Nxu Fully Regains Compliance with Nasdaq’s Continued Listing Requirements
14 Febrero 2024 - 3:00PM
Nxu Inc. (NASDAQ: NXU) (“Nxu”, “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, announced that on Feb. 14,
2024, the Nasdaq Stock Market (“Nasdaq”) withdrew its Jan. 9, 2024
letter that cited the Company’s apparent lack of a 2023 annual
shareholder meeting, as required by Nasdaq Listing Rule 5815
(d)(4)(C) (“Annual Meeting Rule”), as an additional basis for
delisting the Company’s securities from Nasdaq.
Upon further review of the Company’s shareholder meeting held
May 9, 2023, Nasdaq confirmed that the Company did in fact meet the
requirements of the Annual Meeting Rule as of December 31, 2023. As
a result, Nasdaq withdrew its January delisting letter and closed
the matter. Nxu has fully regained compliance with all of Nasdaq’s
continued listing requirements and will be removed from Nasdaq’s
list of noncompliant companies.
“Nxu has worked incredibly hard to regain compliance with
Nasdaq’s continued listing standards,” said Mark Hanchett, Chairman
and CEO at Nxu. “We fully grasp the gravity and importance of those
standards and are committed to maintaining compliance in 2024 and
beyond.”
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, including, but
not limited to, statements regarding our ability to remain
compliant with Nasdaq’s continued listing rules. 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. 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: Investor
Contact Investors@nxuenergy.com
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