secondary Stock Offering 2

[Kepesk]

Arcimoto announced a direct sale of $3.4 million in stock yesterday. 800,000 shares at $4.25 each.

I look forward to the day that they no longer need to dilute their stock to remain afloat, but hey, they have funding to crank out those Evergreens, and they're expected to close it before the annual report, so maybe we'll get a more detailed investor call than the last one.

Details here:
https://www.businesswire.com/news/home/2...red-Direct

[Rickb]

Hopefully, some of that fund raising cash is used for production scale to crank out the 3000+ FUV reservations and offer the $11,900 FUV base model to generate the estimated $45 Million in sales revenue.