---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-24-017876"
form_type: "8-K"
ticker: "NXUR"
cik: "0001722969"
company_name: "Nxu, Inc."
filed_at: "2024-10-24T23:59:59+00:00"
generated_at: "2026-05-30T10:33:53.816522+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Nxu to merge with Verde Bioresins; Verde stockholders to own ~95% post-merger

## Summary
- Nxu enterprise value ~$16.2M; Verde ~$306.9M; Verde stockholders ~95% post-merger.
- Current Nxu directors (except Jessica Billingsley) resign; new board with six Verde, one Nxu appointee.
- Post-merger company renamed Verde Bioresins, Corp.; ticker to change to VRDE.
- Sarah Wyant appointed CFO; exec employment agreements amended with financing bonuses and severance.
- Verde must pay Nxu $1M termination fee if Verde stockholders fail to approve merger.

## SEC filing metadata
- accession: 0001214659-24-017876
- form_type: 8-K
- ticker: NXUR
- cik: 0001722969
- company_name: Nxu, Inc.
- filed_at: 2024-10-24T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1722969/000121465924017876/0001214659-24-017876-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1722969/000121465924017876/u10212428k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-24-017876
- JSON: https://secwatch.observer/filing/0001214659-24-017876.json
- Plain text: https://secwatch.observer/filing/0001214659-24-017876.txt

## Key facts
- Executive change
  Sarah Wyant was appointed as Chief Financial Officer at Nxu, Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: The Nxu Board also appointed Sarah Wyant (together with the Executives, the “Nxu Executives”), Nxu’s Interim Chief Financial Officer, to serve as Nxu’s Chief Financial Officer, effective on October 23, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1722969/000121465924017876/0001214659-24-017876-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.