Jessica Billingsley resigned as Board at Nxu, Inc..
“On June 23, 2025, Jessica Billingsley resigned from the Board, effective as of June 23, 2025.”
Nxu, Inc. — fact timeline
Source-grounded facts extracted from Nxu, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
Sarah Wyant resigned as Chief Financial Officer of the Company at Nxu, Inc..
“On June 16, 2025, the Company received notices of resignation from Annie Pratt, resigning from her role as President of the Company and from the Board, and Sarah Wyant, resigning from her role as Chief Financial Officer of the Company, each effective as of June 16, 2025.”
Annie Pratt resigned as President of the Company at Nxu, Inc..
“On June 16, 2025, the Company received notices of resignation from Annie Pratt, resigning from her role as President of the Company and from the Board, and Sarah Wyant, resigning from her role as Chief Financial Officer of the Company, each effective as of June 16, 2025.”
Nxu, Inc. received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).
“April 1, 2025, the Company received a letter from the Staff notifying the Company that it had not regained compliance with the Minimum Bid Price Requirement for continued listing on Nasdaq and that, as a result, the Company’s securities would be subject to delisting. Although the Reverse Stock Split had become effective on March 31, 2025, the shares of Class A common stock had not maintained a minimum bid price of $1.00 per share for a minimum of 10 consecutive business days during the applicable compliance period. The Company subsequently appealed the Staff’s determination to Nasdaq’s Hearing”
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)).
“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”
Nxu, Inc.: Filed an amendment to Certificate of Incorporation to effect a 1-for-20 reverse stock split of Class A common stock (effective 2025-03-31).
“On March 28, 2025, Nxu, Inc., a Delaware corporation (the “Company”), filed an amendment (the “Amendment”) to its Certificate of Incorporation (as amended, the “Certificate of Incorporation”) with the Secretary of State of the State of Delaware to effect a reverse stock split of the Company’s Class A common stock, par value $0.0001 (the “Common Stock”), at a ratio of 1-for-20 (the “Reverse Stock Split”), with an effective time of 12:01 a.m. Eastern Time on March 31, 2025.”
Erin Essenmacher was elected as Director at Nxu, Inc..
“On January 13, 2025, the Board of Directors (the “Board”) of Nxu, Inc. (the “Company”) elected Erin Essenmacher to serve as a director on the Board, effective immediately, to fill the vacancy on the Board.”
Sarah Wyant was appointed as Chief Financial Officer at Nxu, Inc..
“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.”
Nxu, Inc. announced a restructuring with charges of approximately $837,000 affecting product, engineering, manufacturing and general and administrative functions.
“On May 8, 2024, Nxu, Inc (the “Company”) committed to reducing its headcount under a plan of termination as part of the Company’s efforts to reduce operating expenses and conserve cash resources in light of its intention to evaluate strategic alternatives. The plan of termination primarily impacts employees across the Company’s product, engineering, manufacturing and general and administrative functions. The Company expects the headcount reduction to be complete by May 10, 2024. The Company expects to record approximately $837,000 of charges in the second quarter of 2024 related to employee severance costs.”
Caryn Nightengale departed as Director at Nxu, Inc..
“On April 17, 2024, Caryn Nightengale notified the board of directors (the “Board”) of Nxu, Inc (the ”Company”) of her decision not to stand for reelection to the Board at the expiration of her current term at the Company’s 2024 Annual Metting of Stockholders (the “2024 Annual Meeting”) scheduled for June 14, 2024.”
Nxu, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).
“April 2, 2024, Nxu Inc. (the “Company”) received a notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company is not in compliance with the $1.00 minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on the Nasdaq Capital Market (the “Bid Price Requirement”). The Notice has no immediate effect on the listing of the Company’s Class A common stock on Nasdaq and, in accordance with Nasdaq Listing Rules, the Company will have 180 calendar days, or until September 30, 2024, to regain compliance with the Bid Price Requirement.”
Nxu, Inc. received a nasdaq deficiency notice notice regarding shareholders (rules 5620(a)).
