Highest-materiality recent filing
Microvast CEO converts $25M loan to equity; CAO Eric Garcia departs
Eric N. Garcia ceased as Chief Accounting Officer on May 27, 2026; departure details not provided.
Microvast Q1 revenue down 48% to $60.6M; non-GAAP net loss of $14.6M
Revenue $60.6M, down 48% YoY from $116.5M; net profit $48.2M ($0.15 EPS) vs $61.8M ($0.19).
Full year net loss improved to $29.2M from $195.5M; non-GAAP adjusted net profit of $13.0M.
Microvast appoints Eric Garcia CAO and Rodney Worthen as permanent CFO
Eric Garcia appointed Chief Accounting Officer, effective Jan 9, 2026; base salary $350k, target bonus 50%, $100k RSU grant.
Microvast Q3 revenue record $123.3M (+21.6% YoY); GAAP net loss $1.5M, but adjusted EBITDA +$21.9M
Record Q3 revenue of $123.3M vs $101.4M a year ago, up 21.6%.
Microvast annual meeting elects Wei Ying as Class I director; ratifies Deloitte as auditor
Wei Ying elected as Class I director with 123,485,834 votes for, 13,349,205 withheld; 55,865,084 broker non-votes.
Microvast enters $125M ATM equity sales agreement with Cantor and Needham
Company may sell up to $125M of common stock on an at-the-market basis through Cantor Fitzgerald and Needham.
Microvast Q2 revenue $91.3M record, positive EBITDA $25.9M; adjusts gross margin guide
Revenue $91.3M (+9.2% YoY); gross margin 34.7% vs 32.5% YoY.
Microvast appoints Rodney Worthen as Interim CFO effective August 7, 2025
Appointed Rodney Worthen, VP of Corporate Strategy, as Interim CFO, effective immediately.
Microvast CFO Carl T. (Pat) Schultz ceases employment effective July 29, 2025
CFO Carl T. (Pat) Schultz ceased employment on July 29, 2025; no reason disclosed in filing.
Microvast Q1 revenue record $116.5M (+43% YoY); swings to GAAP net profit $61.8M
Revenue $116.5M, up 43.2% YoY; gross margin 36.9% vs 21.2% (15.7pp improvement).
Microvast appoints Pat Schultz as CFO; Fariyal Khanbabi departs April 7
Fariyal Khanbabi ceased as CFO on April 7, 2025; no reason given.
Microvast reports FY2024 revenue up 23.9% to $379.8M; net loss widens to $195.5M
Revenue $379.8M (+23.9% YoY); Q4 record $113.4M (+8.4% YoY).
Microvast restates Q2 and Q3 2024 results on Clarksville impairment error
Audit committee concludes Q2 and Q3 2024 financials no longer reliable due to errors in impairment of Clarksville, TN facility.
Microvast extends loan maturity date to May 28, 2026 with CEO Yang Wu as lender
Amended Loan and Security Agreement extends maturity from Nov 28, 2025 to May 28, 2026.
CFO Fariyal Khanbabi appointed Principal Accounting Officer after CAO Gao resignation
Lu Gao resigned as Chief Accounting Officer effective January 31, 2025.
Microvast CAO resigns; CEO, President, COO get base salary increases and equity grants
CAO Lu Gao resigns effective Dec 1, 2024 for personal reasons; stays through Jan 31, 2025 or earlier.
Microvast Q3 2024 revenue $101.4M (+26.6% YoY); net profit $13.2M vs Q3 2023 loss
Revenue $101.4M (+26.6% YoY); gross margin expanded to 33.2% from 22.3%.
Microvast annual meeting elects three Class III directors, ratifies auditor
Yang Wu, Isida Tushe, and Yixin Pan elected as Class III directors with 152.8M, 145.8M, and 152.8M votes for, respectively.
Microvast appoints Fariyal Khanbabi as CFO, effective Oct 21
Fariyal Khanbabi appointed CFO; start date October 21, 2024.
Nasdaq granted Microvast until March 24, 2025 to meet the $1.00 minimum bid price requirement.
Microvast CFO Yaser Ali resigns effective immediately; search for successor launched
Yaser Ali resigned as CFO on August 19, 2024, effective immediately.
Microvast board member Yanzhuan Zheng resigns, effective by 2024 annual meeting
Director Yanzhuan Zheng submitted resignation on August 16, 2024, effective no later than the 2024 annual meeting.
Microvast Q2 revenue rises 11.6% to $83.7M but net loss widens to $78.4M
Record Q2 revenue $83.7M (+11.6% YoY); gross margin rose 17.2 ppt to 32.5%.
Two Microvast directors resign; Vogel effective July 7, Balladon by 2024 annual meeting
Stephen A. Vogel resigned from board, Compensation and Nominating committees effective July 7, 2024.
Microvast appoints Yaser Ali as CFO effective July 5, 2024
Yaser Ali appointed Chief Financial Officer, effective July 5, 2024.
Microvast enters $25M loan with CEO; warrant for 5.5M shares at $2.00
$12M initial term loan funded; $13M delayed draw available until July 8, 2024.
On May 27, 2026, Eric N. Garcia ceased to be employed as Chief Accounting Officer of Microvast Holdings, Inc. (the “Company”).
On April 7, 2025, Fariyal Khanbabi ceased to be employed as Chief Financial Officer of Microvast Holdings, Inc.
On April 3, 2025, the Company made an offer of employment to Carl T. “Pat” Schultz pursuant to which Mr. Schultz will serve as the Company’s Chief Financial Officer
Lu Gao resigned from her role as the Company’s Chief Accounting Officer, effective January 31, 2025
the Company’s Board of Directors appointed Fariyal Khanbabi, the Company’s Chief Financial Officer, to serve as the Company’s Principal Accounting Officer.
On October 14, 2024, Microvast Holdings, Inc. (the “Company”) entered into an employment offer letter with Fariyal Khanbabi pursuant to which Ms. Khanbabi will serve as the Company’s Chief Financial Officer (the “Offer Letter”).
On August 19, 2024, Yaser Ali resigned from his role as Chief Financial Officer of Microvast Holdings, Inc. (the “Company”), effective immediately.
On August 16, 2024, Yanzhuan Zheng submitted his resignation from the Board of Directors of Microvast Holdings, Inc. (the “Company”), effective no later than the Company’s 2024 Annual Meeting of Stockholders.
On July 10, 2024, Yeelong Tan Balladon submitted her resignation from the Board of Directors and as a member of the Audit Committee, the Compensation Committee and the Nominating and Corporate Governance Committee of the Company, effective no later than the Company’s 2024 Annual Meeting of Stockholders.
On July 7, 2024, Stephen A. Vogel submitted his resignation from the Board of Directors and as a member of the Compensation Committee and the Nominating and Corporate Governance Committee of Microvast Holdings, Inc. (the “Company”), effective July 7, 2024.
On June 28, 2024, Microvast Holdings, Inc. (the “Company”) approved the appointment of Mr. Yaser Ali to Chief Financial Officer of the Company, effective July 5, 2024.
Max materiality 0.85 · Median 0.65 · Most common event leadership