secwatch.observer — SEC 8-K summary
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Issuer:     Nxu, Inc. (NXUR)
CIK:        0001722969
Form:       8-K
Filed at:   2023-01-30T23:59:59+00:00
Accession:  0001214659-23-001217
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Atlis Motor Vehicles closes $10M second tranche of convertible notes and warrants, netting $9M
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- Investors exercised rights to purchase $5.0M each in 10% discount convertible notes and warrants for total $10.0M principal, $9.0M gross proceeds.
- Notes are senior secured, convertible into Class A common stock; warrants cover shares equal to 30% of note face value.
- Closing expected January 31, 2023, subject to customary conditions.
- Second tranche under November 2022 purchase agreement amendment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1722969/000121465923001217/0001214659-23-001217-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1722969/000121465923001217/r1272328k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-23-001217

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