“January 9, 2024, the Listing Qualifications Department (the “Staff”) of Nasdaq notified the Company that it failed to hold an annual meeting of shareholders within twelve months of the end of the Company’s fiscal year ended December 31, 2022, which was required to be held pursuant to Nasdaq Listing Rule 5620(a). Following the Staff’s delisting determination letter dated October 10, 2023, and in accordance with Nasdaq Listing Rule 5810(c)(2)(A), the Staff cannot consider a plan to regain compliance with Nasdaq Listing Rule 5620(a) since the Company appealed a previous delisting determination. A”
Nxu, Inc.: Filed Certificate of Amendment to effect a 1-for-150 reverse stock split of Class A Common Stock, effective after market close on December 26, 2023 (effective 2023-12-26).
“On December 26, 2023, the Company filed a Certificate of Amendment to the Certificate of Incorporation (the “ Certificate of Amendment ”) with the Secretary of State of the State of Delaware to effect a reverse stock split (the “ Reverse Stock Split ”) of the Class A Common Stock at a ratio of 1-for-150 (the “ Reverse Stock Split Ratio ”).”
Nxu, Inc.: Filed Certificate of Designations for Series A Convertible Preferred Stock, setting forth rights, preferences, and privileges of the new series (effective 2023-12-22).
“On December 22, 2023, the Company filed a Certificate of Designations of Series A Convertible Preferred Stock (the “ Certificate of Designations ”) with the Secretary of State of the State of Delaware, which sets forth the rights, preferences, and privileges of the Series A Preferred Stock.”
Nxu, Inc. entered into Registration Rights Agreement with Lynks Motor Corporation (d/b/a Lynx Motor Corporation) valued at Company agreed to file registration statement for resale of Class A Common Stock issuable upon conve (effective 2023-12-27).
“Concurrently with the Closing, the Company also entered into a registration rights agreement (the “ Registration Rights Agreement ”) with Lynx, pursuant to which the Company agreed to file a registration statement (a “ Registration Statement ”) with the Securities and Exchange Commission (the “ Commission ”) registering the resale of the Class A Common Stock issuable upon conversion of the Series A Preferred Stock within forty-five (45) days after the Closing, and to cause any such Registration Statement to become effective as promptly as practicable after filing.”
Nxu, Inc. entered into Share Exchange Agreement with Lynks Motor Corporation (d/b/a Lynx Motor Corporation) valued at 15% equity interest in Lynx in exchange for 1,000 Series A convertible preferred shares; $250,000 pr (effective 2023-12-27).
“On December 27, 2023, Nxu, Inc. (the “ Company ”) entered into a share exchange agreement (the “ Share Exchange Agreement ”) with Lynks Motor Corporation (d/b/a Lynx Motor Corporation), a Delaware corporation (“ Lynx ”), pursuant to which Lynx sold to the Company, and the Company purchased from Lynx, a number of newly issued shares of Lynx representing 15% of the issued and outstanding equity interests in Lynx as of, and after giving effect to, the Closing (as defined below), in exchange for 1,000 newly issued shares of Series A convertible preferred stock, par value $0.0001 per share, of the Company (the “ Series A Preferred Stock ”), which are convertible into shares of Class A common stock, par value $0.0001 per share, of the Company (“ Class A Common Stock ”) upon the terms and subject to the conditions set forth in the Certificate of Designations (as defined below) (such transaction, the “ Private Placement ”).”
Sarah Wyant was appointed as Interim Chief Financial Officer at Nxu, Inc..
“In the interim, the Company’s Vice President of Finance, Sarah Wyant, will be named Interim Chief Financial Officer and will assume the duties as the principal financial officer and principal accounting officer for the Company.”
Apoorv Dwivedi resigned as Chief Financial Officer at Nxu, Inc..
“On December 4, 2023 Nxu, Inc. (the “Company”) received a notice of resignation from its Chief Financial Officer, Apoorv Dwivedi, effective January 12, 2024.”
Nxu, Inc. entered into At The Market Offering Agreement with H.C. Wainwright & Co., LLC valued at up to $14,726,892 (effective 2023-11-24).
