![]() Vicinity Motor intends to use the net proceeds from the Offering for the US$12 million portion of the license fee payable to Optimal-EV, with the remaining net proceeds to be used for general corporate purposes, including new product development and certifications, new product demonstration models, expansion of production capacity and general working capital. ![]() The Warrants will be exercisable immediately upon issuance (the "Issuance Date") and will expire three years from the Issuance Date. Each Warrant will entitle the holder to purchase one Common Share (a "Warrant Share") at an exercise price of US$5.10, subject to adjustment in certain circumstances. Revere Securities LLC is the exclusive selling group member for the Offering.Įach Unit consists of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a "Warrant"). Spartan Capital Securities, LLC ("Spartan Capital") is acting as sole book-running manager for the Offering. (TSXV:VMC) (NASDAQ:VEV) (FRA:6LGA) ("Vicinity Motor" or the "Company"), a leading North American supplier of commercial electric vehicles, today announced an underwritten public offering (the "Offering") of 3,990,610 units of the Company (the "Units") at a price of US$4.26 per Unit for gross proceeds to the Company of approximately US$17 million. ![]() The SMA solely applies to properties within the 2022 Approved Bowie-Mitchellville and Vicinity Master Plan boundary.VANCOUVER, BC / ACCESSWIRE / Octo/ Vicinity Motor Corp. This is an opportunity for residents to share their thoughts and concerns and we look forward to hearing from them.” “It is vitally important for our residents and stakeholders to engage in the SMA process, concerning how the SMA might impact their community. The Bowie-Mitchellville and Vicinity SMA is the second phase of the 2022 Approved Bowie-Mitchellville and Vicinity Master Plan, which was approved by the Council, with the adoption of CR-018-2022 on March 8, 2022.Ĭouncil Chair Tom Dernoga says public participation in the Joint Public Hearing provides critical public input. Written comments may be submitted through the close of business on Wednesday, May 24, 2023, when the record of public hearing testimony will close. On-site registration for in-person testimony is now available however, advance registration to testify is strongly encouraged. ![]() To register to speak or submit comments or written testimony please use the Council’s eComment portal at: For those unable to use the portal, comments/written correspondence may be emailed to: or faxed to (301) 952-5178. Curry Administrative Building, Council Hearing Room, 1301 McCormick Drive, Largo, Maryland 20774. The Prince George’s County Council sitting as the District Council, and the Prince George’s County Planning Board of the Maryland -National Capital Park and Planning Commission (M-NCPPC) will hold an in-person Joint Public Hearing on the Bowie-Mitchellville and Vicinity Sectional Map Amendment (SMA), on Tuesday, May 9, 2023, at 6:00 p.m. Residents Urged to Provide Testimony Concerning the SMA PRINCE GEORGE’S COUNTY COUNCIL AND PRINCE GEORGE’S COUNTY PLANNING BOARD TO HOLD BOWIE-MITCHELLVILLE AND VICINITY SECTIONAL MAP AMENDMENT JOINT PUBLIC HEARING ![]()
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