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NXU Inc. NXU

Nxu, Inc. is a vertically integrated technology company. The Company is leveraging its intellectual properties and battery innovations to support e-mobility and energy storage solutions. The Company's Nxu Ecosystem consists of battery cell and pack technologies, grid level energy storage solutions, charging infrastructure, platform and medium-duty electric mobility solutions, and over-air cloud management. Its products include QCell, Qube and Qube+. Its QCell Battery technology enables an electric future by charging faster, going farther, and extending the lifespan of vehicles, equipment, energy storage, and charging equipment. Qube is a longer-lasting, faster-charging, energy dense solution for mobility products, residential and commercial energy storage systems, and charging infrastructure applications. The Qube+ is designed to store and deliver energy to homes, businesses, and larger-scale utility applications.


NDAQ:NXU - Post by User

Post by Iseneschalon Oct 19, 2023 9:22am
149 Views
Post# 35690559

NXU.... Ya just never know when the "Curveball" comes...P.O

NXU.... Ya just never know when the "Curveball" comes...P.OYou've all been had....again ; )

 

Nxu, Inc. Announces $3.0 Million Public Offering of Common Stock

 

2023-10-19 06:15 ET - News Release

 

MESA, Ariz., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Nxu, Inc. (NASDAQ: NXU) (“Nxu” or “the Company”), a domestic technology company developing and manufacturing innovative EV charging and energy storage solutions for the infrastructure we need to power our electrified future, today announced the pricing of a public offering of 86,000,000 shares of Class A common stock at a public offering price of $0.035 per share. The gross proceeds of the offering to the Company, before deducting placement agent fees and commissions and other offering expenses, are expected to be approximately $3.0 million.

The offering is expected to close on or about October 23, 2023, subject to customary closing conditions.

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