Nxu stockholders approve merger with Verde Bioresins, reverse stock split, and name change

Nxu, Inc.

All 11 proposals approved at February 11, 2025 special meeting.
Merger with Verde Bioresins approved; shares issued >20% outstanding triggering change of control.
Dual class structure eliminated; Class B common stock cancelled; board classified.
Reverse stock split authorized at ratio of 1:5 to 1:20, final ratio set by board.
Company renamed to 'Verde Bioresins, Corp.' post-merger; 2025 equity incentive plan adopted.

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