“On November 24, 2023, Nxu, Inc. (the “Company”) entered into an At The Market Offering Agreement (the “Agreement”) by and between H.C. Wainwright & Co., LLC (“Wainwright”), as sales agent, with respect to an at-the-market offering program under which the Company may offer and sell, from time to time at its sole discretion, in transactions that are deemed to be “at the market” offerings as defined in Rule 415 under the Securities Act of 1933, as amended (the “Securities Act”), shares of its Class A common stock, par value $0.0001 per share (the “Shares”).”
Nxu, Inc. entered into Placement Agency Agreement with Maxim Group LLC (effective 2023-10-19).
“On October 19, 2023, the Company entered into a securities purchase agreement (the "Purchase Agreement") with certain investors named therein (the "Purchasers"), and a placement agency agreement (the "Placement Agency Agreement") with Maxim Group LLC (the "Placement Agent")”
Nxu, Inc. entered into Purchase Agreement with certain investors named therein (effective 2023-10-19).
“On October 19, 2023, the Company entered into a securities purchase agreement (the "Purchase Agreement") with certain investors named therein (the "Purchasers")”
Nxu, Inc. received a nasdaq noncompliance notice notice regarding stockholders equity (rules 5550(b)(1)).
“August 29, 2023, Staff notified the Company that it failed to comply with Nasdaq’s $2,500,000 minimum stockholders’ equity requirement for continued listing as set forth in Listing Rule 5550(b)(1) (the “Equity Rule”). The Company intends to address its noncompliance with the Equity Rule at the hearing before the Panel as well. There can be no assurance that the appeal will be successful, that the Panel will grant the Company’s request for continued listing or that the Company will evidence compliance within any extension period that may be granted by the Panel. SIGNATURE Pursuant to the requir”
Nxu, Inc. received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(b)(1)).
“ion of the events that it believes will enable it to regain compliance. Additionally, as previously disclosed, on August 29, 2023, Staff notified the Company that it failed to comply with Nasdaq’s $2,500,000 minimum stockholders’ equity requirement for continued listing as set forth in Listing Rule 5550(b)(1) (the “Equity Rule”). The Company intends to address its noncompliance with the Equity Rule at the hearing before the Panel as well. There can be no assurance that the appeal will be successful, that the Panel will grant the Company’s request for continued listing or that the Company will”
Nxu, Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).
“August 29, 2023, Nxu, Inc. (the “Company”) received a notice (“Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) stating that, based on Nasdaq’s review of the Company’s Form 10-Q for the period ended June 30, 2023, the Company’s reported stockholders’ equity no longer meets the minimum stockholders’ equity of $2,500,000 required for continued listing of the Company’s Class A common stock on Nasdaq under Nasdaq Listing Rule 5550(b)(1) (the “Rule”). The Company does not meet any of the alternatives of market value of listed securities or net income from continued operations to otherwise satis”
Nxu, Inc. entered into Placement Agency Agreement with A.G.P./Alliance Global Partners and Maxim Group LLC valued at 8.0% of the gross proceeds raised in the Offering (effective 2023-08-08).
“and a placement agency agreement (the “Placement Agency Agreement”) with A.G.P./Alliance Global Partners and Maxim Group LLC (the “Placement Agents”)”
Nxu, Inc. entered into Purchase Agreement with certain investors named therein valued at aggregate gross proceeds of approximately $5 million (effective 2023-08-08).
“on August 8, 2023, the Company entered into a securities purchase agreement (the “Purchase Agreement”) with certain investors named therein (the “Purchasers”)”
Jessica Billingsley was appointed as Independent Director at Nxu, Inc..
“on June 20, 2023, the Board of Directors (the “Board”) of the Company elected Jessica Billingsley as an independent director.”
Nxu, Inc. underwent a change of control involving Nxu, Inc. (closed 2023-05-12).
“On May 12, 2023, Atlis Motor Vehicles Inc. (“Atlis”) completed its previously announced reorganization merger pursuant to the Agreement and Plan of Merger, dated as of April 16, 2023 (the “Reorganization Agreement”), by and among Atlis, Nxu, Inc., a Delaware Corporation (“Nxu”), and Atlis Merger Sub, Inc., a Delaware corporation and, as of immediately prior to the consummation of such merger, a wholly-owned subsidiary of Nxu (“Merger Sub”).”
