"ADOMANI(R) and Envirotech Drive Systems Announce Closing of Merger Creating North America’s Premier Manufacturer of All-Electric Zero-Emission Class 3, 4, 5 and 6 Vehicles Combined company brings expertise, a customer-ready product line and cost efficiency to commercial electric vehicle industry CORONA, CA / ACCESSWIRE / March 17, 2021 / ADOMANI, Inc. (OTCQB:ADOM), (DBA Envirotech Vehicles) a provider of new zero-emission purpose-built electric vehicles and drivetrain solutions, today announced the completion of a merger with Envirotech Drive Systems, Inc. ("EVT"), North America's first and only 6:53 "Adomani has acquired EVT through a share exchange transaction whereby shares of common stock of ADOMANI have been exchanged for shares of common stock of EVT. The exchange has been executed via a reverse triangular merger transaction involving a newly formed subsidiary of ADOMANI that has merged with and into EVT, with EVT surviving the merger as a wholly-owned subsidiary. EVT stockholders hold approximately 56% of the total outstanding shares of common stock of ADOMANI."... GidDy uP ADOM...
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.