Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.95
Arcimoto Inc: Filed Certificate of Designation for Series D Preferred Stock (effective 2023-08-14).
- Change
- charter amendment
- Effective
- 2023-08-14
Exact text from the filing
On August 14, 2023, the Company filed a Certificate of Designation of Preferences, Rights and Limitations with the Secretary of State of the State of Oregon designating 8,466 shares out of the authorized but unissued shares of its preferred stock as Series D Preferred Stock
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Arcimoto Inc entered into Securities Purchase Agreement with the investors named therein (the "Purchasers") valued at $4,515,000 (effective 2023-08-15).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- the investors named therein (the "Purchasers")
- Value
- $4,515,000
- Effective
- 2023-08-15
Exact text from the filing
On August 15, 2023, Arcimoto, Inc., an Oregon corporation (the " Company "), entered into a Securities Purchase Agreement (the " Purchase Agreement ") with the investors named therein (the " Purchasers "), pursuant to which the Company sold, in a private placement, an aggregate of (i) up to 8,466 shares (the " Series D Preferred Shares ") of the Company’s 8% Series D Convertible Preferred Stock, stated value $1,000 per share (the " Series D Preferred Stock ")
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