# Nxu to acquire Verde Bioresins in all-stock merger

Nxu, Inc. has entered into a merger agreement to acquire all outstanding shares of Verde Bioresins, Inc. in an all-stock transaction. The combined company will be renamed Verde Bioresins, Corp. and list on Nasdaq under the ticker VRDE.

- Type: Acquisition
- Announced: 2024-10-23
- Where: United States
- Status: announced
- Products: PolyEarthylene bioresin
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Verde Bioresins](https://endata.com/companies/70993.md) (target)
- [Nxu, Inc.](https://endata.com/companies/80584.md) (acquirer)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/1722969/000121465924017876/ex99_1.htm), 2024-10-23: "We are thrilled to merge with Nxu, a company at the forefront of sustainable solutions in transportation."
- [globenewswire.com](https://www.globenewswire.com/news-release/2024/10/24/2968809/0/en/nxu-and-verde-bioresins-announce-proposed-merger.html), 2024-10-24: "We are thrilled to merge with Nxu, a company at the forefront of sustainable solutions in transportation."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.