NXU Inc. Faces Delisting from Nasdaq Due to Failure to Meet Minimum Bid Price Requirement

Reuters

06-17

NXU Inc. Faces Delisting from Nasdaq Due to Failure to Meet Minimum Bid Price Requirement

NXU Inc. has announced that it faces delisting from the Nasdaq Capital Market due to its failure to meet the minimum bid price requirement of $1.00 per share, as stipulated by Nasdaq Listing Rule 5550(a)(2). Despite being granted two 180-day grace periods to address this issue, the company was unable to complete a reverse stock split to regain compliance. Consequently, Nasdaq's Hearing Panel has determined to delist NXU Inc.'s securities, with trading suspended since April 10, 2025. The company does not plan to request a review of this decision, and once delisted, shareholders may encounter difficulties in trading their shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NXU Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001214659-25-009254), on June 16, 2025, and is solely responsible for the information contained therein.

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Faces Delisting from Nasdaq Due to Failure to Meet Minimum Bid Price Requirement\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-06-17 04:06</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      NXU Inc. 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ID: 0001214659-25-009254), on June 16, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NXUR","symbol_name":"Nxu Inc.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250616:nNDLc5W7r4:1","article_id":"2544988382","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2544988382","pubTimestamp":1750104377,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"NXU Inc. has announced that it faces delisting from the Nasdaq Capital Market due to its failure to meet the minimum bid price requirement of $1.00 per share, as stipulated by Nasdaq Listing Rule 5550. 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