secwatch.observer — SEC 8-K summary
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Issuer:     Nxu, Inc. (NXUR)
CIK:        0001722969
Form:       8-K
Filed at:   2022-11-04T23:59:59+00:00
Accession:  0001214659-22-013155
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1722969/000121465922013155/0001214659-22-013155-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1722969/000121465922013155/s1132218k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-22-013155

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer