Nxu, Inc. Announces Closing of $3.0 Million Public Offering of Common Stock

Winston & Strawn represented Nxu Inc., a domestic technology company specializing in innovative EV charging and energy storage solutions, in the recent closing of its public offering. The company sold 86,000,000 shares of Class A common stock at a price of $0.035 per share. The offering generated gross proceeds of approximately $3.0 million for the company, before deducting placement agent fees, commissions, and other offering expenses.