secwatch.observer — SEC 8-K summary
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Issuer:     Nxu, Inc. (NXUR)
CIK:        0001722969
Form:       8-K
Filed at:   2023-10-11T23:59:59+00:00
Accession:  0001214659-23-013312
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Nxu receives Nasdaq delisting notice for bid price non-compliance, plans hearing
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- Nasdaq notified Nxu on Oct 10, 2023 that common stock will be suspended on Oct 19 unless hearing requested.
- Company failed to regain compliance with $1.00 minimum bid price within 180-day grace period ending Oct 9.
- Also non-compliant with $2.5M minimum stockholders' equity requirement under Listing Rule 5550(b)(1).
- Nxu plans to timely request a hearing before the Nasdaq Hearings Panel by Oct 17 to stay suspension.
- No assurance that appeal will be successful or that compliance will be achieved within any extension.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1722969/000121465923013312/0001214659-23-013312-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1722969/000121465923013312/z10102338k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-23-013312

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