Envirotech Vehicles, Inc. Files 2024 10-K, Boosts Share Authority
Ticker: EVTV · Form: 10-K · Filed: Apr 15, 2025 · CIK: 1563568
| Field | Detail |
|---|---|
| Company | Envirotech Vehicles, INC. (EVTV) |
| Form Type | 10-K |
| Filed Date | Apr 15, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K, shares, corporate-action
TL;DR
EVTV boosted share count to 5B, formerly ADOMANI. Big changes ahead?
AI Summary
Envirotech Vehicles, Inc. filed its 10-K for the fiscal year ending December 31, 2024. The company, formerly known as ADOMANI, INC., reported significant changes in its financial structure, including a substantial increase in authorized shares from 350,000,000 to 5,000,000,000. The filing also details changes in its business address to 1215 Graphite Drive, Corona, CA 92881.
Why It Matters
This filing indicates a significant corporate action by Envirotech Vehicles, Inc. to increase its authorized share capital, which could signal future fundraising or expansion plans.
Risk Assessment
Risk Level: medium — The substantial increase in authorized shares could dilute existing shareholders or signal aggressive future financing needs.
Key Numbers
- 5,000,000,000 — Authorized Shares (Increased from 350,000,000, indicating potential for significant future financing or stock issuance.)
- 2024-12-31 — Fiscal Year End (The period covered by the 10-K filing.)
- 2025-04-15 — Filing Date (The date the 10-K was officially submitted to the SEC.)
- 15,306 — Total Assets (Reported for the fiscal year ending 2024-12-31.)
- 19,872,612 — Total Liabilities (Reported for the fiscal year ending 2024-12-31.)
Key Players & Entities
- Envirotech Vehicles, Inc. (company) — Filer of the 10-K
- ADOMANI, INC. (company) — Former name of Envirotech Vehicles, Inc.
- 5,000,000,000 (dollar_amount) — New authorized share count
- 350,000,000 (dollar_amount) — Previous authorized share count
- 1215 Graphite Drive, Corona, CA 92881 (company) — New business address
FAQ
What is the primary reason for the significant increase in authorized shares from 350,000,000 to 5,000,000,000?
The filing does not explicitly state the primary reason, but such an increase typically facilitates future capital raising, stock-based compensation, or acquisitions.
When did Envirotech Vehicles, Inc. change its name from ADOMANI, INC.?
The company's name was changed from ADOMANI, INC. on May 25, 2017.
What is the new business address for Envirotech Vehicles, Inc.?
The new business address is 1215 Graphite Drive, Corona, CA 92881.
What were the total liabilities for Envirotech Vehicles, Inc. as of December 31, 2024?
Total liabilities as of December 31, 2024, were $19,872,612.
What is the SIC code for Envirotech Vehicles, Inc.?
The Standard Industrial Classification (SIC) code is 3714, which corresponds to MOTOR VEHICLE PARTS & ACCESSORIES.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on April 15, 2025 regarding Envirotech Vehicles, Inc. (EVTV).