{"schema_version":"secwatch.filing_event.v1","accession":"0001214659-23-005435","form_type":"8-K","ticker":"NXUR","cik":"0001722969","company_name":"Nxu, Inc.","filed_at":"2023-04-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.233619+00:00","generated_at":"2026-06-17T01:25:22.657256+00:00","sec_items":["2.04","3.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Atlis Motor Vehicles receives Nasdaq bid-price deficiency; convertible notes default triggered, $3.3M due","bullets":["Nasdaq notice for bid price below $1.00 per share; 180-day cure period runs to Oct 8, 2023.","Convertible notes event of default: 10% default interest starts and $3.3M payable (principal + accrued interest) unless waived.","Holders may elect to convert the default amount at an alternative conversion price.","If bid price not cured by Oct 8, company may seek 180-day extension via reverse stock split; otherwise delisting risk."],"urls":{"canonical":"https://secwatch.observer/filing/0001214659-23-005435","json":"https://secwatch.observer/filing/0001214659-23-005435.json","markdown":"https://secwatch.observer/filing/0001214659-23-005435.md","text":"https://secwatch.observer/filing/0001214659-23-005435.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1722969/000121465923005435/0001214659-23-005435-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1722969/000121465923005435/j4142308k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T01:25:22.657256+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"277d1287f4973f5696ddfa365fb4afb1c2ad63ab","claim":"Nxu, Inc. faced acceleration on convertible notes of $3.3 million at 10% per annum.","evidence_excerpt":"On April 11, 2023, the Company also determined that receipt of the Notice of non- constituted an event of default under its convertible notes. As a result, unless waived by the holders, the convertible notes began accruing default interest at a rate of 10% per annum and the Company is obligated to pay to the holders $3.3 million","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1722969/000121465923005435/0001214659-23-005435-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$3.3 million"},{"label":"Rate","value":"10% per annum"},{"label":"Event","value":"acceleration"}],"fact_type":"debt_financing"},{"claim_id":"d83de79a52c73256b9cd93af91866a049dab689e","claim":"Nxu, Inc. received a nasdaq deficiency notice notice regarding minimum bid price.","evidence_excerpt":"April 11, 2023, the Company received the Notice indicating that the Company is not in compliance with the Bid Price Requirement. The Notice has no immediate effect on the listing of the Company’s Class A common stock on Nasdaq and the Company will have 180 calendar days from the date of the Notice in which to regain compliance with the Bid Price Requirement. As a result, the date by which the Company has to regain compliance with the Bid Price Requirement is October 8, 2023. If at any time prior to October 8, 2023, the bid price of the Company’s common stock closes at or above $1.00 per share","evidence_source":"SEC 8-K Item 3.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1722969/000121465923005435/0001214659-23-005435-index.htm","confidence":0.9,"family_label":"Listing & Compliance Notices","details":[{"label":"Exchange","value":"nasdaq"},{"label":"Notice","value":"deficiency notice"},{"label":"Deficiency","value":"minimum bid price"}],"fact_type":"exchange_compliance_notice"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}