Core Viewpoint - Nxu, Inc. is progressing towards closing its merger with Verde Bioresins, Inc., with 99% of Nxu's shareholders approving the issuance of shares related to the merger [1] Group 1: Merger Progress - The merger is nearing completion, pending satisfaction of conditions including Nasdaq approval [1][2] - A recent reverse stock split was completed to position the combined company for success upon closing [2] Group 2: Company Statements - Nxu's Chairman and CEO, Mark Hanchett, expressed confidence in closing the merger soon [2] - Verde's President, Brian Gordon, highlighted customer adoption and a partnership with Happy Campers as indicators of growth potential post-merger [2] Group 3: Company Overview - Nxu, Inc. focuses on energy storage and charging solutions, leveraging its intellectual property to support e-Mobility [3]
Shareholder-Approved Merger with Verde Bioresins, Inc. Progressing Towards Close