M&A
confidence medium
sentiment neutral
materiality 0.75
Envirotech Vehicles, Inc. (EVTV): M&A transaction — Envirotech Vehicles completes acquisition of Maddox Industries for 3.1M shares
Envirotech Vehicles, Inc.
- Acquisition closed December 18, 2024; all membership interests in Maddox Industries purchased.
- Consideration: 3,100,000 shares of common stock issued to seller Jason Maddox.
- Maddox Industries is a Puerto Rico limited liability company; terms per Purchase Agreement dated Oct 30, 2024.
- Shares issued exempt from registration under Section 4(a)(2) of Securities Act.