Investor FAQs

Upon completion of the reorganization merger, the shares of Nxu, Inc. trade under the ticker symbol “NXU” on Nasdaq Stock Market LLC effective May 15, 2023. The previous ticker symbol associated with Atlis Motor Vehicles (now Nxu) and its public listing was “AMV.”

You can purchase shares of Nxu (NASDAQ:NXU) through a broker. If you do not have a brokerage account, there are plenty of resources on the internet to help you compare brokerages and find one that suits you best.

Currently, Nxu (formerly Atlis Motor Vehicles) does not have a direct stock purchase plan.

Nxu (formerly Atlis Motor Vehicles) does not pay stock dividends. Nxu will invest capital to support company growth for the foreseeable future.

Now that Nxu (formerly Atlis Motor Vehicles) is a publicly traded company, our equity crowd funding offerings and individual private placements are closed.

No, the Company cannot comment or speculate on stock price, nor can we provide investment advice. The Company encourages prospective investors to review the registration statement most recently filed with the SEC for an overview of the Company’s financial situation and investment risk factors.

Nxu (formerly Atlis Motor Vehicles) used Reg A as a vehicle to take the company public on Nasdaq Global Markets. This was a public listing, not an Initial Public Offering. Nxu neither issued new shares, nor raised additional capital through its initial public listing.

Nxu (formerly Atlis Motor Vehicles) listed on Nasdaq Global Markets under the symbol AMV, September 27, 2022.

On March 13, 2023, Atlis Motor Vehicles (now Nxu) received a notice of non-compliance from Nasdaq. To regain compliance within the allotted 180 days, the Company moved from Nasdaq Global Markets to Nasdaq Capital Markets.

Each outstanding share of Atlis Motor Vehicles Class A common stock and each outstanding share of Class D common stock have converted into one share of Nxu, Inc. Class A common stock and one share of Nxu, Inc. Class B common stock, respectively.

As an Nxu, Inc. shareholder, you own the same number of shares of Nxu, Inc. common stock as you owned of Atlis Motor Vehicles immediately prior to the reorganization merger, and your shares in Nxu, Inc. represent the same ownership of Nxu, Inc. as you had of Atlis Motor Vehicles immediately prior to the reorganization merger.

Your rights as a stockholder of Nxu, Inc. are substantially the same as the rights you previously had as a stockholder of Atlis Motor Vehicles, including rights to voting and dividends. In addition, the reorganization merger contemplated by the Holding Company Proposal is generally expected to be tax-free to Atlis Motor Vehicles, Nxu, Inc., and Atlis Motor Vehicles stockholders for U.S. federal income tax purposes.

Yes, authorizing more shares allows Nxu Inc. more headroom to raise additional capital to continue scaling the business.

Companies issue new shares to support capital raising efforts. The Nxu mission is capital intensive, meaning additional fundraising is needed in to effectively scale the company for the foreseeable future.

The authorization of additional shares could potentially decrease stock value as it increases the total number of shares in circulation, which could dilute the ownership percentage and earnings per share of existing shareholders.

The CUSIP number Nxu (formerly Atlis Motor Vehicles) is 62956D105.

You can view and download all Nxu (formerly Atlis Motor Vehicles) financial information from our SEC filings here. You can also find previous financial information on Atlis Motor Vehicles prior to the reorganization merger here.

You can view and download all Nxu (formerly Atlis Motor Vehicles) SEC filings including Annual and Quarterly Reports here. You can also find all previous filings including Annual and Quarterly reports on Atlis Motor Vehicles prior to the reorganization merger here.

The current fiscal year for Nxu (formerly Atlis Motor Vehicles) is January 1, 2023, to December 31, 2023.

Atlis Motor Vehicles (now Nxu) was founded in 2016 by Chief Executive Officer and Board Chairman, Mark Hanchett, in Mesa, AZ.

Our mission is to take on big, complex challenges with technologies that make a lasting impact. Today, we are working to solve sustainable solutions to infrastructure and mobility.

Nxu, Inc. (formerly Atlis Motor Vehicles Inc.) was incorporated March 10, 2023.

 “Motor Vehicles” was simply too limiting. We needed our brand to align with our vision of creating an ecosystem of infinite energy. Therefore, we moved forward under the rebranded moniker Nxu (pronounced “new”). We believe this new brand better embraces our direction as an organization dedicated to creating an untethered energy ecosystem.

Upon completion of the reorganization merger, Atlis Motor Vehicles became a wholly owned subsidiary of Nxu, Inc. and Nxu, Inc. replaced Atlis Motor Vehicles as the publicly listed corporation and now conducts all the operations previously conducted by Atlis Motor Vehicles.

Implementing the new holding company structure provides us with strategic, operational, and financing flexibility, and enables us to manage the operations and liabilities more efficiently in each segment of our business. The reorganization installed cutting edge bylaws meant to support modern public organizations.

