Envirotech Vehicles enters $11M debenture financing with YA II PN; $4M funded, warrants issued

Envirotech Vehicles, Inc.

First closing of $4M principal debentures at 96% of par; gross proceeds ~$10.5M after $25k fee.
5% annual interest (18% on default); matures March 6, 2027; monthly installments begin June 6, 2026 or earlier upon S-1 effectiveness.
Warrants for 1,291,778 shares at $0.01/share, immediately exercisable for 60 months.
Second $7M tranche contingent on SEC declaring resale registration statement effective.

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