secwatch.observer — SEC 8-K summary
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Issuer:     Nxu, Inc. (NXUR)
CIK:        0001722969
Form:       8-K
Filed at:   2023-02-22T23:59:59+00:00
Accession:  0001214659-23-002832
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.04, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1722969/000121465923002832/0001214659-23-002832-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1722969/000121465923002832/e2212318k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-23-002832

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