---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-23-013798"
form_type: "8-K"
ticker: "NXUR"
cik: "0001722969"
company_name: "Nxu, Inc."
filed_at: "2023-10-23T23:59:59+00:00"
generated_at: "2026-06-09T16:55:10.426910+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Nxu closes $3.0M public offering of 86M shares at $0.035/share

## Summary
- Offering of 86,000,000 shares of Class A common stock at $0.035 per share, gross proceeds ~$3.0M.
- Maxim Group LLC acted as sole placement agent; fee of 6.5% of gross proceeds plus $50K expense reimbursement.
- Proceeds to be used for general corporate purposes, including operating expenses and EV charging product development.
- Convertible note holders can require prepayment of up to 20% of gross proceeds; ~$1.3M of notes outstanding.
- Executive officers and directors subject to 30-day lockup on share sales without placement agent consent.

## SEC filing metadata
- accession: 0001214659-23-013798
- form_type: 8-K
- ticker: NXUR
- cik: 0001722969
- company_name: Nxu, Inc.
- filed_at: 2023-10-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.04, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1722969/000121465923013798/0001214659-23-013798-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1722969/000121465923013798/b10202338k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-23-013798
- JSON: https://secwatch.observer/filing/0001214659-23-013798.json
- Plain text: https://secwatch.observer/filing/0001214659-23-013798.txt

## Key facts
- Material Agreements
  Nxu, Inc. entered into Purchase Agreement with certain investors named therein (effective 2023-10-19).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain investors named therein
  - Effective: 2023-10-19
  source text: On October 19, 2023, the Company entered into a securities purchase agreement (the "Purchase Agreement") with certain investors named therein (the "Purchasers")
  evidence_url: https://www.sec.gov/Archives/edgar/data/1722969/000121465923013798/0001214659-23-013798-index.htm
- Material Agreements
  Nxu, Inc. entered into Placement Agency Agreement with Maxim Group LLC (effective 2023-10-19).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Maxim Group LLC
  - Effective: 2023-10-19
  source text: On October 19, 2023, the Company entered into a securities purchase agreement (the "Purchase Agreement") with certain investors named therein (the "Purchasers"), and a placement agency agreement (the "Placement Agency Agreement") with Maxim Group LLC (the "Placement Agent")
  evidence_url: https://www.sec.gov/Archives/edgar/data/1722969/000121465923013798/0001214659-23-013798-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.