Nxu receives Nasdaq non-compliance notice over audit committee vacancy

Nxu, Inc.

Nasdaq notified Nxu on Sept 4, 2024 that audit committee fails requirement after director Caryn Nightengale did not stand for re-election.
Audit Committee now has two independent directors and one vacancy.
Cure period: until earlier of next annual meeting or Aug 14, 2025; if next meeting before Feb 10, 2025, deadline Feb 10, 2025.
Company plans to appoint an additional independent director to Board and Audit Committee promptly.
Notice does not immediately affect listing or trading of NXU stock on Nasdaq Capital Market.

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