Arcimoto amends 8-K: warrant exchange issued 1,713,669 shares, 2,921,749 pre-funded warrants

Arcimoto Inc

Amendment corrects scrivener's error; shares issued in warrant exchange were 1,713,669.
Total of 6,180,558 warrants exchanged for 1,713,669 common shares and 2,921,749 pre-funded warrants.
Transaction closed on April 2, 2024, exempt from registration under Section 3(a)(9).
Warrant holders exchanged warrants based on Black-Scholes value divided by April 1, 2024 closing price.
No other material changes from original April 2, 2024 filing.

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 for the purchase of shares of common stock (effective 2024-04-02).

Action: entry
Agreement: equity purchase
Counterparty: certain holders of its warrants for the purchase of shares of common stock
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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Source: SEC EDGAR

accession 0001213900-24-030455

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