Atlis to host special meeting, seeks approval to restructure

Atlis Motor Vehicles (NASDAQ:), an emerging electric vehicle company specializing in battery technology, announced Thursday that the Arizona company will host a special shareholder meeting on Tuesday, May 9, 2023, to seek shareholder approval on restructuring the company to a holding company with Nxu, Inc.

Upon approval, Atlis will become a subsidiary under Nxu. The company also seeks approval of a new omnibus incentive plan.

AMV stockholders can attend the special meeting online and vote electronically.

Shares of AMV are down 1.01% in pre-market trading on Thursday.