Envirotech Vehicles Files S-1 for Public Offering

TL;DR

Envirotech Vehicles (formerly Adomani) just filed an S-1, looks like they're prepping for a stock offering.

AI Summary

Envirotech Vehicles, Inc. (formerly Adomani, Inc.) filed an S-1 registration statement on November 1, 2024, to register an unspecified number of securities. The company, incorporated in Delaware, is involved in the Motor Vehicle Parts & Accessories industry and is headquartered in Osceola, Arkansas. This filing indicates a potential offering of new securities to the public.

Why It Matters

This S-1 filing signals Envirotech Vehicles, Inc.'s intention to raise capital through a public offering, which could impact its future growth and stock valuation.

Risk Assessment

Risk Level: medium — As an S-1 filing, it indicates a company is preparing to offer securities, which inherently carries market and execution risks for investors.

Key Numbers

• 3714 — SIC Code (Industry classification for Motor Vehicle Parts & Accessories)
• 1231 — Fiscal Year End (Indicates the company's financial year closes on December 31st)

Key Players & Entities

• Envirotech Vehicles, Inc. (company) — Registrant
• Adomani, Inc. (company) — Former company name
• November 1, 2024 (date) — Filing date
• 333-282961 (registration_number) — SEC file number
• Franklin Lim (person) — Chief Financial Officer
• Michael A. Hedge (person) — Legal counsel contact
• K&L Gates LLP (company) — Legal counsel

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
• $1.82 — ted sale price for our Common Stock was $1.82 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

• adom20241017_s1.htm (S-1) — 395KB
• ex_733998.htm (EX-5.1) — 9KB
• ex_741223.htm (EX-10.22) — 507KB
• ex_741315.htm (EX-10.23) — 125KB
• ex_741761.htm (EX-23.1) — 3KB
• ex_741344.htm (EX-FILING FEES) — 26KB
• a01.jpg (GRAPHIC) — 3KB
• adom20241017_s1img001.jpg (GRAPHIC) — 5KB
• adom20241017_s1img002.jpg (GRAPHIC) — 5KB
• bcpa01.jpg (GRAPHIC) — 13KB
• 0001437749-24-033012.txt ( ) — 1103KB

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 filing on SEC EDGAR