Vicinity Motor Corp. Announces CAD$2 Million Loan [Yahoo! Finance]
Vicinity Motor Corp. (VEV)
Company Research
Source: Yahoo! Finance
supplier of commercial electric vehicles, today announced it has entered into an unsecured loan agreement to borrow an aggregate $2,000,000 from two arms' length parties. The Company has entered into a 12 month term loan agreement to borrow $2,000,000. The loan bears simple interest of 12% of which the principal and interest is due 12 months from the advance date of the loan. The Company may prepay the loan at any time without penalty. As further consideration to the lenders for making the loan, the Company has agreed to issue 800,000 bonus warrants exercisable into common shares at a price of $1.15 per common share for 12 months. The bonus warrants and any common shares issued on exercise thereof, will bear a hold period of four months and one day from the date of issuance of the bonus warrants. The issuance of the bonus warrants is subject to the Company's receipt of TSX Venture Exchange approval. About Vicinity Motor Corp. Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA)
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VEV
News
- Vicinity Motor Corp. Secures VMC 1200 Distribution Agreement with RJames Vicinity Truck in British Columbia, Canada [Yahoo! Finance]Yahoo! Finance
- Vicinity Motor Corp. Secures VMC 1200 Distribution Agreement with RJames Vicinity Truck in British Columbia, CanadaAccesswire
- Vicinity Motor Corp. Receives Additional 180 Day Extension by Nasdaq to Regain Compliance with Minimum Bid Price Rule [Yahoo! Finance]Yahoo! Finance
- Vicinity Motor Corp. Receives Additional 180 Day Extension by Nasdaq to Regain Compliance with Minimum Bid Price RuleAccesswire
- Vicinity Motor announces C$2M loan [Seeking Alpha]Seeking Alpha
VEV
Sec Filings
- 4/24/24 - Form 6-K
- 4/18/24 - Form 6-K
- 4/2/24 - Form 20-F
- VEV's page on the SEC website