Envirotech Vehicles Inc.
Envirotech Vehicles Completes Acquisition of Maddox Industries
Summary
On December 18, 2024, Envirotech Vehicles, Inc. completed the acquisition of Maddox Industries, LLC, a Puerto Rico limited liability company. The acquisition was consummated by exchanging 3,100,000 shares of Envirotech Vehicles' common stock for all issued and outstanding membership interests in Maddox Industries. The transaction was exempt from registration under Section 4(a)(2) of the Securities Act of 1933. This acquisition was previously announced and the terms were detailed in a Current Report on Form 8-K filed on November 5, 2024.
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About Envirotech Vehicles Inc.
Envirotech Vehicles Inc. is a commercial electric vehicle company focusing on manufacturing, selling, and leasing zero-emission vehicles. These vehicles primarily serve industries such as logistics, delivery services, public transportation, and municipal services, which are increasingly transitioning to sustainable energy solutions. Envirotech Vehicles aims to address environmental and regulatory demands by providing alternatives to traditional combustion engine vehicles, offering reduced carbon footprints and lower operational costs. Key features of Envirotech’s offerings include customizable vehicle platforms, energy-efficient designs, and advanced technology integrations that ensure performance and safety. The company is significant within the market as it aligns with the growing emphasis on eco-friendly transportation solutions amid global climate change concerns. By catering to both private and public sector clients, Envirotech Vehicles supports their sustainability goals and enhances fleet efficiency, thus playing a crucial role in the broader shift towards green technology in the automotive industry.
Official SEC Documents
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