Item 1. | |
(a) | Name of issuer:
Nxu Inc. |
(b) | Address of issuer's principal executive
offices:
1828 N Higley Rd., Suite 116, Mesa, Arizona 85205 |
Item 2. | |
(a) | Name of person filing:
L1 Capital Global Opportunities Master Fund, Ltd. |
(b) | Address or principal business office or, if
none, residence:
161A Shedden Road, 1 Artillery Court, PO Box 10085
Grand Cayman, Cayman Islands KY1-1001 |
(c) | Citizenship:
Cayman Islands |
(d) | Title of class of securities:
Class A Common Stock, par value $0.0001 per share |
(e) | CUSIP No.:
62956D105 |
Item 3. | If this statement is filed pursuant to §§
240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
(a) | Broker
or dealer registered under section 15 of the Act (15 U.S.C. 78o); |
(b) | Bank
as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); |
(c) | Insurance
company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); |
(d) | Investment
company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); |
(e) | An
investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); |
(f) | An
employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); |
(g) | A
parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); |
(h) | A
savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.
1813); |
(i) | A
church plan that is excluded from the definition of an investment company under section 3(c)(14)
of the Investment Company Act of 1940 (15 U.S.C. 80a-3); |
(j) | A
non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S.
institution in accordance with § 240.13d-1(b)(1)(ii)(J), please
specify the type of institution: |
(k) | Group,
in accordance with Rule 240.13d-1(b)(1)(ii)(K). |
| |
Item 4. | Ownership |
(a) | Amount beneficially owned:
2,582,000
The amounts in Row (5), (7) and (9) represent 2,300,000 Class A Common Stock and 282,000 Class A Common Stock issuable upon the exercise of Pre-Funded Warrants exercisable within 60 days. The amounts do not include 418,000 Class A Common Stock issuable upon the exercise of Pre-Funded Warrants and 1,500,000 Class A Warrants, which are subject to a 9.99% beneficial ownership limitation. The percentage set forth on Row (11) of the cover page for the reporting person is based upon the Issuer's Form S-1 filed with the Securities and Exchange Commission on December 30, 2024, which disclosed that there were four investors. Assumes each of the four investors had the same allocation of Class A Common Stock and Pre-Funded Warrants which would mean that there were 25,820,057 shares of Class A Common Stock outstanding immediately following the closing of the offering. Includes 9,200,000 shares of Class A Common Stock and 16,620,057 Class A Common Stock.
David Feldman and Joel Arber are the Directors of L1 Capital Global Opportunities Master Fund, Ltd. As such, L1 Capital Global Opportunities Master Fund, Ltd., Mr. Feldman, and Mr. Arber may be deemed to beneficially own (as that term is defined in Rule 13d-3 under the Securities Exchange Act of 1934) the issuer's securities described herein. To the extent Mr. Feldman and Mr. Arber are deemed to beneficially own such securities, Mr. Feldman and Mr. Arber disclaim beneficial ownership of these securities for all other purposes. |
(b) | Percent of class:
9.99 % |
(c) | Number of shares as to which the person has:
|
| (i) Sole power to vote or to direct the vote:
0
|
| (ii) Shared power to vote or to direct the
vote:
2,582,000
|
| (iii) Sole power to dispose or to direct the
disposition of:
0
|
| (iv) Shared power to dispose or to direct the
disposition of:
2,582,000
|
Item 5. | Ownership of 5 Percent or Less of a Class. |
| |
Item 6. | Ownership of more than 5 Percent on Behalf of
Another Person. |
|
Not Applicable
|
Item 7. | Identification and Classification of the
Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or
Control Person. |
|
Not Applicable
|
Item 8. | Identification and Classification of Members of
the Group. |
|
Not Applicable
|
Item 9. | Notice of Dissolution of Group. |
|
Not Applicable
|