EV Maker Envirotech plans to raise up to $50M in offering

By McCord Pagan (May 4, 2022, 6:21 p.m. EDT) — Commercial electric vehicle maker Envirotech Vehicles Inc. announced Wednesday that it plans to raise up to $50 million in an offering on the Nasdaq guided by K&L Gates LLP and underwriters’ attorney Pryor Cashman LLP.

Envirotech, based in Osceola, Arkansas, already trades on OTC markets. He did not specify how many shares he would sell or at what price, but said proceeds from the offering would be used for working capital and potentially to invest in or acquire other businesses, according to a filing. of the United States Securities and Exchange Commission.

“We are a provider of purpose-built zero-emission electric vehicles…

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Virginia C. Taylor