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Vicinity Motor Corp V.VMC

Alternate Symbol(s):  VEVMQ

Vicinity Motor Corp. is a Canada-based supplier of electric vehicles for both public and commercial enterprise use. The Company leverages a dealer network and close relationships with manufacturing partners to supply its flagship electric, compressed natural gas (CNG) and clean-diesel vicinity buses, as well as the VMC 1200 electric truck to the transit and industrial markets. Its geographic segments include United Stated, and Canada. The Company's various buses and truck models include Vicinity Lightning EV, Vicinity Classic and VMC 1200. The Company’s subsidiaries include Vicinity Motor (Bus) USA Corp., and Vicinity Motor (Bus) Corp.


TSXV:VMC - Post by User

Comment by sorrensonon Aug 05, 2024 12:33pm
125 Views
Post# 36164727

RE:RE:delisting?

RE:RE:delisting?Im pretty sure the comapny not answering any  shareholder questions and remaining silent will drive this stock well over the dollar mark  ...Oh wait

Hey maybe they can announce  a 1000 unit deal that has zero chance of happening to drive it over the dollar..... 

But its ok folks there is 120 million backlog and all will be fine........ hahahahahaha

I believ they can do a 10 to one reverse split to hold Nasdaq?  Maybe go 20 to 1 so we can  all  short it into the ground, 

Pandora wrote:
ForesstGump wrote: How much time before the Nasdaq delisting?


VANCOUVER, BC / ACCESSWIRE / April 24, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it received a letter from The Nasdaq Stock Market LLC ("Nasdaq"), dated April 23, 2024, notifying the Company that Nasdaq has determined that the Company is eligible for an additional 180 calendar day period to regain compliance with Nasdaq's minimum US$1.00 bid price per share requirement for continued listing on The Nasdaq Capital Market as set forth under Nasdaq Listing Rule 5550(a)(2) (the "Bid Price Requirement"), following the expiration on April 22, 2024 of the initial 180 calendar day period to regain compliance.

As previously disclosed, the Company was initially notified by Nasdaq on October 24, 2023 that the Company was not in compliance with the Bid Price Requirement for a period of 30 consecutive business days, and Nasdaq granted the Company a period of 180 calendar days, or until April 22, 2024, to regain compliance with the Bid Price Requirement.

As a result of the extension, the Company now has until October 21, 2024, to regain compliance with the Bid Price Requirement. To regain compliance, the Company's common shares must have a closing bid price of at least US$1.00 per share for a minimum of 10 consecutive business days, at which point the matter will be closed.

The receipt of the letter from Nasdaq has no immediate effect on the listing or trading of the Company's shares, which will continue to trade on The Nasdaq Capital Market under the symbol "VEV." The Company will monitor the closing price for its common shares during the extended compliance period and intends to take all reasonable measures available to regain compliance under the Bid Price Requirement and to maintain the listing of its common shares on The Nasdaq Capital Market.




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