---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-068274"
form_type: "8-K"
ticker: null
cik: "0001558583"
company_name: "Arcimoto Inc"
filed_at: "2023-08-16T23:59:59+00:00"
generated_at: "2026-06-11T08:21:38.849741+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Arcimoto raises $6.77M via Series D Preferred and warrant offering to fund working capital

## Summary
- First close of $4.515M on Aug 15; second $2.258M tranche subject to shareholder approval and SEC registration.
- Series D Preferred: 8% cumulative dividend, stated value $1,000, convertible at $1.20, 20% original issue discount.
- Warrants to purchase up to 14.1M shares at $1.50, 5-year term; exercisable after 6 months or upon approval/registration.
- CEO Chris Dawson: funds to scale production, support dealers, accelerate path to profitability.
- Special Equities Group (Dawson James Securities) acted as sole placement agent.

## SEC filing metadata
- accession: 0001213900-23-068274
- form_type: 8-K
- cik: 0001558583
- company_name: Arcimoto Inc
- filed_at: 2023-08-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.03, 3.02, 3.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1558583/000121390023068274/0001213900-23-068274-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1558583/000121390023068274/ea183630-8k_arcimoto.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-068274
- JSON: https://secwatch.observer/filing/0001213900-23-068274.json
- Plain text: https://secwatch.observer/filing/0001213900-23-068274.txt

## Key facts
- Governance Changes
  Arcimoto Inc: Filed Certificate of Designation for Series D Preferred Stock (effective 2023-08-14).
  - Change: charter amendment
  - Effective: 2023-08-14
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1558583/000121390023068274/0001213900-23-068274-index.htm
- Material Agreements
  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
  source text: 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 ")
  evidence_url: https://www.sec.gov/Archives/edgar/data/1558583/000121390023068274/0001213900-23-068274-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.