Envirotech Vehicles, Inc. (EVTV): debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Envirotech Vehicles, Inc. incurred senior notes of $4,000,000 with YA II PN, Ltd. at 5.0% per annum, subject to a potential increase to 18.0% per annum upon the occu maturing March 6, 2027.

Instrument: senior notes
Principal: $4,000,000
Counterparty: YA II PN, Ltd.
Rate: 5.0% per annum, subject to a potential increase to 18.0% per annum upon the occu
Maturity: March 6, 2027
Event: incurrence

Exact text from the filing

On March 6, 2026, Envirotech Vehicles, Inc., a Delaware corporation (the “Company”), entered into a securities purchase agreement (the “Purchase Agreement”) with YA II PN, Ltd. (the “Buyer”), pursuant to which the Company agreed to issue and sell to the Buyer, and the Buyer agreed to purchase from the Company, debentures (the “Debentures”) in the aggregate principal amount of $11,000,000 (the “Subscription Amount”) in two tranches with the purchase price of the Debentures in each tranche being equal to 96% of the Subscription Amount to be purchased.

View on SEC.gov

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Envirotech Vehicles, Inc. issued 1,291,778 shares of warrant to YA II PN, Ltd. for commitment fee.

Security: warrant
Shares: 1,291,778 shares
Purchaser: YA II PN, Ltd.
Consideration: commitment fee

Exact text from the filing

the Company issued to the Buyer warrants to purchase up to 1,291,778 shares of Common Stock at an exercise price of $0.01 per share

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Envirotech Vehicles, Inc. entered into Warrants with YA II PN, Ltd. (effective 2026-03-06).

Action: entry
Counterparty: YA II PN, Ltd.
Effective: 2026-03-06

Exact text from the filing

the Company issued to the Buyer warrants to purchase up to 1,291,778 shares of Common Stock at an exercise price of $0.01 per share (the “Warrants”)

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Envirotech Vehicles, Inc. entered into Purchase Agreement with YA II PN, Ltd. valued at $11,000,000 (effective 2026-03-06).

Action: entry
Agreement: equity purchase
Counterparty: YA II PN, Ltd.
Value: $11,000,000
Effective: 2026-03-06

Exact text from the filing

On March 6, 2026, Envirotech Vehicles, Inc., a Delaware corporation (the “Company”), entered into a securities purchase agreement (the “Purchase Agreement”) with YA II PN, Ltd. (the “Buyer”), pursuant to which the Company agreed to issue and sell to the Buyer, and the Buyer agreed to purchase from the Company, debentures (the “Debentures”) in the aggregate principal amount of $11,000,000 (the “Subscription Amount”) in two tranches

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Envirotech Vehicles, Inc. entered into Debentures with YA II PN, Ltd. valued at $11,000,000 (effective 2026-03-06).

Action: entry
Agreement: notes offering
Counterparty: YA II PN, Ltd.
Value: $11,000,000
Effective: 2026-03-06

Exact text from the filing

in the aggregate principal amount of $11,000,000 (the “Subscription Amount”) in two tranches with the purchase price of the Debentures in each tranche being equal to 96% of the Subscription Amount to be purchased.

View on SEC.gov

114 debt financings filed in the last 30 days. Browse all debt financings →

Envirotech Vehicles, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-26-007368

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