---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-23-000312"
form_type: "8-K"
ticker: "NXUR"
cik: "0001722969"
company_name: "Nxu, Inc."
filed_at: "2023-01-06T23:59:59+00:00"
generated_at: "2026-06-20T18:52:32.403617+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Atlis Motor Vehicles amends securities purchase agreement, modifies second tranche terms, terminates third tranche

## Summary
- Amends Nov 2022 Securities Purchase Agreement: second tranche up to $10M base + $5M oversubscription of 10% discount convertible notes and warrants.
- Each investor can purchase $5M base allocation; initial closing requires at least $10M total. Closing by April 30, 2024 or 20 trading days after first-tranche resale registration effective.
- True Up Warrants issued to each investor for aggregate 268,980 shares of Class A common stock.
- Minimum cash covenant: maintain cash balance at least 19% of outstanding principal until resale registration effective for all underlying shares.
- Prohibition on variable rate transactions until later of Second Tranche Expiration or no Notes outstanding; participation rights up to 25% (or 100% for variable rate).

## SEC filing metadata
- accession: 0001214659-23-000312
- form_type: 8-K
- ticker: NXUR
- cik: 0001722969
- company_name: Nxu, Inc.
- filed_at: 2023-01-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1722969/000121465923000312/0001214659-23-000312-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1722969/000121465923000312/b152308k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-23-000312
- JSON: https://secwatch.observer/filing/0001214659-23-000312.json
- Plain text: https://secwatch.observer/filing/0001214659-23-000312.txt

## Key facts
- Material Agreements
  Nxu, Inc. amended Registration Rights Agreement Amendment with each Investor (effective 2023-01-05).
  - Action: amendment
  - Counterparty: each Investor
  - Effective: 2023-01-05
  source text: Concurrently with the Purchase Agreement Amendment, the Company also entered into an amendment (the “ Registration Rights Agreement Amendment ”) to the Registration Rights Agreement, dated as of November 3, 2022, with each Investor
  evidence_url: https://www.sec.gov/Archives/edgar/data/1722969/000121465923000312/0001214659-23-000312-index.htm
- Material Agreements
  Nxu, Inc. amended Purchase Agreement Amendment with each institutional investor party to the Purchase Agreement (effective 2023-01-05).
  - Action: amendment
  - Agreement: equity purchase
  - Counterparty: each institutional investor party to the Purchase Agreement
  - Effective: 2023-01-05
  source text: On January 5, 2023, Atlis Motor Vehicles, Inc. (the “ Company ”) entered into an amendment (the “ Purchase Agreement Amendment ”) to the Securities Purchase Agreement, dated as of November 3, 2022 (the “ Purchase Agreement ”), with each institutional investor party to the Purchase Agreement (collectively, the “ Investors ”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1722969/000121465923000312/0001214659-23-000312-index.htm

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