Arcimoto, Inc. (FUV) Prices 4M Share Offering at $3/sh
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Arcimoto, Inc. Announces Pricing of $12 Million Public Offering
January 18, 2023 8:30 AM ESTEUGENE, Ore., Jan. 18, 2023 (GLOBE NEWSWIRE) -- Arcimoto, Inc.® (NASDAQ: FUV), makers of rightsized, outrageously fun, ultra-efficient electric vehicles, today announced the pricing of its previously announced public offering of 4,000,000 shares of common stock (or common stock equivalents in lieu thereof) and warrants to purchase up to 4,000,000 shares of common stock at a combined purchase price of $3.00 per share and accompanying warrant for aggregate gross proceeds of approximately $12 million, before deducting placement agent fees and other offering expenses. The warrants to be issued will have a five-year term, will be exercisable immediately,... More
