Arcimoto Announces $2.35 Million Registered Direct Offering
Arcimoto, Inc. (FUV)
Last arcimoto, inc. earnings: 11/14 06:22 am
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US:NASDAQ Investor Relations:
arcimoto.com/investor
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Source: Business Wire
EUGENE, Ore.--(BUSINESS WIRE)--Arcimoto, Inc.® (Nasdaq: FUV) today announced that it has entered into definitive agreements with several institutional and accredited investors for the purchase of 1,044,444 shares of its common stock, at a purchase price per share of $2.25, in a registered direct offering. Additionally, Arcimoto has agreed to issue to the investors unregistered warrants to purchase up to 1,044,444 shares of common stock. The closing of the offering is expected to occur on or about October 8, 2019, subject to the satisfaction of customary closing conditions.The warrants to purchase shares of common stock have an exercise price of $2.83 per share, will be exercisable six month of the date of issuance and will expire five and one-half years from the date of issuance.H.C. Wainwright & Co. is acting as exclusive placement agent for the offering.The gross proceeds to Arcimoto, before deducting placement agent fees and other offering expenses, are expected to be approxima
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Sec Filings
- 4/4/24 - Form 8-K
- 4/4/24 - Form 8-K/A
- 4/3/24 - Form 8-K
- FUV's page on the SEC website