other material
confidence high
sentiment neutral
materiality 0.50
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.