You can learn more about the Nxu (formerly Atlis Motor Vehicles) management team and the Board of Directors on our corporate governance page here.

You can find more information on Nxu (formerly Atlis Motor Vehicles) and our products at nxuenergy.com. Consider checking out our Nxu newsletter and following our social media accounts for the latest on Nxu. You can also visit our Press Room for recent news.

Any publicly available information on Nxu can be found on our website, through press releases and articles, social media, and/or our newsletters. New information will be shared through said avenues as it becomes available and pursuant to Regulation FD requirements.

Our independent registered public accounting firm is Prager Metis LLP.

While we used to have tours of Nxu (formerly Atlis Motor Vehicles) headquarters in Mesa, AZ, we do not allow public tours anymore due to safety precautions of manufacturing.

At our headquarters in Mesa, AZ, we manufacture battery cells and packs, megawatt+ charging stations, and residential and commercial battery energy storage systems. These energy solutions can be integrated across a variety of industries and applications to support electrification strategies.

At Nxu, we are working to creating the sustainable ecosystem that the electric pickup truck will need to operate efficiently on the road and job site. This includes developing the battery technology that will allow the truck to perform as well as, if not better, than a legacy diesel work truck, the charging network needed to charge the vehicle consistently fast to reduce downtime, and the energy storage required to support the charging infrastructure.

The timing to production on our mobility solutions is “to be determined.” Nxu (formerly Atlis Motor Vehicles) is currently scaling domestic battery cell operations to support the foundation of the Nxu ecosystem. Note that our mobility products pricing and features will be more closely defined as we approach production intent models.

You can find more information on Nxu (formerly Atlis Motor Vehicles) and our products at nxuenergy.com. Consider checking out our Nxu newsletter and following our social media accounts for the latest on Nxu and our products. You can also visit our Press Room for recent news.

Any publicly available information on Nxu can be found on our website, through press releases and articles, social media, and/or our newsletters. New information will be shared through said avenues as it becomes available and in compliance with Regulation FD.

You can subscribe to our Nxu (formerly Atlis Motor Vehicles) newsletter to receive email communications from Nxu here. Consider also following our social media accounts for the latest on Nxu. You can also visit our Press Room found here for recent news.

Any publicly available information on Nxu can be found on our website, through press releases and articles, social media, and/or our newsletters. New information will be shared through said avenues as it becomes available and in compliance with Regulation FD.

No, however you can obtain financial documents on our SEC fillings page here. You can also find previous financial information on Atlis Motor Vehicles prior to the reorganization merger here.

You can request Nxu (formerly Atlis Motor Vehicles) media assets here.

If an event or meeting has been scheduled, details will be posted on investors.nxuenergy.com.

You can watch our most recent Town Hall, released Thursday, May 25, 2023 at 11:00AM PST / 2:00PM EST, here on YouTube.

The virtual Special Meeting of Stockholders of Atlis Motor Vehicles (now Nxu) was held online via live webcast at 8:00AM PST, on May 9^th, 2023.

Atlis Motor Vehicles (now Nxu) stockholders were able to attend the meeting online and vote shares electronically with a control number appearing on their proxy cards, and submit questions during the meeting by visiting the provided link at the meeting date and time.

At the meeting, stockholders were asked to consider and vote on the following two proposals:

1. A proposal (the “Holding Company Proposal”) to reorganize our corporate structure following which Atlis Motor Vehicles will become a subsidiary of a new Delaware corporation named “Nxu, Inc.”

2. A proposal (the “Plan Proposal”) to approve the Nxu, Inc. 2023 Omnibus Incentive Plan (the “Plan”).

The Holding Company Proposal contemplated that Atlis Motor Vehicles would merge with Atlis Merger Sub Inc., a new Delaware corporation and wholly owned subsidiary of Nxu, Inc., pursuant to an agreement and plan of merger (the “Reorganization Agreement”).

The Plan promotes ownership in Nxu, Inc. by its employees, directors, and consultants by permitting these service providers to receive compensation in the form of awards denominated in, or based on the value of, Nxu, Inc. common stock.

After careful consideration, our Board of Directors agreed this Plan is in the best interest of Nxu, Inc.

The Plan aligns incentives between these service providers and shareholders and gives Nxu, Inc. the flexibility to attract and retain top talent.

Atlis Motor Vehicles (now Nxu) used Reg A as a vehicle to take the company public. This was a public listing, not an Initial Public Offering. The company neither issued new shares, nor raised additional capital upon listing. The listing allowed the company Reg A investors to trade their Class A Reg A shares, and in turn, introduced Atlis Motor Vehicles to capital markets. The listing method did not allow for registration of Class A shares purchased outside of Reg A crowdfunding investments.

