L1 Capital Global Opportunities Master Fund, Ltd. has acquired a 9.99% stake in Nxu Inc., according to a Schedule 13G filing dated December 27, 2024. The fund now beneficially owns 2,582,000 shares of Nxu's Class A Common Stock, including 2,300,000 shares and 282,000 shares issuable upon exercise of Pre-Funded Warrants within 60 days.The ownership percentage is based on an estimated 25,820,057 outstanding shares following a recent offering. The filing notes that additional Pre-Funded Warrants and Class A Warrants are subject to a 9.99% beneficial ownership limitation. David Feldman and Joel Arber, directors of L1 Capital Global Opportunities Master Fund, may be deemed to beneficially own these securities but disclaim beneficial ownership for other purposes.The Cayman Islands-based fund has sole voting and dispositive power over the reported shares. The filing states that the securities were not acquired to change or influence control of Nxu Inc.

L1 Capital Global Opportunities Master Fund, Ltd. has acquired a 9.99% stake in Nxu Inc., according to a Schedule 13G filing dated December 27, 2024. The fund now beneficially owns 2,582,000 shares of Nxu's Class A Common Stock, including 2,300,000 shares and 282,000 shares issuable upon exercise of Pre-Funded Warrants within 60 days.The ownership percentage is based on an estimated 25,820,057 outstanding shares following a recent offering. The filing notes that additional Pre-Funded Warrants and Class A Warrants are subject to a 9.99% beneficial ownership limitation. David Feldman and Joel Arber, directors of L1 Capital Global Opportunities Master Fund, may be deemed to beneficially own these securities but disclaim beneficial ownership for other purposes.The Cayman Islands-based fund has sole voting and dispositive power over the reported shares. The filing states that the securities were not acquired to change or influence control of Nxu Inc.