Ademi LLP is investigating Nxu (NASDAQ: NXU) for possible breaches of fiduciary duty and other violations of law in its transaction with Verde.

Click here to learn how to join our investigation or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.

In the transaction, pre-merger Nxu stockholders will own approximately only 5% of the combined company. The transaction agreement unreasonably limits competing transactions for Nxu by imposing a significant penalty if Nxu accepts a competing bid. Nxu insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of Nxu’s board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.

If you own Nxu common stock and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or here.

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241028080836/en/