VANCOUVER, BC / ACCESSWIRE / October 25, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company") today announced that all members of the Board of Directors have resigned from the Company.On October 21, 2024 Royal Bank of Canada was granted a petition for Receivership of Vicinity Motor Corp. by the Superior Court of British Columbia. Since the grant of Receivership, none of the Board Members has been contacted by the Receiver(s). As this appointment is considered a ‘Change of Control', the entire Board of Directors consisting of Joseph Miller, Andrew Imanse, William Trainer, Chris Strong, James White and John LaGourgue have resigned from the Board. Tina Stewart, Chief

VANCOUVER, BC / ACCESSWIRE / October 23, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company") today announced that it has received a letter from the Nasdaq Listing Qualifications Department notifying the Company of its failure to meet the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2).The letter stated that as of October 21, 2024, the Company's stock had not regained compliance, as its shares continued to trade below $1. Additionally, the Company received a separate delisting determination based on its recent entry into receivership pursuant to the Order of the Supreme Court of British Columbia. In light of the receivership filing, Nasdaq has d

PricewaterhouseCoopers LLP Resigns as Auditor; BC Securities Commission Expected to Cease Trading by Monday, October 21, 2024 VANCOUVER, BC / ACCESSWIRE / October 18, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company") today announced that Royal Bank of Canada ("RBC") has notified the company that it intends to file a receivership order on Monday, October 21, 2024. Concurrently, PricewaterhouseCoopers LLP has resigned as the Company's auditor. The Company expects that the BC Securities Commission will cease trading of Vicinity Motor Corp. common stock by Monday, October 21, 2024.Company Contact:Vicinity Motor Corp.(604) 607-4000Neither the TSX-V nor its Regulatio

VANCOUVER, BC / ACCESSWIRE / October 11, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it has not been successful renegotiating terms with Royal Bank of Canada ("RBC") or Export Development Canada ("EDC" and together with RBC, the "Creditors").As disclosed in the Company's publicly filed interim financial statements for the three months ended March 31, 2024, the credit facilities were set be renewed on a yearly basis, at the discretion of the Creditors, on July 16, 2024. The Company had actively been working with RBC and EDC on securing a renewal, but as previously announced by

VANCOUVER, BC / ACCESSWIRE / September 25, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles today provides an update to its news release dated August 14, 2024 (the "Announcement") announcing its request for a management cease trade order (the "MCTO") relating to the late filing of the Company's interim financial statements, MD&A and applicable CEO and CFO certifications for the six months ended June 30, 2024 (the "Interim Filings").The Company's principal regulator, the British Columbia Securities Commission (the "Commission"), granted the MCTO on August 15, 2024, under National Policy 12-203 - Managem

VANCOUVER, BC / ACCESSWIRE / September 11, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles today provides an update to its news release dated August 14, 2024 (the "Announcement") announcing its request for a management cease trade order (the "MCTO") relating to the late filing of the Company's interim financial statements, MD&A and applicable CEO and CFO certifications for the six months ended June 30, 2024 (the "Interim Filings").The Company's principal regulator, the British Columbia Securities Commission (the "Commission"), granted the MCTO on August 15, 2024, under National Policy 12-203 - Managem

Company to Showcase VMC 1200 Class 3 Electric Truck at Booth #CV50 September 6-8, 2024VANCOUVER, BC / ACCESSWIRE / September 6, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it will showcase the VMC 1200 Class 3 Electric Truck alongside dealer partner Pioneer Motor Group at the "Everything Electric Canada" show taking place September 6-8, 2024 at the Vancouver Convention Centre in Vancouver, Canada.Everything Electric is a global event series focused on promoting EVs, renewable energy, and sustainable tech. Organized by Fully Charged SHOW, known for home energy and electric veh

VANCOUVER, BC / ACCESSWIRE / August 28, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles today provides an update to its news release dated August 14, 2024 (the "Announcement") announcing its request for a management cease trade order (the "MCTO") relating to the late filing of the Company's interim financial statements, MD&A and applicable CEO and CFO certifications for the six months ended June 30, 2024 (the "Interim Filings").The Company's principal regulator, the British Columbia Securities Commission (the "Commission"), granted the MCTO on August 15, 2024, under National Policy 12-203 - Management

Vicinity Seeks to Forge Clear Path Forward in Ongoing Discussions with Creditors VANCOUVER, BC / ACCESSWIRE / August 21, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial buses and electric vehicles, today announced it has reached an agreement with its secured lenders to execute a workout and financial restructuring plan to address the previously announced demands from Royal Bank of Canada and Export Development Canada (the "Secured Lenders") in respect of outstanding credit facilities to progress towards financial stability for the Company.Vicinity and the Secured Lenders have agreed to the terms of the workout for the

