--- schema_version: "secwatch.filing_event.v1" accession: "0001214659-23-016914" form_type: "8-K" ticker: "NXUR" cik: "0001722969" company_name: "Nxu, Inc." filed_at: "2023-12-27T23:59:59+00:00" generated_at: "2026-06-07T06:56:34.959334+00:00" event_type: "m_and_a" sentiment: "positive" materiality_score: 0.75 calibrated_materiality_score: 0.75 confidence: "high" source: SEC EDGAR --- # Nxu acquires 15% of Lynx Motors via share exchange; executes 1-for-150 reverse stock split ## Summary - Acquired 15% of Lynx Motors; issued 1,000 Series A preferred shares convertible into common, valued at $3M. - Provided $250,000 non-interest bridge loan to Lynx; gets one board seat. - Effected 1-for-150 reverse stock split on Dec 26, 2023; began trading split-adjusted Dec 27. - Company believes it regained compliance with Nasdaq minimum bid price and equity requirements; awaits confirmation. - Transaction increases shareholder equity and supports continued listing on Nasdaq. ## SEC filing metadata - accession: 0001214659-23-016914 - form_type: 8-K - ticker: NXUR - cik: 0001722969 - company_name: Nxu, Inc. - filed_at: 2023-12-27T23:59:59+00:00 - event_type: m_and_a - sentiment: positive - materiality_score: 0.75 - calibrated_materiality_score: 0.75 - confidence: high - sec_items: 1.01, 3.02, 5.03, 7.01, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1722969/000121465923016914/0001214659-23-016914-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1722969/000121465923016914/o12192328k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001214659-23-016914 - JSON: https://secwatch.observer/filing/0001214659-23-016914.json - Plain text: https://secwatch.observer/filing/0001214659-23-016914.txt ## Key facts - Governance Changes Nxu, Inc.: Filed Certificate of Designations for Series A Convertible Preferred Stock, setting forth rights, preferences, and privileges of the new series (effective 2023-12-22). - Change: charter amendment - Effective: 2023-12-22 source text: On December 22, 2023, the Company filed a Certificate of Designations of Series A Convertible Preferred Stock (the “ Certificate of Designations ”) with the Secretary of State of the State of Delaware, which sets forth the rights, preferences, and privileges of the Series A Preferred Stock. evidence_url: https://www.sec.gov/Archives/edgar/data/1722969/000121465923016914/0001214659-23-016914-index.htm - Governance Changes Nxu, Inc.: Filed Certificate of Amendment to effect a 1-for-150 reverse stock split of Class A Common Stock, effective after market close on December 26, 2023 (effective 2023-12-26). - Change: charter amendment - Effective: 2023-12-26 source text: On December 26, 2023, the Company filed a Certificate of Amendment to the Certificate of Incorporation (the “ Certificate of Amendment ”) with the Secretary of State of the State of Delaware to effect a reverse stock split (the “ Reverse Stock Split ”) of the Class A Common Stock at a ratio of 1-for-150 (the “ Reverse Stock Split Ratio ”). evidence_url: https://www.sec.gov/Archives/edgar/data/1722969/000121465923016914/0001214659-23-016914-index.htm - Material Agreements Nxu, Inc. entered into Share Exchange Agreement with Lynks Motor Corporation (d/b/a Lynx Motor Corporation) valued at 15% equity interest in Lynx in exchange for 1,000 Series A convertible preferred shares; $250,000 pr (effective 2023-12-27). - Action: entry - Agreement: equity purchase - Counterparty: Lynks Motor Corporation (d/b/a Lynx Motor Corporation) - Value: 15% equity interest in Lynx in exchange for 1,000 Series A convertible preferred shares; $250,000 pr - Effective: 2023-12-27 source text: On December 27, 2023, Nxu, Inc. (the “ Company ”) entered into a share exchange agreement (the “ Share Exchange Agreement ”) with Lynks Motor Corporation (d/b/a Lynx Motor Corporation), a Delaware corporation (“ Lynx ”), pursuant to which Lynx sold to the Company, and the Company purchased from Lynx, a number of newly issued shares of Lynx representing 15% of the issued and outstanding equity interests in Lynx as of, and after giving effect to, the Closing (as defined below), in exchange for 1,000 newly issued shares of Series A convertible preferred stock, par value $0.0001 per share, of the Company (the “ Series A Preferred Stock ”), which are convertible into shares of Class A common stock, par value $0.0001 per share, of the Company (“ Class A Common Stock ”) upon the terms and subject to the conditions set forth in the Certificate of Designations (as defined below) (such transaction, the “ Private Placement ”). evidence_url: https://www.sec.gov/Archives/edgar/data/1722969/000121465923016914/0001214659-23-016914-index.htm - Material Agreements Nxu, Inc. entered into Registration Rights Agreement with Lynks Motor Corporation (d/b/a Lynx Motor Corporation) valued at Company agreed to file registration statement for resale of Class A Common Stock issuable upon conve (effective 2023-12-27). - Action: entry - Counterparty: Lynks Motor Corporation (d/b/a Lynx Motor Corporation) - Value: Company agreed to file registration statement for resale of Class A Common Stock issuable upon conve - Effective: 2023-12-27 source text: Concurrently with the Closing, the Company also entered into a registration rights agreement (the “ Registration Rights Agreement ”) with Lynx, pursuant to which the Company agreed to file a registration statement (a “ Registration Statement ”) with the Securities and Exchange Commission (the “ Commission ”) registering the resale of the Class A Common Stock issuable upon conversion of the Series A Preferred Stock within forty-five (45) days after the Closing, and to cause any such Registration Statement to become effective as promptly as practicable after filing. evidence_url: https://www.sec.gov/Archives/edgar/data/1722969/000121465923016914/0001214659-23-016914-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.