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.
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