Nxu announces 1-for-20 reverse stock split effective March 31, 2025

Nxu, Inc.

Reverse stock split at 1-for-20 ratio, effective 12:01 a.m. ET on March 31, 2025.
Trading on Nasdaq under symbol 'NXU' on split-adjusted basis from market open March 31.
Fractional shares rounded up to nearest whole share; no change in authorized shares.
Split intended to meet Nasdaq minimum bid price and other listing requirements.
Proportionate adjustments to outstanding options, warrants, and equity awards.

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