{"id":1903,"date":"2021-06-23T21:53:07","date_gmt":"2021-06-23T20:53:07","guid":{"rendered":"https:\/\/esgfireat40.frontender.se\/uncategorized\/aenean-lobortis-sapien-enim-viverra-molestie-cursus-4\/"},"modified":"2022-01-25T09:54:02","modified_gmt":"2022-01-25T08:54:02","slug":"vicinity-motor-corp-receives-7-5-million-in-proceeds-from-accelerated-warrant-exercises","status":"publish","type":"post","link":"https:\/\/esgfire.com\/en\/vicinity-motor-corp\/vicinity-motor-corp-receives-7-5-million-in-proceeds-from-accelerated-warrant-exercises\/","title":{"rendered":"Vicinity motor corp. receives $7.5 million in proceeds from accelerated warrant exercises"},"content":{"rendered":"

Company: Vicinity Motor Corp(formerly Grande West Transportation )
\nListings :TSXV<\/a>\u00a0,\u00a0US OTC<\/a>\u00a0SOON to be up listed at Nasdaq<\/a>
\nTicker: VMC.V (previously\u00a0BUS<\/a>\u00a0,)\u00a0<\/strong>BUSXF<\/a>\u00a0at US OTC
\nMarket cap at time of publication: $208 MCAD
\nStock price at time of publication: $6,94 CAD ( reverse split price 2,31 CAD)
\nBusiness: Leading supplier of electric, CNG, gas and clean-diesel buses for
\nboth public and commercial enterprise use in the U.S and Canada
\nComparable peer :\u00a0Greenpower Motor\u00a0<\/a>, Market cap $472 MCAD
\nWebsite:\u00a0https:\/\/vicinitymotorcorp.com\/<\/a><\/p>\n

Vicinity Motors today announced the receipt of $7.5 million through the exercise of 1,924,726 warrants since the beginning of the first quarter of 2021.<\/a><\/p>\n

The majority of the warrants exercised were since the date that Vicinity initiated the acceleration provision of its outstanding warrants issued in connection with its October 2020 private placement. As of the date of this press release, zero warrants remain outstanding in Vicinity.<\/p>\n

\u201cWe are pleased to have received $7.5 million in proceeds from these warrant exercises, further fortifying our balance sheet,\u201d said William Trainer, Founder and Chief Executive Officer of Vicinity Motor Corp. \u201cThis stands as a testament to the value our shareholders see in our future prospects, and we would like to thank them for their ongoing support. We look forward to continued operational execution in the months ahead as we march towards a near-term targeted Nasdaq uplisting.\u201d<\/p>\n

 <\/p>\n

We own shares of this company personally.<\/strong><\/p>\n

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. My posts are made for Educational purposes only and are not to be interpreted as tips , financial advise or recommendations of any kind to either buy or sell any stocks.<\/strong><\/p>\n

Companies may or may not be paying us for content posted on this blog.<\/p>\n","protected":false},"excerpt":{"rendered":"

Company: Vicinity Motor Corp(formerly Grande West Transportation ) Listings :TSXV\u00a0,\u00a0US OTC\u00a0SOON to be up listed at Nasdaq Ticker: VMC.V (previously\u00a0BUS\u00a0,)\u00a0BUSXF\u00a0at US OTC Market cap at time of publication: $208 MCAD Stock price at time of publication: $6,94 CAD ( reverse split price 2,31 CAD) Business: Leading supplier of electric, CNG, gas and clean-diesel buses for […]<\/p>\n","protected":false},"author":1,"featured_media":1908,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[148,128,9],"tags":[],"class_list":["post-1903","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-posts","category-reports-news-interviews","category-vicinity-motor-corp"],"yoast_head":"\nVicinity motor corp. receives $7.5 million in proceeds from accelerated warrant exercises - 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