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Shareholder-Approved Merger with Verde Bioresins, Inc. Progressing Towards Close

GlobeNewswire LogoGlobeNewswire2w ago

Shareholder-Approved Merger with Verde Bioresins, Inc. Progressing Towards Close - GlobeNewswire

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Such forward-looking statements include, but are not limited to, statements that express the Company's intentions, beliefs, expectations, strategies, predictions or any other statements related to the Company's future activities, or future events or conditions, including those related to future compliance with the Nasdaq’s listing requirements, the ability to satisfy the conditions to closing the contemplated merger with Verde, and the consummation such contemplated merger with Verde, which can be identified by terminology such as "may," "will," "expects," "anticipates," "aims," "potential," "future," "intends," "plans," "believes," "estimates," "continue," "likely to" and other similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words.

These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict, many of which are beyond the Company's control, including, among other things, the risks related to the Company's ability to regain and maintain compliance with Nasdaq listing standards, the Company's ability to obtain any compliance period, the Company's ability to take actions that may be required for its continued listing on Nasdaq, and other risks that may be included in the periodic reports and other filings that the Company files from time to time with the SEC.

Nxu continues to work towards imminent completion of merger with Verde Bioresins, Inc.MESA, Ariz., April 08, 2025 (GLOBE NEWSWIRE) -- Nxu, Inc., (NASDAQ: NXU) ("Nxu”, "the Company”), a domestic technology company focused on energy storage and charging solutions for the infrastructure we need to power our electrified future, today announced it is progressing towards closing its merger with Verde Bioresins, Inc.("Verde”).

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Article Details

Author / Journalist: Nxu Inc.

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-08 @ 12:30:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Readers: 59 people read this story

Article Length: 712 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 36 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 27726690

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About GlobeNewswire

Main Topics: Technology

Official Website: globenewswire.com

Update Frequency: 94 posts per day

Year Established: 1998

Headquarters: China

News Last Updated: 9 hours ago

Coverage Areas: China

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #116

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