Nxu Says It Received The SEC Effectiveness On Form S-3 Shelf Registration Statement For $75M In Primary Capital
Portfolio Pulse from Benzinga Newsdesk
Nxu has announced that it has received the SEC effectiveness on Form S-3 Shelf Registration Statement for $75M in primary capital.
November 10, 2023 | 11:32 am
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Nxu has received the SEC effectiveness on Form S-3 Shelf Registration Statement for $75M in primary capital. This could potentially increase the company's liquidity and financial flexibility.
The SEC approval allows Nxu to raise up to $75M in primary capital, which could be used for various corporate purposes, including financing ongoing operations, reducing debt, or funding potential acquisitions. This could potentially increase the company's liquidity and financial flexibility, which is generally viewed positively by investors.
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