Nxu, Inc. (NXUR): Nasdaq/NYSE listing notice — Nxu receives Nasdaq delisting notice after failing to meet minimum bid price; trading suspended April 10

Nxu, Inc.

Reverse stock split (1-for-20) effective March 31 did not cure minimum bid price deficiency by extended compliance deadline.
Nasdaq notified April 1; trading on Nasdaq CM will be suspended at open on April 10, 2025.
Company requested a hearing with Nasdaq Hearing Panel on April 7; suspension not stayed during appeal.
Stock has traded above $1 for five consecutive days post-split, but no assurance of regaining compliance.
Pending merger with Verde Bioresins not completed within compliance period; listing application filed for combined entity.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.82

Nxu, Inc. received a nasdaq compliance regained notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A), 5815(a)(1)(B)(ii)(d)).

Exchange: nasdaq
Notice: compliance regained
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A), 5815(a)(1)(B)(ii)(d)

Exact text from the filing

ance Period. As a result, the Company’s securities will be suspended from trading on Nasdaq CM at the opening of business on April 10, 2025. On April 7, 2025, the Company requested a hearing to appeal the Staff’s determination to Nasdaq’s Hearing Panel (the “Panel”). Pursuant to Nasdaq Listing Rule 5815(a)(1)(B)(ii)(d), the timely request for a hearing will not stay the trading suspension of the Company’s securities. The Company intends to provide a plan to regain compliance with the Minimum Bid Price Requirement to the Panel. Although the closing bid price of Company’s Class A common stock ha

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Nxu, Inc. filing history →

Source: SEC EDGAR

accession 0001214659-25-005535

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