Envirotech Vehicles raises $1M via convertible note with 800K warrants

Envirotech Vehicles, Inc.

Issued $1M convertible promissory note to investor Gerald Douglas Conrod in private placement.
Note matures at earlier of next S-1 filing or September 30, 2024; includes $99K origination fee.
Investor receives 800,000 warrants to buy common stock at $1.50/share, expiring 2 years from note date.
Conversion price is greater of $1.50 or 90% of Nasdaq closing price on conversion date.

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