Vicinity Intends to Pursue All Available Options Afforded by Law to Resolve These Matters While Continuing to Support its Customer BaseVANCOUVER, BC / ACCESSWIRE / August 9, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced it has received letters from Royal Bank of Canada ("Royal Bank") and Export Development Canada ("EDC") (the " Secured Lenders") which demand full payment of the outstanding debt balances under their respective credit facilities. Royal Bank has demanded payment by August 19, 2024 and EDC has demanded immediate payment. RBC indebtedness totals USD$19,202,242 (the Compa

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PricewaterhouseCoopers LLP Resigns as Auditor; BC Securities Commission Expected to Cease Trading by Monday, October 21, 2024 VANCOUVER, BC / ACCESSWIRE / October 18, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company") today announced that Royal Bank of Canada ("RBC") has notified the company that it intends to file a receivership order on Monday, October 21, 2024. Concurrently, PricewaterhouseCoopers LLP has resigned as the Company's auditor. The Company expects that the BC Securities Commission will cease trading of Vicinity Motor Corp. common stock by Monday, October 21, 2024.Company Contact:Vicinity Motor Corp.(604) 607-4000Neither the TSX-V nor its Regulatio

VANCOUVER, BC / ACCESSWIRE / June 10, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced the appointment of Tina Stewart CPA, CA, a seasoned finance executive, as Chief Financial Officer, succeeding Dan Buckle.Tina Stewart is a respected finance executive with over 20 years of experience in a variety of industries including mining, telecommunications, container terminal operations, and renewable energy. She is skilled in all areas of finance including strategic business planning, public company reporting, treasury, capital allocation and finance transformation. Before joining Vicinity, T

VANCOUVER, BC / ACCESSWIRE / June 5, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced the appointment of Jeff Madura, a veteran commercial vehicle sales executive, as Senior Director of Sales to lead the Company's sales activities throughout North America.Jeff Madura has over 29 years of experience in the transit bus industry as an experienced general manager of national teams focused on bus sales, business development, alternative fuels and zero emission vehicles, technical sales, and dealer sales. Prior to joining Vicinity, he was Director of Public Sector Sales for North America for

Phillips is promoted to the newly created role of PresidentWorking alongside William Trainer, Founder and CEO, Phillips will drive strategic and operational initiatives to streamline production and increase vehicle sales across the Company's industry leading mid-size bus and Class 3 EV truck offerings.Phillips starts with an initial strategic plan focused on milestones related to the onshoring of production for the Lightning bus in Ferndale, WA, augmenting the Canadian dealer network for the VMC 1200 electric trucks, and the formal launch of the VMC 1200 into the U.S. market.VANCOUVER, BC / ACCESSWIRE / April 18, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"

VANCOUVER, BC / ACCESSWIRE / January 18, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today issued a letter to shareholders from CEO and Founder William Trainer.Dear Shareholders,2023 was a year of diversification and expansion for Vicinity, underscored by the success of the VMC 1200 product line and ongoing growth in the electric vehicle (EV) market, bolstered by a growing cadence of sales momentum across all of our product lines. In 2008, we set out with a vision to set us apart from other bus manufacturers in North America by focusing on the "mid-size" bus range with our Vicinity bus product li

Dennis Gore Brings 35+ Years of Experience from Zero Motorcycles, Honda, Mitsubishi Motors and Gillig Bus Among OthersVANCOUVER, BC / ACCESSWIRE / March 31, 2022 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced the appointment of global automotive engineering executive Dennis Gore as Vice President of Engineering.Dennis brings over 35 years' experience in leading the successful development of both traditional and electric vehicles at leading automotive OEMs globally. Prior to joining Vicinity, Dennis was Director of Vehicle Engineering at Gillig Bus, a major heavy duty transit bus

VANCOUVER, BC / ACCESSWIRE / January 26, 2022 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced it has entered into an investor relations agreement with MarketSmart Communications Inc. pursuant to which MarketSmart will provide Canadian investor relations (IR) services to Vicinity."Our 2022 near-term commercial electric vehicle sales momentum is accelerating, and we are looking forward to working with MarketSmart to help share our progress with forward-thinking investors throughout Canada," said William Trainer, Founder and Chief Executive Officer of Vicinity Motor Corp. "MarketSma

Respected Commercial Transportation Veteran to Spearhead New Sales EffortsVANCOUVER, BC / ACCESSWIRE / November 2, 2021 / Vicinity Motor Corp. (NASDAQ:VEV) (TSXV:VMC) (FRA:6LGA) ("Vicinity" or the "Company"), a leading North American supplier of commercial electric vehicles, today announced the appointment of respected commercial transportation veteran Brent Phillips as Senior Director of Sales, North America to lead the Company's sales activities throughout the U.S. and Canada.Brent has over 20 years of experience in the commercial transportation field, with a specific focus on commercial buses and trucks and previous leadership roles at the distribution and manufacturing level including sa

