Envirotech Vehicles Enters Material Agreement

TL;DR

EVTV signed a big deal, details TBD.

AI Summary

Envirotech Vehicles, Inc. entered into a Material Definitive Agreement on October 20, 2025. The filing does not specify the nature of the agreement or any associated dollar amounts.

Why It Matters

This filing indicates a significant new development for Envirotech Vehicles, Inc., potentially impacting its future operations and financial standing.

Risk Assessment

Risk Level: medium — The lack of specific details about the material agreement introduces uncertainty regarding its impact on the company.

Key Players & Entities

• Envirotech Vehicles, Inc. (company) — Registrant
• October 20, 2025 (date) — Date of earliest event reported
• ADOMANI, INC. (company) — Former company name

FAQ

Key Financial Figures

• $0.00001 — e on Which Registered Common stock, $0.00001 par value EVTV NASDAQ Stock Market
• $1 million — ayments in an aggregate amount of up to $1 million (each such monthly payment, an "Earnout

Filing Documents

• adom20251024_8k.htm (8-K) — 29KB
• 0001437749-25-031729.txt ( ) — 156KB
• evtv-20251020.xsd (EX-101.SCH) — 3KB
• evtv-20251020_def.xml (EX-101.DEF) — 11KB
• evtv-20251020_lab.xml (EX-101.LAB) — 15KB
• evtv-20251020_pre.xml (EX-101.PRE) — 11KB
• adom20251024_8k_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. As previously disclosed in the Current Report on Form 8-K filed by Envirotech Vehicles, Inc., a Delaware corporation (the "Company"), with the U.S. Securities and Exchange Commission on November 5, 2024 (the "Initial Form 8-K"), the Company entered into a Membership Interest Purchase Agreement, dated October 30, 2024 (the "Purchase Agreement"), with Maddox Industries, LLC, a Puerto Rico limited liability company ("Maddox Industries"), and Jason Maddox, the sole member of Maddox Industries (the "Seller"), pursuant to which, subject to the terms and conditions of the Purchase Agreement, the Company purchased from the Seller all of the issued and outstanding membership interests (the "Purchased Interests") in Maddox Industries (the "Maddox Acquisition"). The Maddox Acquisition closed on December 18, 2024 (the "Closing"). A copy of the Purchase Agreement was filed as Exhibit 2.1 to the Initial Form 8-K. As partial consideration for the Purchased Interests, the Seller was eligible, during the six-month period following the Closing (the "Earnout Period"), to receive up to six monthly cash payments in an aggregate amount of up to $1 million (each such monthly payment, an "Earnout Payment") in accordance with the terms of the Purchase Agreement. The Earnout Payment payable to the Seller for each calendar month during the Earnout Period, if any, was equal to the aggregate amount of gross revenue received by Maddox Industries in respect of any Closing Receivable (as defined in the Purchase Agreement) during such calendar month, provided that all Earnout Payments payable by the Company to Seller under the Purchase Agreement may not exceed $1 million. On October 20, 2025, the Company and the Seller agreed to amend the Purchase Agreement to extend the Earnout Period to June 17, 2026 (the "Extended Earnout Period"). Any Earnout Payment during the Extended Earnout Period is otherwise subject to the same terms and conditions

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ENVIROTECH VEHICLES, INC. Dated: October 24, 2025 By: /s/ Phillip W. Oldridge Phillip W. Oldridge Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR