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E-Cite Motors Executes Stock Lockup Agreement Eliminating 90% of Potential Conversions, Strengthening Capital Structure and Protecting Shareholders
E-Cite Motors Executes Stock Lockup Agreement Eliminating 90% of Potential Conversions, Strengthening Capital Structure and Protecting Shareholders.
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[{"type":"text","content":"\r\n\r\n \r\n \r\n E-Cite Motors Executes Stock Lockup Agreement Eliminating 90% of Potential Conversions, Strengthening Capital Structure and Protecting Shareholders\r\n \r\n \r\n\r\n\r\nE-Cite Motors Executes Stock Lockup Agreement Eliminating 90% of Potential Conversions, Strengthening Capital Structure and Protecting Shareholders\r\n\r\n\r\n\r\n\r\n\r\n90% of Potential Conversions Wiped Out as Largest Investor Commits to One-Year Lockup, Signaling Strong Belief in E-Cite's Future, Eliminating Dilution Threat and Securing Long-Term Growth Support Clearing the Path for Cleaner Capital Structure and Accelerated Growth BOTHELL, WASHINGTON / ACCESS Newswire / September 30, 2025 / E-Cite Motors Group, Inc. (OTCID:VAPR), a leader in low-volume electric vehicle manufacturing, today announced that it has executed a lockup agreement with its largest noteholder, Capital Consulting, Inc., effectively eliminating approximately 90% of any potential conversions that could impact the Company's share structure over the next twelve months.\r\n Under the terms of the agreement, Capital Consulting has committed to a one-year lockup period prohibiting any conversions of existing or future notes. During this period, E-Cite intends to proactively retire its outstanding obligations, beginning with notes carrying the lowest conversion rates and working systematically upward.\r\n \"This lockup agreement is the single greatest step we could take to protect and enhance shareholder value,\" said Barry Henthorn, CEO of E-Cite Motors. \"We are very thrilled to have the support of our largest investor, who has demonstrated their commitment to put the position of the Company and its shareholders first. Their belief in the long-term viability of E-Cite, especially given our recent developments, is a critical endorsement and a major vote of confidence for our future.\"\r\n Mark Schaftlein, Principal of Capital Consulting, Inc., stated:\"As VAPR's largest noteholder, we believe it is imperative to support the Company in achieving the most advantageous capital structure possible for its shareholders. By entering into this lockup agreement, we are reinforcing our confidence in E-Cite's long-term vision and its ability to execute on recent milestones. Our commitment ensures that management can focus on growth and capital development while shareholders are protect...