secwatch.observer — SEC 8-K summary
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Issuer:     Nxu, Inc. (NXUR)
CIK:        0001722969
Form:       8-K
Filed at:   2023-12-22T23:59:59+00:00
Accession:  0001214659-23-016726
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1722969/000121465923016726/0001214659-23-016726-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1722969/000121465923016726/j1282308k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-23-016726

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer