Business
Envirotech Vehicles Announces Plans to List its Shares on Nasdaq
OSCEOLA, AR / ACCESSWIRE / June 22, 2022 / Envirotech Vehicles, Inc. (OTCQX:EVTV), a provider of new zero-emission, purpose-built electric vehicles (the
About this update from Envirotech Vehicles, Inc.
[{"type":"text","content":"OSCEOLA, AR / ACCESSWIRE / June 22, 2022 / Envirotech Vehicles, Inc. (OTCQX:EVTV), a provider of new zero-emission, purpose-built electric vehicles (the \"Company\"), today announced that it has filed an application to commence its previously announced planned listing of the Company's securities on the Nasdaq Capital Market (\"Nasdaq\"). The Company believes an uplisting to Nasdaq will raise its visibility and recognition among investment community audiences. Nasdaq is the world's leading exchange for technology companies, including emerging markets such as the electric vehicles sector. Envirotech Vehicles' management believes an uplisting will enhance the Company's value. The listing of the Company's common shares on Nasdaq remains subject to the approval of that exchange and the satisfaction of all applicable listing requirements. In preparation for the uplisting, the Company plans to execute a reverse stock split to satisfy the minimum share price requirement. Phillip Oldridge, CEO of Envirotech Vehicles, commented, \"We believe an uplisting to Nasdaq will enhance our visibility among investor audiences, add additional flexibility to execute our strategic and operational plans and heighten awareness of the Envirotech Vehicles brand. This is an exciting time for our industry and our Company as businesses and fleet owners transition to greener transportation and we remain focused on building the business and driving enhanced value for our shareholders.\" About Envirotech VehiclesEnvirotech Vehicles, Inc. is a provider of purpose-built zero-emission electric vehicles focused on reducing the total cost of vehicle ownership and helping fleet operators unlock the benefits of green technology. We serve commercial and last-mile fleets, school districts, public and private transportation service companies and colleges and universities to meet the increasing demand for heavy-duty electric vehicles. Our vehicles address the challenges of traditional fuel price cost instability and local, state and federal environmental regulatory compliance. For more information visit https://evtvusa.com/investor-relations/.Cautionary Statement Regarding Forward-Looking StatementsStatements made in this press release that relate to future plans, events, financial results, prospects or performance are forward-looking statements. While they are based on t...