ADOM 0.58 announced that it executed a merger agreement with Envirotech Drive Systems, Inc. ("EVT"), North America's first and only manufacturer of purpose-built all-electric zero-emission Class 3, 4, 5, and 6 vehicles. The company previously announced in December 2020 that it had entered into a non-binding letter of intent with EVT. Upon completion of the merger transaction, expected to close in the first quarter, the stockholders of EVT will hold approximately 56% of the total outstanding shares of common stock of ADOMANI.