Nxu, Inc. underwent a change of control involving Nxu, Inc. (closed 2023-05-12).
“On May 12, 2023, Atlis Motor Vehicles Inc. (“Atlis”) completed its previously announced reorganization merger pursuant to the Agreement and Plan of Merger, dated as of April 16, 2023 (the “Reorganization Agreement”), by and among Atlis, Nxu, Inc., a Delaware Corporation (“Nxu”), and Atlis Merger Sub, Inc., a Delaware corporation and, as of immediately prior to the consummation of such merger, a wholly-owned subsidiary of Nxu (“Merger Sub”).”
Caryn Nightengale was appointed as Director at Nxu, Inc..
“On May 12, 2023, as of immediately following the effective time of the Reorganization Merger, the directors and executive officers of Atlis immediately prior to the Reorganization Merger were appointed to the same respective positions with Nxu.”
Britt Ide was appointed as Director at Nxu, Inc..
“On May 12, 2023, as of immediately following the effective time of the Reorganization Merger, the directors and executive officers of Atlis immediately prior to the Reorganization Merger were appointed to the same respective positions with Nxu.”
Apoorv Dwivedi was appointed as Chief Financial Officer at Nxu, Inc..
“On May 12, 2023, as of immediately following the effective time of the Reorganization Merger, the directors and executive officers of Atlis immediately prior to the Reorganization Merger were appointed to the same respective positions with Nxu.”
Annie Pratt was appointed as President at Nxu, Inc..
“On May 12, 2023, as of immediately following the effective time of the Reorganization Merger, the directors and executive officers of Atlis immediately prior to the Reorganization Merger were appointed to the same respective positions with Nxu.”
Mark Hanchett was appointed as Chief Executive Officer at Nxu, Inc..
“On May 12, 2023, as of immediately following the effective time of the Reorganization Merger, the directors and executive officers of Atlis immediately prior to the Reorganization Merger were appointed to the same respective positions with Nxu.”
Caryn Nightengale was appointed as director at Nxu, Inc..
“the directors of Atlis immediately following the consummation of the Reorganization Merger, but prior to the completion of the Conversion, were Mark Hanchett, Annie Pratt, Britt Ide and Caryn Nightengale.”
Britt Ide was appointed as director at Nxu, Inc..
“the directors of Atlis immediately following the consummation of the Reorganization Merger, but prior to the completion of the Conversion, were Mark Hanchett, Annie Pratt, Britt Ide and Caryn Nightengale.”
Annie Pratt was appointed as director at Nxu, Inc..
“the directors of Atlis immediately following the consummation of the Reorganization Merger, but prior to the completion of the Conversion, were Mark Hanchett, Annie Pratt, Britt Ide and Caryn Nightengale.”
Mark Hanchett was appointed as director at Nxu, Inc..
“the directors of Atlis immediately following the consummation of the Reorganization Merger, but prior to the completion of the Conversion, were Mark Hanchett, Annie Pratt, Britt Ide and Caryn Nightengale.”
Nxu, Inc. shareholders approved Adopt and approve the Nxu, Inc. 2023 Omnibus Incentive Plan at the 2023-05-09 meeting.
“2. A proposal to adopt and approve the Nxu, Inc. 2023 Omnibus Incentive Plan was approved by the following vote: Votes for 332,594,715 Votes against 734,051 Abstained 220,689 Broker non-votes 0”
Nxu, Inc. shareholders approved Adopt and approve the Agreement and Plan of Merger by and among Atlis, Nxu and Atlis Merger Sub, Inc. (the "Holding Company Proposal") at the 2023-05-09 meeting.
“1. A proposal to adopt and approve the Agreement and Plan of Merger by and among Atlis, Nxu and Atlis Merger Sub, Inc. (the “Holding Company Proposal”) was approved by the following vote: Votes for 333,041,464 Votes against 438,270 Abstained 69,721 Broker non-votes 0”
David Apps resigned as Vice President of Operations at Nxu, Inc..