VANCOUVER, BC / ACCESSWIRE / August 1, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it will release financial results for the second quarter ended June 30, 2024, after market close on Wednesday, August 14, 2024.Management will host an investor conference call at 4:30 p.m. Eastern time on Wednesday, August 14, 2024, to discuss Vicinity Motor's second quarter 2024 financial results, provide a corporate update, and conclude with a question-and-answer session from telephone participants. To participate, please use the following information:Second Quarter 2024 Results Conference Ca

VANCOUVER, BC / ACCESSWIRE / May 7, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it will release financial results for the first quarter ended March 31, 2024, after market close on Tuesday, May 14, 2024.Management will host an investor conference call at 4:30 p.m. Eastern time on Tuesday, May 14, 2024, to discuss Vicinity Motor's first quarter 2024 financial results, provide a corporate update, and conclude with a question-and-answer session from telephone participants. To participate, please use the following information:First Quarter 2024 Results Conference CallDate: Tuesday

VANCOUVER, BC / ACCESSWIRE / March 27, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it will now release financial results for the fourth quarter and full year ended December 31, 2023, after market close on Tuesday, April 2, 2024.Management will host the rescheduled investor conference call at 4:30 p.m. Eastern time on Tuesday, April 2, 2024 to discuss Vicinity Motor's fourth quarter and full year 2023 financial results, provide a corporate update, and conclude with a question and answer session from telephone participants. To participate, please use the following information:F

VANCOUVER, BC / ACCESSWIRE / March 19, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it will release financial results for the fourth quarter and full year ended December 31, 2023, after market close on Thursday, March 28, 2024.Management will host an investor conference call at 4:30 p.m. Eastern time on Thursday, March 28, 2024 to discuss Vicinity Motor's fourth quarter and full year 2023 financial results, provide a corporate update, and conclude with a question and answer session from telephone participants. To participate, please use the following information:Fourth Quarter

New Dealerships Expanding VMC 1200 Distribution Network Across North AmericaVANCOUVER, BC / November 13, 2023 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today reported its financial and operational results for the third quarter ended September 30, 2023.Third Quarter 2023 and Subsequent Operational HighlightsOrder backlog as of September 30, 2023 exceeded $150 million, the vast majority of which are for electric vehicles.Revenue increased to $6.5 million in the third quarter of 2023, primarily driven by the delivery of twenty-six (26) VMC 1200 all-electric trucks and eight (8) Vicinity Classic transit

VANCOUVER, BC / ACCESSWIRE / November 7, 2023 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it will release financial results for the third quarter ended September 30, 2023 after market close on Monday, November 13, 2023.Management will host an investor conference call at 4:30 p.m. Eastern time on Monday, November 13, 2023 to discuss Vicinity Motors' third quarter financial results, provide a corporate update, and conclude with a question and answer session from telephone participants. To participate, please use the following information:Q3 2023 Conference Call and WebcastDate: Mond

Production is Now Underway at the Company's U.S. Manufacturing Campus in Ferndale, WashingtonDeliveries of 34 VMC 1200 All-Electric Trucks Generate $4.8M in Revenue at Attractive 23% Gross Margin ProfileVANCOUVER, BC / ACCESSWIRE / August 14, 2023 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today reported its financial and operational results for the second quarter ended June 30, 2023.Second Quarter 2023 and Subsequent Operational HighlightsOrder backlog as of June 30, 2023 exceeded $150 million, the vast majority of which are for electric vehicles.Revenue totaled $4.8 million in the second quarter of

VANCOUVER, BC / ACCESSWIRE / August 8, 2023 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it will release financial results for the second quarter ended June 30, 2023 after market close on Monday, August 14, 2023.Management will host an investor conference call at 4:30 p.m. Eastern time on Monday, August 14, 2023 to discuss Vicinity Motors' second quarter financial results, provide a corporate update, and conclude with a question and answer session from telephone participants. To participate, please use the following information:Q2 2023 Conference Call and WebcastDate: Monday, Augus

U.S. Manufacturing Campus in Ferndale, Washington Preparing for Initiation of Vehicle Assembly Operations in Coming WeeksVANCOUVER, BC / May 15, 2023 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today reported its financial and operational results for the first quarter ended March 31, 2023.First Quarter 2023 and Subsequent Operational HighlightsCurrent order backlog exceeds $150 million, the vast majority of which are for electric vehicles.Assembly operations set to commence at the newly constructed, state-of-the-art, 100,000 square foot U.S. manufacturing campus in Ferndale, Washington in first half o

VANCOUVER, BC / ACCESSWIRE / May 8, 2023 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it will release financial results for the first quarter ended March 31, 2023 after market close on Monday, May 15, 2023.Management will host an investor conference call at 4:30 p.m. Eastern time on Monday, May 15, 2023 to discuss Vicinity Motors' first quarter financial results, provide a corporate update, and conclude with a question and answer session from telephone participants. To participate, please use the following information:Q1 2023 Conference Call and WebcastDate: Monday, May 15, 2023Tim

