic technology company leveraging its
intellectual property and innovations to support e-Mobility
and energy storage solutions. Driving the energy future, Nxu
is developing an ecosystem of industry-leading grid level energy
storage solutions, charging infrastructure and over-air cloud
management – encompassed by Nxu’s seamless subscription-based
models. For more information, visit www.nxuenergy.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These forward-looking statements are based on our current
assumptions, expectations and beliefs and involve substantial risks
and uncertainties that may cause results, performance or
achievements to materially differ from those expressed or implied
by these forward-looking statements. Such forward-looking
statements include statements regarding, among other things, the
offering, sale of shares of Class A common stock and our ability to
complete the offering. A detailed discussion of these factors and
other risks that affect our business is included in filings we make
with the Securities and Exchange Commission (SEC) from time to
time, including our most recent annual report on Form 10-K,
particularly under the heading “Risk Factors.” Copies of these
filings are available online from the SEC or on the SEC Filings
section of our Investor Relations website at www.nxuenergy.com. All
forward-looking statements in this press release are based on
information currently available to us, and we assume no obligation
to update these forward-looking statements in light of new
information or future events.
CONTACT: Media ContactAmy
O’HaraNxu, Inc. info@nxuenergy.com
Investor ContactNxu,
Inc.Investors@nxuenergy.com
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