Arcimoto Announces $15.25 Million Common Stock Only Registered Direct Offering Priced Above-the-Market
The gross proceeds from the offering will be $15.25 million before deducting commissions and offering expenses.
- The gross proceeds from the offering will be $15.25 million before deducting commissions and offering expenses.
- The Special Equities Group, a division of Bradley Woods & Co., Ltd., acted as sole placement agent for the offering.
- The offering is expected to close on November 25, 2020, subject to satisfaction of customary closing conditions.
- Arcimoto (NASDAQ: FUV) develops and manufactures ultra-efficient and affordable electric vehicles to help the world shift to a sustainable transportation system.