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MESA, Ariz., Dec. 18, 2023 (GLOBE NEWSWIRE) — Nxu Inc., (NASDAQ: NXU) (“Nxu”, “the Company”), a domestic technology company developing and manufacturing innovative EV charging and energy storage solutions for the infrastructure we need to power our electrified future, announced Nasdaq has approved the Company’s request for continued listing, subject to Nxu demonstrating compliance with the listing rules on or before April 7, 2024. Nxu presented its compliance plan on Dec. 14, 2023, resulting in Nasdaq swiftly granting the Company its request, effective today, Dec. 18, 2023.
“We’re immensely proud of the plan we presented last week to the Nasdaq hearing panel, much of which we’ve already been executing to date,” said Mark Hanchett, Chairman and CEO at Nxu. “Our mission is to take on big, complex challenges with technology that makes a lasting impact. We’re moving steadily toward that mission, as demonstrated by our continued commitment to an infrastructure that supports an electrified future. We look forward to completing the remaining steps in our compliance plan, regaining compliance, and remaining compliant for the foreseeable future.”
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