“received a notice of resignation from its Vice President of Operations, David Apps, effective April 25, 2023.”
Nxu, Inc. faced acceleration on convertible notes of $3.3 million at 10% per annum.
“On April 11, 2023, the Company also determined that receipt of the Notice of non- constituted an event of default under its convertible notes. As a result, unless waived by the holders, the convertible notes began accruing default interest at a rate of 10% per annum and the Company is obligated to pay to the holders $3.3 million”
Nxu, Inc. received a nasdaq deficiency notice notice regarding minimum bid price.
“April 11, 2023, the Company received the Notice indicating that the Company is not in compliance with the Bid Price Requirement. The Notice has no immediate effect on the listing of the Company’s Class A common stock on Nasdaq and the Company will have 180 calendar days from the date of the Notice in which to regain compliance with the Bid Price Requirement. As a result, the date by which the Company has to regain compliance with the Bid Price Requirement is October 8, 2023. If at any time prior to October 8, 2023, the bid price of the Company’s common stock closes at or above $1.00 per share”
Nxu, Inc. entered into Warrant Agency Agreement with American Stock Transfer & Trust Company, LLC (effective 2023-02-21).
“On February 21, 2023, the Company entered into a warrant agency agreement with the Company’s transfer agent, American Stock Transfer & Trust Company , LLC, who is also acting as the warrant agent for the Company, setting forth the terms and conditions of the Warrants and any Pre-Funded Warrants sold in the Offering (the “Warrant Agency Agreement”).”
Nxu, Inc. entered into Placement Agency Agreement with Maxim Group LLC (effective 2023-02-15).
“In connection with the Offering, on February 15, 2023, the Company entered into a securities purchase agreement (the “Purchase Agreement”) with certain investors named therein (the “Purchasers”), and a placement agency agreement (the “Placement Agency Agreement”) with Maxim Group LLC (the “Placement Agent")”
Nxu, Inc. entered into Purchase Agreement with certain investors named therein (effective 2023-02-15).
“On February 15, 2023, the Company entered into a securities purchase agreement (the “Purchase Agreement”) with certain investors named therein (the “Purchasers")”
Nxu, Inc. amended Registration Rights Agreement Amendment with each Investor (effective 2023-01-05).
“Concurrently with the Purchase Agreement Amendment, the Company also entered into an amendment (the “ Registration Rights Agreement Amendment ”) to the Registration Rights Agreement, dated as of November 3, 2022, with each Investor”
Nxu, Inc. amended Purchase Agreement Amendment with each institutional investor party to the Purchase Agreement (effective 2023-01-05).
“On January 5, 2023, Atlis Motor Vehicles, Inc. (the “ Company ”) entered into an amendment (the “ Purchase Agreement Amendment ”) to the Securities Purchase Agreement, dated as of November 3, 2022 (the “ Purchase Agreement ”), with each institutional investor party to the Purchase Agreement (collectively, the “ Investors ”)”
Nxu, Inc. incurred convertible notes of aggregate principal amount of up to $30,000,000 with certain institutional investors at do not initially bear any interest maturing 24 months after issuance.
“the Company agreed to issue to the Investors, for gross proceeds of up to $27,000,000, Senior Secured Original Issue 10% Discount Convertible Promissory Notes (the “ Notes ”) in the aggregate principal amount of up to $30,000,000”
Nxu, Inc. entered into Securities Purchase Agreement with certain institutional investors valued at gross proceeds of up to $27,000,000 (effective 2022-11-03).
“On November 3, 2022, Atlis Motor Vehicles, Inc. (the “ Company ”) entered into a Securities Purchase Agreement (the “ Purchase Agreement ”) with certain institutional investors (collectively, the “ Investors ”), pursuant to which the Company agreed to issue to the Investors, for gross proceeds of up to $27,000,000, Senior Secured Original Issue 10% Discount Convertible Promissory Notes (the “ Notes ”) in the aggregate principal amount of up to $30,000,000 and warrants (the “ Warrants ”)”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.