8-K12G3
filed May 12, 2023, 7:59 PM ET
ticker NXUR
CIK 0001722969
other material
confidence high
sentiment neutral
materiality 0.60
Nxu, Inc. (NXUR): M&A transaction — Atlis Motor Vehicles completes reorganization into Nxu, Inc.; shares convert 1:1, trading to begin under 'NXU' on May 15
Nxu, Inc.
- All Atlis Class A and Class D shares converted 1:1 into Nxu Class A and Class B common stock.
- Nxu to trade on Nasdaq under ticker NXU starting May 15; existing directors and officers unchanged.
- New employment agreements for CEO Hanchett, President Pratt, and CFO Dwivedi with base salary of $200,000, rising to $300,000 on milestones.
- Severance provides 12-month salary continuation and equity vesting for involuntary termination without cause or for good reason.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Annie Pratt was appointed as President at Nxu, Inc..
- Action
- appointed
- Role
- President
Exact text from the filing
On May 12, 2023, as of immediately following the effective time of the Reorganization Merger, the directors and executive officers of Atlis immediately prior to the Reorganization Merger were appointed to the same respective positions with Nxu.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Caryn Nightengale was appointed as Director at Nxu, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On May 12, 2023, as of immediately following the effective time of the Reorganization Merger, the directors and executive officers of Atlis immediately prior to the Reorganization Merger were appointed to the same respective positions with Nxu.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mark Hanchett was appointed as Chief Executive Officer at Nxu, Inc..
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
On May 12, 2023, as of immediately following the effective time of the Reorganization Merger, the directors and executive officers of Atlis immediately prior to the Reorganization Merger were appointed to the same respective positions with Nxu.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Apoorv Dwivedi was appointed as Chief Financial Officer at Nxu, Inc..
- Action
- appointed
- Role
- Chief Financial Officer
Exact text from the filing
On May 12, 2023, as of immediately following the effective time of the Reorganization Merger, the directors and executive officers of Atlis immediately prior to the Reorganization Merger were appointed to the same respective positions with Nxu.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Britt Ide was appointed as Director at Nxu, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On May 12, 2023, as of immediately following the effective time of the Reorganization Merger, the directors and executive officers of Atlis immediately prior to the Reorganization Merger were appointed to the same respective positions with Nxu.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Nxu, Inc. underwent a change of control involving Nxu, Inc. (closed 2023-05-12).
- Action
- change of control
- Counterparty
- Nxu, Inc.
- Closing
- 2023-05-12
Exact text from the filing
On May 12, 2023, Atlis Motor Vehicles Inc. (“Atlis”) completed its previously announced reorganization merger pursuant to the Agreement and Plan of Merger, dated as of April 16, 2023 (the “Reorganization Agreement”), by and among Atlis, Nxu, Inc., a Delaware Corporation (“Nxu”), and Atlis Merger Sub, Inc., a Delaware corporation and, as of immediately prior to the consummation of such merger, a wholly-owned subsidiary of Nxu (“Merger Sub”).
View on SEC.gov
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