Beyond Commerce signs binding LOI to acquire exclusive U.S. rights to Elettricars' low-speed EV

Beyond Commerce, Inc.

Deposited $50,000 into escrow; funds returnable if transaction fails, else released to Elettricars.
Elettricars is an Italian automotive engineering firm founded by the Abrami family with over 30 years of experience.
Global low-speed EV market estimated at $1B in 2021, projected to reach $4.9B by 2026 (15.4% CAGR).
Definitive agreement subject to due diligence and negotiation; LOI includes no-shop clause.
Company's CEO cites LSEV growth driven by EV infrastructure, declining costs, and emissions regulations.

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