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.

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.

TLGY Acquisition Corporation, a SPAC, filed a registration statement for its proposed business combination with Verde Bioresins, a bioplastics production company. The combined company will list on Nasdaq under tickers VRDE and VRDEW.

Verde Bioresins, a bioplastics producer, entered into a definitive business combination agreement with TLGY Acquisition Corp., a blank check company. The combined company is expected to list on Nasdaq under the ticker VRDE in the second half of 2023.