Envirotech Vehicles signs $25M standby equity purchase agreement with YA II PN

Envirotech Vehicles, Inc.

Company may sell up to $25M in common stock (EVTV) at 96% or 97% of market price over 36 months.
Sale limited to 19.99% of outstanding shares unless stockholder approval or average price ≥ $1.868.
Investor cannot own more than 4.99% of outstanding shares; Exchange Cap set at 3,297,883 shares.
Company issued 64,103 commitment shares (0.5% of commitment amount) plus $25,000 structuring fee.
Company can terminate agreement with five trading days' notice; no minimum advance required.

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