Envirotech Vehicles Files S-1/A Amendment

TL;DR

Envirotech (fka Adomani) filed an S-1/A. Looks like they're still prepping for something big.

AI Summary

Envirotech Vehicles, Inc. filed an S-1/A on December 6, 2024, as a pre-effective amendment to its registration statement. The company, formerly known as Adomani, Inc., is incorporated in Delaware and operates in the motor vehicle parts and accessories sector. Its principal executive offices are located at 1425 Ohlendorf Road, Osceola, AR 72370.

Why It Matters

This filing indicates Envirotech Vehicles, Inc. is moving forward with its registration process, which is a necessary step for public offerings or significant corporate actions.

Risk Assessment

Risk Level: medium — S-1/A filings often precede significant corporate events like IPOs or secondary offerings, which carry inherent market risks.

Key Numbers

• 333-282961 — SEC File Number (Registration number for the filing)
• 1231 — Fiscal Year End (Indicates the end of the company's fiscal year)

Key Players & Entities

• Envirotech Vehicles, Inc. (company) — Registrant
• Adomani, Inc. (company) — Former company name
• December 6, 2024 (date) — Filing date
• 333-282961 (registration_number) — SEC registration number
• Franklin Lim (person) — Chief Financial Officer
• 1425 Ohlendorf Road Osceola, AR 72370 (address) — Principal executive offices

FAQ

Key Financial Figures

• $0.00001 — 9,145 shares of common stock, par value $0.00001 per share (the "Common Stock"), of Envi
• $25,000,000 — tyholder. However, we may receive up to $25,000,000 aggregate gross proceeds from sales of
• $1.41 — ted sale price for our Common Stock was $1.41 per share. Investing in the securitie
• $3 million — forth therein, the principal amount of $3 million (the "Pre-Paid Advance"), which shall b
• $2.148 — version price equal to the lower of (i) $2.148 per share or (ii) 93% of the lowest dai
• $0 — "floor price" then in effect, which is $0.358, subject to adjustment from time to
• $2 million — ance will be in the principal amount of $2 million and advanced on the date of A&R SEPA (t
• $1 million — ance will be in the principal amount of $1 million and advanced on the second trading day
• $25 million — elling Securityholder to purchase up to $25 million of shares of our Common Stock, subject
• $1.868 — Stock under the SEPA equals or exceeds $1.868 (reference price under Nasdaq Rules) pe
• $25.0 million — l have purchased from us under the SEPA $25.0 million of shares of our Common Stock. We have
• $25,000 — ructuring fee in an aggregate amount of $25,000. The SEPA contains customary represent

Filing Documents

• adom20241205_s1a.htm (S-1/A) — 398KB
• ex_754763.htm (EX-23.1) — 3KB
• adom20241017_s1img001.jpg (GRAPHIC) — 5KB
• adom20241017_s1img002.jpg (GRAPHIC) — 5KB
• z01.jpg (GRAPHIC) — 12KB
• 0001437749-24-036863.txt ( ) — 435KB

RISK FACTORS

RISK FACTORS 7 THE STANDBY EQUITY PURCHASE AGREEMENT 10

USE OF PROCEEDS

USE OF PROCEEDS 12 DETERMINATION OF OFFERING PRICE 13 MARKET INFORMATION 13 DIVIDEND POLICY 13 SELLING SECURITYHOLDER 14

DESCRIPTION OF CAPITAL STOCK

DESCRIPTION OF CAPITAL STOCK 15 PLAN OF DISTRIBUTION 19 LEGAL MATTERS 21 EXPERTS 21 WHERE YOU CAN FIND MORE INFORMATION 21 INCORPORATION OF CERTAIN INFORMATION BY REFERENCE 22 i Table of Contents ABOUT THIS PROSPECTUS This prospectus is part of a registration statement on Form S-1 that we filed with the SEC to register the securities described in this prospectus for resale by the Selling Securityholder who may, from time to time, sell the securities described in this prospectus. We may also provide a prospectus supplement or post-effective amendment to the registration statement to add information to, or update or change information contained in, this prospectus. If there is any inconsistency between the information in this prospectus and the applicable prospectus supplement or post-effective amendment, you should rely on the prospectus supplement or post-effective amendment, as applicable. You should read both this prospectus and any applicable prospectus supplement or post-effective amendment to the registration statement together with the additional information to which we refer you in the section titled " Where You Can Find More Information ." You should rely only on the information contained in this prospectus and any prospectus supplement filed by us with the SEC in connection with this offering, and the documents incorporated by reference herein and therein. Neither we nor the Selling Securityholder has authorized anyone to provide you with different information. We take no responsibility for, and can provide no assurance as to the reliability of, any other information that others may give you. The information in this prospectus and any applicable prospectus supplement is accurate only as of the date on its respective cover. Our business, financial condition, results of operations and prospects may have changed since those dates. The Selling Securityholder is offering to sell, and seeking offers to buy, our securities only in ju

View Full Filing

View this S-1/A filing on SEC EDGAR