other material
confidence high
sentiment neutral
materiality 0.55
Envirotech Vehicles raises $773,748 in private placements, issues 505,051 shares on conversion
Envirotech Vehicles, Inc.
- Six private placements from Feb to May 2024 raised $773,748.62 at $2.00-$2.25 per share.
- On May 3, two placements of 85,387 shares each at $2.13/share closed for total $363,748.62.
- On May 1, 505,051 shares issued to Gerald Douglas Conrod upon conversion of $1M note at $1.98/share.
- Private placements exempt under Section 4(a)(2); conversion exempt under Section 3(a)(9).
- Issuances since Jan 29, 2024 exceeded 5% of outstanding common stock.