Atlis Motor Vehicles proposes rebranding as Nxu, Inc. and holding company reorganization

Nxu, Inc.

Atlis to become operating subsidiary of new holding company Nxu, Inc., subject to stockholder vote.
Special meeting to vote on reorganization, new charter/bylaws, and equity compensation plan on May 9, 2023.
New charter authorizes additional shares for future strategic objectives like projects, acquisitions, or debt repayment.
Rebranding and holding company structure aimed at asset protection, tax efficiency, and flexibility.
Meeting details: May 9, 2023, 8am PT/11am ET, online at www.virtualshareholdermeeting.com/AMV2023SM.

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