Arcimoto exchanges 6.18M warrants for 2.96M shares + 2.92M pre-funded warrants

Arcimoto Inc

6,180,558 warrants exchanged for 2,958,588 common shares and 2,921,749 pre-funded warrants; closed April 2, 2024.
Exchange ratio based on Black Scholes value of warrants divided by April 1 closing price of common stock.
Securities issued under Section 3(a)(9) exemption; no underwriting commissions paid.
Transaction dilutes existing shareholders by adding ~5.88M new common-equivalent shares.

item 1.01 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Arcimoto Inc entered into Exchange Agreements with certain holders of its warrants (effective 2024-04-02).

Action: entry
Agreement: equity purchase
Counterparty: certain holders of its warrants
Effective: 2024-04-02

Exact text from the filing

On April 2, 2024, Arcimoto, Inc., an Oregon corporation (the “ Company ” or “ Arcimoto ”), entered into Exchange Agreements (the “Exchange Agreements”) with certain holders of its warrants for the purchase of shares of common stock.

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380 material agreements filed in the last 30 days. Browse all material agreements →

Source: SEC EDGAR

accession 0001213900-24-029580

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