Shares of The Charles Schwab Corporation (NYSE:SCHW) fell sharply during Tuesday's session following second-quarter results. Charles Schwab said adjusted net income declined 2% Y/Y to $1.465 billion. Adjusted EPS fell 3% Y/Y to 73 cents, beating the consensus of 72 cents, according to data from Benzinga Pro. Charles Schwab shares dipped 7.5% to $69.42 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers Yoshitsu Co., Ltd (NASDAQ:TKLF) jumped 109% to $0.6437 after the company reported a year-over-year increase in FY24 financial results. Silo Pharma, Inc. (NASDAQ:SILO) shares climbed 95.4% to $2.12 after the company obtained an exclusive global l

Vicinity Motor Corp (NASDAQ:VEV) shares are trading lower by 12.8% to $0.56 during Tuesday’s session after the company announced pricing of a $2.5 million registered direct offering. Vicinity will sell 4,807,692 common shares and warrants to purchase an additional 4,807,692 shares at a combined price of $0.52 per share and warrant. The warrants, priced at $0.64 per share, are exercisable immediately and expire in five years. The total proceeds from this offering are expected to be approximately $2.5 million before expenses. The funds will be used for working capital and general corporate purposes. The closing is expected around July 17, pending customary conditions, with A.G.P./Allian

Shares of Match Group, Inc. (NASDAQ:MTCH) rose sharply in today's pre-market trading. Starboard Value has taken a keen interest in Match Group. The hedge fund has accumulated a stake of over 6.5% in the online dating company and is advocating for a potential sale if the company's performance does not improve, The Wall Street Journal reported on Monday, citing people familiar with the matter. Match Group shares jumped 8% to $34.56 in pre-market trading. Here are some other stocks moving in pre-market trading. Gainers Conduit Pharmaceuticals Inc. (NASDAQ:CDT) gained 89.8% to $0.4556 in pre-market trading after declining over 8% on Monday. Meiwu Technology Company Limited (NA

Shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) fell sharply during Monday's session after the company announced a workforce reduction. SolarEdge disclosed a decision to lay off 400 employees. The company stated that 200 of these job cuts are in Israel. The action involves reducing headcount and discretionary spending across all departments. SolarEdge Technologies shares dipped 12.2% to $27.77 on Monday. Here are some other stocks moving in today’s mid-day session. Gainers Autonomix Medical, Inc. (NASDAQ:AMIX) shares climbed 148% to $1.4850 after the company entered into an agreement with RF Innovations to license intellectual property for its Apex 6 Radiofrequency Gener

Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) rose sharply in today's pre-market trading. The company's CEO Devin Nunes issued the following statement in response to the attempted assassination of President Donald J. Trump, “I offer my deepest sympathies to the family of the rally goer killed in Butler, Pennsylvania, and to those who were wounded. I thank God President Trump survived the assassination attempt and is now safe.” Trump Media & Technology Group shares jumped 69.4% to $52.34 in pre-market trading. Here are some other stocks moving in pre-market trading. Gainers Phunware, Inc.  (NASDAQ:PHUN) gained 53.8% to $8.97 in pre-market trading. Crown LNG Ho

U.S. stocks traded higher toward the end of trading, with the Dow Jones index surging past the 40,000 mark on Friday. The Dow traded up 1.09% to 40,187.34 while the NASDAQ rose 1.30% to 18,521.69. The S&P 500 also rose, gaining, 1.12% to 5,647.26. Check This Out: This Spotify Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Friday Leading and Lagging SectorsInformation technology shares jumped by 1.5% on Friday. In trading on Friday, communication services shares fell by 0.2%. Top Headline Citigroup Inc (NYSE:C) reported better-than-expected results for its second quarter. The bank posted a second-quarter fiscal 2024 revenue growth of 4% year-ov

Shares of ASP Isotopes Inc. (NASDAQ:ASPI) fell during Friday's session after the company announced pricing of a $30 million public offering of 12 million shares at $2.50 per share. ASP Isotopes shares fell 9.2% to $3.2308 on Friday. Here are some other stocks moving in today’s mid-day session. Gainers Vicinity Motor Corp. (NASDAQ:VEV) shares jumped 133.2% to $0.7910 after the company announced CARB certification for the VMC 1200 class 3 electric truck. Qualigen Therapeutics, Inc. (NASDAQ:QLGN) shares rose 110% to $0.4335. TOYO Co., Ltd (NASDAQ:TOYO) climbed 63.4% to $2.5322. Nisun International Enterprise Development Group Co., Ltd (NASDAQ:NISN) jumped 58% to $9.52 foll