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Vicinity Motor Corp V.VMC

Alternate Symbol(s):  VEV

Vicinity Motor Corp. is a Canada-based supplier of electric vehicles for both public and commercial enterprise use. The Company is engaged in the production and sale of buses and spare parts in North America. It leverages a dealer network and close relationships with manufacturing partners to supply its flagship electric, compressed natural gas (CNG) and clean-diesel vicinity buses, the VMC 1200 electric truck and a VMC Optimal-EV shuttle bus. In addition, the Company sells its electric chassis alongside J.B. Poindexter business unit EAVX, which is the Company's partner, for upfitting into delivery vehicles. The Company's various buses and truck models include Vicinity Lightning EV, Vicinity Classic and VMC 1200. Its geographic segments include United Stated and Canada. The Company’s subsidiaries include Vicinity Motor (Bus) USA Corp. and Vicinity Motor (Bus) Corp.


TSXV:VMC - Post by User

Comment by MrAnswerson Oct 21, 2021 9:55am
169 Views
Post# 34032043

RE:US$17 Million Underwritten Public Offering

RE:US$17 Million Underwritten Public Offering Another brutal equity issue; at least the share price is a little higher than the last equity issue they did but once again super dilutive. Debt is dirt cheap yet these guys keep diluting shareholders. Sure hope they get a decent return on this investment or our investment will officially be garbage, if it isnt already. If they use any of this cash to pay bush league youtube marketers like they did at the start of the year we are hooped. Maybe if they spent that money on a sales team to sell product instead of selling their stock we would not have had this equity issue. 
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