NXU (NXU) Prices 16.67M Share Offering at $0.30/sh

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Go back to NXU (NXU) Prices 16.67M Share Offering at $0.30/sh

Nxu Inc. Announces $5 Million Public Offering

August 9, 2023 8:00 AM EDT

MESA, Ariz., Aug. 09, 2023 (GLOBE NEWSWIRE) -- Nxu Inc., (NASDAQ: NXU) (Nxu, the Company), a vertically integrated technology company creating energy storage and charging solutions for the infrastructure we need to power our electrified future, today announced the pricing of a public offering of 16,666,667 units at a public offering price of $0.30 per unit. Each unit consists of one share of Class A common stock (or a pre-funded warrant in lieu thereof) and one common warrant, with each warrant exercisable for two shares of Class A common stock at an exercise price of $0.30 per share. The... More