secwatch.observer — SEC 8-K summary
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Issuer:     Nxu, Inc. (NXUR)
CIK:        0001722969
Form:       8-K
Filed at:   2024-04-05T23:59:59+00:00
Accession:  0001214659-24-006244
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nxu receives Nasdaq delisting notice for bid price non-compliance; 180-day cure to Sep 30, 2024
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- On April 2, 2024, Nxu received Nasdaq notice for failing to meet $1.00 minimum bid price continued listing requirement.
- Company has 180 calendar days, until Sep 30, 2024, to regain compliance by closing at $1.00+ for 10 consecutive days.
- If not cured, may seek additional 180-day period if it meets other initial listing requirements and intends reverse stock split.
- Board approved $90,000 cash stipends to Directors Ide and Nightengale and $40,000 to Director Billingsley for increased duties.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1722969/000121465924006244/0001214659-24-006244-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1722969/000121465924006244/x442408k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-24-006244

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