# Nxu shareholders approve merger with Verde Bioresins

Nxu, Inc. announced shareholder approval of its merger with Verde Bioresins, Inc. Verde stockholders will own about 95% of the combined company. The transaction values Verde at approximately $306.9 million enterprise value.

- Type: Acquisition
- Announced: 2025-02-12
- Where: United States
- Value: $306.9M
- Status: announced
- Products: PolyEarthylene bioresin, bioplastics
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

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

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2025/02/12/3024852/0/en/nxu-announces-shareholder-approval-of-merger-with-verde-bioresins.html), 2025-02-12: "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.