Nxu files S-4 for merger with Verde; Verde holders to own ~95% of combined co.

Nxu, Inc.

Nxu filed S-4 with SEC for all-stock merger with Verde Bioresins; closing expected Q1 2025.
Pre-merger Verde stockholders will own ~95% of combined company, Nxu ~5%.
Nxu ascribed enterprise value ~$16.2M; Verde ~$306.9M.
Combined company to be renamed Verde Bioresins, Corp; new Nasdaq ticker VRDE.
Merger subject to stockholder approvals, SEC effectiveness, and Nasdaq listing.

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