---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-033340"
form_type: "8-K"
ticker: "EVTV"
cik: "0001563568"
company_name: "Envirotech Vehicles, Inc."
filed_at: "2024-11-05T23:59:59+00:00"
generated_at: "2026-05-30T05:20:17.673967+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Envirotech Vehicles acquires Maddox Industries for 3.1M shares plus up to $1M earnout

## Summary
- Acquisition of all membership interests of Maddox Industries, a Puerto Rico-based government contracting firm.
- Consideration: 3,100,000 shares of EVTV common stock (subject to 19.99% cap) and up to $1M earnout on receivables.
- Maddox has managed over $1B in U.S. government contracts; acquisition includes a 3-year manufacturing deal at EVTV's 580,000 sq ft facility.
- Expected to create over 250 jobs in Osceola, AR; targets electric ambulances, police vehicles, school buses, and USPS vans.
- EVTV plans to monetize carbon credits and leverage Maddox's drone program for defense and logistics.

## SEC filing metadata
- accession: 0001437749-24-033340
- form_type: 8-K
- ticker: EVTV
- cik: 0001563568
- company_name: Envirotech Vehicles, Inc.
- filed_at: 2024-11-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1563568/000143774924033340/0001437749-24-033340-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1563568/000143774924033340/adom20241105_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-033340
- JSON: https://secwatch.observer/filing/0001437749-24-033340.json
- Plain text: https://secwatch.observer/filing/0001437749-24-033340.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.