Nxu announced on November 19, 2024, that it has made available an investor presentation regarding its proposed merger with Verde Bioresins, following their merger agreement signed on October 23, 2024. The merger structure involves Nxu Merger Sub I merging with Verde, followed by Verde merging with Nxu Merger Sub II, with the latter continuing as the surviving entity.The transaction is subject to various closing conditions, including stockholder approvals, regulatory clearances, and Nasdaq listing requirements for the combined company. Key considerations include potential risks related to the merger's timing, realization of anticipated benefits, operating costs, and the combined company's ability to manage growth and obtain additional financing.Nxu plans to file a Registration Statement containing a proxy statement/prospectus with the SEC, providing detailed information about the proposed transaction. The company urges investors to review these documents carefully when they become available through the SEC website and Nxu's investor relations platform.

Nxu announced on November 19, 2024, that it has made available an investor presentation regarding its proposed merger with Verde Bioresins, following their merger agreement signed on October 23, 2024. The merger structure involves Nxu Merger Sub I merging with Verde, followed by Verde merging with Nxu Merger Sub II, with the latter continuing as the surviving entity.The transaction is subject to various closing conditions, including stockholder approvals, regulatory clearances, and Nasdaq listing requirements for the combined company. Key considerations include potential risks related to the merger's timing, realization of anticipated benefits, operating costs, and the combined company's ability to manage growth and obtain additional financing.Nxu plans to file a Registration Statement containing a proxy statement/prospectus with the SEC, providing detailed information about the proposed transaction. The company urges investors to review these documents carefully when they become available through the SEC website and Nxu's investor relations platform.