Nxu approves 1-for-150 reverse stock split to regain Nasdaq $1.00 minimum bid compliance

Nxu, Inc.

Board approved a 1-for-150 reverse stock split of Class A common stock, effective after market close Dec 26, 2023.
Stockholders had approved the split via written consent on Nov 2, with board setting final ratio.
Split aims to raise per-share price above the Nasdaq minimum $1.00 average closing price requirement.
No fractional shares; any fractional entitlements will be rounded up to one full share.
Common stock will trade under same ticker NXU with new CUSIP 62956D204 beginning Dec 27.

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