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.
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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.
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