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Nxu Announces 1-for-20 Reverse Stock Split

March 27, 2025 — 09:32 am EDT

Written by RTTNews.com for RTTNews->

(RTTNews) - Nxu, Inc., (NXU), a technology company focused on developing electric vehicle charging, battery, and vehicle technologies, Thursday announced a reverse stock split of 1-for-20, effective March 31, 2025.

"The reverse stock split is being implemented as part of our continued efforts to complete our proposed merger with Verde Bioresins and ensure we maintain our NASDAQ compliance," said Nxu Founder, Chairman, and CEO Mark Hanchett.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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