secwatch.observer — SEC 8-K summary
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Issuer:     Nxu, Inc. (NXUR)
CIK:        0001722969
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0001214659-23-011126
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.04, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nxu prices $5M public offering of units at $0.30 per unit
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- Priced public offering of 16,666,667 units at $0.30/unit for gross proceeds of ~$5M.
- Each unit consists of one share of Class A common stock (or pre-funded warrant) and one warrant exercisable for two shares at $0.30.
- Warrants are immediately exercisable and expire three years from issuance.
- Company agreed to amend Series B warrants held by certain investors; they will be exchanged for shares and extinguished at closing.
- A.G.P./Alliance Global Partners and Maxim Group LLC acted as placement agents; fees 8% of gross proceeds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1722969/000121465923011126/0001214659-23-011126-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1722969/000121465923011126/b8112368k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-23-011126

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