Nxu, Inc. (NXUR): Nasdaq/NYSE listing notice — Nxu receives Nasdaq delisting notice for failing $2.5M equity requirement

Nxu, Inc.

Received Nasdaq notice on Aug 29, 2023: stockholders' equity below $2.5M minimum.
Must submit compliance plan by Oct 13, 2023; if accepted, up to 180-day extension.
Company does not meet alternative listing standards (market value or net income).
Failure to regain compliance may result in delisting; appeal rights available.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Nxu, Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 5550(b)(1)

Exact text from the filing

August 29, 2023, Nxu, Inc. (the “Company”) received a notice (“Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) stating that, based on Nasdaq’s review of the Company’s Form 10-Q for the period ended June 30, 2023, the Company’s reported stockholders’ equity no longer meets the minimum stockholders’ equity of $2,500,000 required for continued listing of the Company’s Class A common stock on Nasdaq under Nasdaq Listing Rule 5550(b)(1) (the “Rule”). The Company does not meet any of the alternatives of market value of listed securities or net income from continued operations to otherwise satis

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Nxu, Inc. filing history →

Source: SEC EDGAR

accession 0001214659-23-011999

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