---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-23-002832"
form_type: "8-K"
ticker: "NXUR"
cik: "0001722969"
company_name: "Nxu, Inc."
filed_at: "2023-02-22T23:59:59+00:00"
generated_at: "2026-06-19T05:09:21.006493+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Atlis Motor Vehicles closes $13M public offering of 8.3M units at $1.56/unit

## Summary
- Offering of 8,334,000 units closed Feb 21, 2023; each unit includes 1 share (or pre-funded warrant), 0.65 Series A warrants, and 0.75 Series B warrants.
- Gross proceeds ~$13M; net proceeds for general corporate purposes and potential prepayment of up to 40% of outstanding convertible notes.
- Series A warrants exercisable immediately at $1.56, expire in 5 years; Series B warrants exercisable after corporate reorganization or stockholder approval.
- Maxim Group LLC acted as sole placement agent, receiving 7% fee plus $100,000 expense reimbursement.

## SEC filing metadata
- accession: 0001214659-23-002832
- form_type: 8-K
- ticker: NXUR
- cik: 0001722969
- company_name: Nxu, Inc.
- filed_at: 2023-02-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.04, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1722969/000121465923002832/0001214659-23-002832-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1722969/000121465923002832/e2212318k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-23-002832
- JSON: https://secwatch.observer/filing/0001214659-23-002832.json
- Plain text: https://secwatch.observer/filing/0001214659-23-002832.txt

## Key facts
- Material Agreements
  Nxu, Inc. entered into Purchase Agreement with certain investors named therein (effective 2023-02-15).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain investors named therein
  - Effective: 2023-02-15
  source text: On February 15, 2023, the Company entered into a securities purchase agreement (the “Purchase Agreement”) with certain investors named therein (the “Purchasers")
  evidence_url: https://www.sec.gov/Archives/edgar/data/1722969/000121465923002832/0001214659-23-002832-index.htm
- Material Agreements
  Nxu, Inc. entered into Warrant Agency Agreement with American Stock Transfer & Trust Company, LLC (effective 2023-02-21).
  - Action: entry
  - Counterparty: American Stock Transfer & Trust Company, LLC
  - Effective: 2023-02-21
  source text: On February 21, 2023, the Company entered into a warrant agency agreement with the Company’s transfer agent, American Stock Transfer & Trust Company , LLC, who is also acting as the warrant agent for the Company, setting forth the terms and conditions of the Warrants and any Pre-Funded Warrants sold in the Offering (the “Warrant Agency Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1722969/000121465923002832/0001214659-23-002832-index.htm
- Material Agreements
  Nxu, Inc. entered into Placement Agency Agreement with Maxim Group LLC (effective 2023-02-15).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Maxim Group LLC
  - Effective: 2023-02-15
  source text: In connection with the Offering, on February 15, 2023, the Company entered into a securities purchase agreement (the “Purchase Agreement”) with certain investors named therein (the “Purchasers”), and a placement agency agreement (the “Placement Agency Agreement”) with Maxim Group LLC (the “Placement Agent")
  evidence_url: https://www.sec.gov/Archives/edgar/data/1722969/000121465923002832/0001214659-23-002832-index.htm

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