Nxu enters $14.7M at-the-market equity offering with H.C. Wainwright

Nxu, Inc.

Up to $14,726,892 of Class A common stock may be sold at the market through H.C. Wainwright as sales agent.
Commission of 3.0% of gross proceeds; Wainwright also reimbursed up to $65,000 in legal fees.
Company not obligated to sell; may suspend or terminate offering at any time.
Shares sold under existing effective S-3 shelf registration statement filed Oct 30, 2023.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Nxu, Inc. entered into At The Market Offering Agreement with H.C. Wainwright & Co., LLC valued at up to $14,726,892 (effective 2023-11-24).

Action: entry
Agreement: atm program
Counterparty: H.C. Wainwright & Co., LLC
Value: up to $14,726,892
Effective: 2023-11-24

Exact text from the filing

On November 24, 2023, Nxu, Inc. (the “Company”) entered into an At The Market Offering Agreement (the “Agreement”) by and between H.C. Wainwright & Co., LLC (“Wainwright”), as sales agent, with respect to an at-the-market offering program under which the Company may offer and sell, from time to time at its sole discretion, in transactions that are deemed to be “at the market” offerings as defined in Rule 415 under the Securities Act of 1933, as amended (the “Securities Act”), shares of its Class A common stock, par value $0.0001 per share (the “Shares”).

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Nxu, Inc. filing history →

Source: SEC EDGAR

accession 0001214659-23-015534

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