Both Class A Reg CF and Reg D shares are now unrestricted and available to transfer from AST (now EQ) to a brokerage account. You must have a brokerage account to transfer. Please see “How do I transfer and my shares from AST (now EQ) to a brokerage account?” below to learn how to transfer shares from AST (now EQ) to a brokerage account.

The Form 8-A we filed with the SEC (Securities and Exchange Commission) only registered Class A Reg A shares. As such, if you participated in Reg CF crowdfunding campaigns or invested as part of a Reg D private placement, your Class A Reg CF and Class A Reg D shares were restricted upon listing. All securities must be registered or subject to an exception to be traded – otherwise they remain restricted securities that cannot be traded on public markets.

Class A Reg A, Reg CF, and Reg D shares are now unrestricted and available to transfer from AST (now EQ) to manage. Please see “How do I transfer and my shares from AST (now EQ) to a brokerage account?” below to learn how to transfer shares from AST (now EQ) to a brokerage account.

AST (now EQ) sent a personal Welcome Letter and Account Statement to the mailing address on file. These documents contain all the necessary account information needed to access your account with AST (now EQ).

Step 1: Visit Innovative Platforms for Shareholders | EQ (equiniti.com)

Step 2: Click LOGIN located under Individuals. This is for Individual shareholders and employee plan participants.

Step 3: To Login, Click LOGIN under Shareholder Central to input credentials and access Shareholder Central.

Step 4: To Register, Click First Time Registration under Shareholder Central and complete the short registration process to create your unique login ID. *Please note that new registrations are not currently being accepted on Shareholder Central, we appreciate your patience and apologize for the inconvenience. Please contact AST (now EQ) on the dedicated number 877 248 6416 for account balances or any other questions you may have.

NOTE: If you are a non – U.S. shareholder please select Registration for Non-US Holders on the top of the page and complete the short registration process. You will need to know the AST (now EQ) Company Number which is printed on the bottom right-hand corner of your Welcome Letter. Your PIN number will then be mailed to the address of record for the account.

NOTE: If you are unable to log into your account, it may be that your Social Security Number/TIN is not on file with AST (now EQ). You will need to complete and return the tax form, W9 form (domestic shareholders), W8 BEN (foreign individual), or W8 BEN-E (foreign entity). The forms are available at https://equiniti.com/us/ast-access/individuals. Once AST (now EQ) receives your tax form your account will become certified, and you can access your account online.

You must send a hard copy of the completed tax form by mail to AST (now EQ) at the mailing address below:

Shareholder Mail Inquiries:

Nxu, Inc.

C/o EQ (formerly AST)

6201 15th Avenue

Brooklyn, NY 11219

United States

To transfer shares of Nxu (NASDAQ:NXU) from AST (now EQ) to a brokerage account, please follow the instructions below:

Your broker should initiate a DRS (Direct Registration System) Profile transaction by submitting the request through DTC with the following information:

1.   Your referenced 10-digit AST (now EQ) account number found at the top of the Shareholders Welcome Letter.

2.   The Tax ID # of the Shareholder. AST (now EQ) must have a tax ID on record.

3.   The Cusip for the company: 62956D105

4.   The number of shares requesting to be transferred.

5.   DRS number for AST (now EQ): 7805

Your broker will handle this entire process, it is electronic, and AST (now EQ) is not involved. You must have a brokerage account to transfer.

You can update your mailing address through Shareholder Central once you have access to your AST (now EQ) account.

NOTE: If the address on file is the address of Atlis Motor Vehicles (now Nxu), this means an invalid mailing address was provided, however, you can amend the address of record in Shareholder Central when you log in to your account.

If you were eligible to receive Bonus Shares, these now reflect on your AST (now EQ) account.

EXAMPLE: If you invested $1,000 in a previous round and invested $500 additional during our previous Reg A round, you would receive the Tier 1 Bonus of an additional 5% shares of the share count purchased for $500.

IMPORTANT: Although Bonus Share eligibility is based on lifetime investment, the number of Bonus Shares allocated is based ONLY on investments at the $15.88 or $27.50 share prices.

NOTE: Reg D investments are not eligible for Bonus Shares.

You can review the Bonus Tiers on our previous investment page here.

Now that Nxu (formerly Atlis Motor Vehicles) is a publicly traded company, our equity crowd funding offerings and individual private placements are closed.

Atlis Motor Vehicles (now Nxu) appointed American Stock Transfer & Trust Company, LLC (AST) as our new transfer agent, effective September 26, 2022. As of this date, all shareholder records are transferred from KoreConX to AST (now EQ), and you should contact AST (now EQ) for any questions regarding your Reg A, CF, or D investments and AST account.

You can view past Equity Crowdfunding Offerings here.

Now that Nxu (formerly Atlis Motor Vehicles) is a publicly traded company, our equity crowd funding offerings and individual private placements are closed.