---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-22-013155"
form_type: "8-K"
ticker: "NXUR"
cik: "0001722969"
company_name: "Nxu, Inc."
filed_at: "2022-11-04T23:59:59+00:00"
generated_at: "2026-06-22T07:09:16.516443+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Atlis Motor Vehicles raises up to $27M via 10% discount convertible notes and warrants

## Summary
- Issued up to $30M principal of Senior Secured 10% Discount Convertible Notes; gross proceeds up to $27M.
- First tranche closed: $10M principal notes for $9M; warrants for 231,312 shares issued at $15.00 or discounted VWAP.
- Notes mature in 24 months, convertible at lesser of $15.00 or 92.5% of lowest 3 VWAPs over 10 days.
- Warrants exercisable for 5 years, same conversion formula; additional tranches subject to conditions.
- Maxim Group acted as placement agent; customary registration rights agreement filed.

## SEC filing metadata
- accession: 0001214659-22-013155
- form_type: 8-K
- ticker: NXUR
- cik: 0001722969
- company_name: Nxu, Inc.
- filed_at: 2022-11-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1722969/000121465922013155/0001214659-22-013155-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1722969/000121465922013155/s1132218k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-22-013155
- JSON: https://secwatch.observer/filing/0001214659-22-013155.json
- Plain text: https://secwatch.observer/filing/0001214659-22-013155.txt

## Key facts
- Debt Financings
  Nxu, Inc. incurred convertible notes of aggregate principal amount of up to $30,000,000 with certain institutional investors at do not initially bear any interest maturing 24 months after issuance.
  - Instrument: convertible notes
  - Principal: aggregate principal amount of up to $30,000,000
  - Counterparty: certain institutional investors
  - Rate: do not initially bear any interest
  - Maturity: 24 months after issuance
  - Event: incurrence
  source text: the Company agreed to issue to the Investors, for gross proceeds of up to $27,000,000, Senior Secured Original Issue 10% Discount Convertible Promissory Notes (the “ Notes ”) in the aggregate principal amount of up to $30,000,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1722969/000121465922013155/0001214659-22-013155-index.htm
- Material Agreements
  Nxu, Inc. entered into Securities Purchase Agreement with certain institutional investors valued at gross proceeds of up to $27,000,000 (effective 2022-11-03).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain institutional investors
  - Value: gross proceeds of up to $27,000,000
  - Effective: 2022-11-03
  source text: On November 3, 2022, Atlis Motor Vehicles, Inc. (the “ Company ”) entered into a Securities Purchase Agreement (the “ Purchase Agreement ”) with certain institutional investors (collectively, the “ Investors ”), pursuant to which the Company agreed to issue to the Investors, for gross proceeds of up to $27,000,000, Senior Secured Original Issue 10% Discount Convertible Promissory Notes (the “ Notes ”) in the aggregate principal amount of up to $30,000,000 and warrants (the “ Warrants ”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1722969/000121465922013155/0001214659-22-013155-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.