Nasdaq Grants Nxu’s Request for Continued Listing
18 Dicembre 2023 - 10:04PM
Nxu Inc., (NASDAQ: NXU) (“Nxu”, “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, announced Nasdaq has approved
the Company’s request for continued listing, subject to Nxu
demonstrating compliance with the listing rules on or before April
7, 2024. Nxu presented its compliance plan on Dec. 14, 2023,
resulting in Nasdaq swiftly granting the Company its request,
effective today, Dec. 18, 2023.
“We’re immensely proud of the plan we presented last week to the
Nasdaq hearing panel, much of which we’ve already been executing to
date,” said Mark Hanchett, Chairman and CEO at Nxu. “Our mission is
to take on big, complex challenges with technology that makes a
lasting impact. We’re moving steadily toward that mission, as
demonstrated by our continued commitment to an infrastructure that
supports an electrified future. We look forward to completing the
remaining steps in our compliance plan, regaining compliance, and
remaining compliant for the foreseeable future.”
About Nxu, Inc.
Nxu, Inc. is a domestic technology company leveraging its
intellectual property and innovations to support e-Mobility and
energy storage solutions. Driving the energy future, Nxu is
developing an ecosystem of industry-leading grid level energy
storage solutions, charging infrastructure and over-air cloud
management – encompassed by Nxu’s seamless subscription-based
models. For more information, visit www.nxuenergy.com.
Forward-Looking Statements This press release
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, including, but
not limited to, statements regarding our ability to remain
compliant with Nasdaq’s continued listing rules. These
forward-looking statements are based on our current assumptions,
expectations and beliefs and involve substantial risks and
uncertainties that may cause results, performance or achievements
to materially differ from those expressed or implied by these
forward-looking statements. A detailed discussion of these factors
and other risks that affect our business is included in filings we
make with the Securities and Exchange Commission (SEC) from time to
time, including our most recent annual report on Form 10-K,
particularly under the heading “Risk Factors.” Copies of these
filings are available online from the SEC or on the SEC Filings
section of our Investor Relations website at www.nxuenergy.com. All
forward-looking statements in this press release are based on
information currently available to us, and we assume no obligation
to update these forward-looking statements in light of new
information or future events.
CONTACT: Investor
Contact Investors@nxuenergy.com
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