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Stock impact report

Boustead Securities Client ADOMANI Becomes First Company to List on NASDAQ Under the Jobs Act Regulation A+; Shares Up 45% to $7.25 in Historic First Day of Trading

ENVIROTECH VEHICLES INC (ADOM) 
Company Research Source: Marketwire
LOS ANGELES, CA -- (Marketwired) -- 06/15/17 -- Boustead Securities, LLC client ADOMANI, Inc. (NASDAQ: ADOM), a provider of advanced zero emission vehicle solutions, began trading its shares on the NASDAQ Capital Market today in an historic first for any Regulation A+ common stock offering. ADOMANI, Inc. and certain selling stockholders sold a total of 2,852,275 million shares in the offering at $5 per share, for a total of approximately $14.3 million. The ADOM shares closed up 45% at $7.25 in their standard-setting first day of trading. Dan McClory, Head of Equity Capital Markets at Boustead Securities, LLC, the Lead Underwriter in the ADOMANI IPO, stated, "It truly is an exceptional milestone for ADOMANI to become the first ever Reg A+ IPO to list on NASDAQ. Boustead Securities congratulates ADOMANI for its pioneering achievement," McClory continued. Network 1 Financial Securities, Inc. served as Co-Underwriter of the ADOMANI Offering. "Electric fleets will be an impo Show less Read more
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