Atlis Motor Vehicles Shareholders Approve Reorganization to Holding Company, Nxu, Inc., and Omnibus Incentive Plan

MESA, Ariz., May 11, 2023 (GLOBE NEWSWIRE) -- Atlis Motor Vehicles, Inc. (NASDAQ: AMV), a US-owned technology company manufacturing innovative battery cells and battery packs for use in advanced energy storage systems, megawatt charging stations, and mobility products, today announced shareholder approval of the company reorganization to a holding company structure with Nxu, Inc. (pronounced: “new”) as the surviving publicly traded entity (the “Holding Company Proposal”). A proposed Omnibus Incentive plan was also approved by the shareholders (the “Plan Proposal”). 

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