Electra Meccanica Vehicles (NASDAQ: SOLO), a designer and manufacturer of electric vehicles, recently announced the closing of its registered direct offering of 3,333,334 common shares at a price of $3.60 each which resulted in gross proceeds of approximately $12 million. Roth Capital Partners, LLC, The Benchmark Company, LLC, and ThinkEquity, a division of Fordham Financial Management, Inc., served as co-lead placement agents for the offering. After underwriting discounts, commissions and other estimated offering expenditures, the net proceeds of the offering total about $11 million.
To view the full press release, visit http://nnw.fm/ipRU0
About Electra Meccanica Vehicles Corp.
Electra Meccanica (NASDAQ: SOLO) is a designer and manufacturer of electric vehicles. The company builds the innovative, all-electric SOLO, a single passenger vehicle developed to revolutionize the way people commute, as well as the Tofino, an elegant high-performance two-seater electric roadster sports car. Both vehicles are tuned for the ultimate driving experience while making your commute more efficient, cost-effective and environmentally friendly. Intermeccanica, a subsidiary of Electra Meccanica, has successfully been building high-end specialty cars for 59 years. For more information, visit the company’s website at www.ElectraMeccanica.com.
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive instant SMS alerts, text STOCKS to 77948
For more information please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
[email protected]