2023-08-09 09:06:57 ET
- Energy storage and charging solutions company Nxu ( NASDAQ: NXU ) on Wednesday announced the pricing for its offering of 16.6 million units for $0.30 per unit.
- Each unit is defined as one share of Class A common stock and one common warrant, with each warrant exercisable for two shares of Class A common stock at $0.30/share.
- The company said it intends to use proceeds from the offering for working capital and general corporate purposes.
- NXU -32.8% premarket to $0.2275
- Source: Press Release
For further details see:
Nxu Inc announces $5M offering to replenish working capital