Vicinity Motor Corp. (VEV)
NASDAQ (CM) NASDAQ (CM) Primary 
Vicinity Motor Corp. Announces First Public Deployment of its Automated Transit Bus at Sleeping Bear Dunes National Lakeshore
Vicinity Autonomous Electric Transit Bus to See First Deployment with National Park Service in August 2024; New Capability Enabled by Partnership with Automated Driving Software Platform Provider ADASTEC VANCOUVER, BC / ACCESSWIRE / July 30, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced the first public deployment of a Vicinity Autonomous Lightning Electric Transit Bus in partnership with automated driving software platform provider ADASTEC at Michigan's Sleeping Bear Dunes National Lakeshore, beginning service on Wednesday, August 14th, 2024. As announced by Michigan Lieutenant Governor Garlin Gilchrist at a launch event at the Michigan State Capitol Building today, through a National Park Service Mobility Challenge Program grant, ADASTEC and Vicinity will deploy an automated, electric low-floor, accessible transit bus that will transport passengers along a 4.1-mile route on Pierce Stocking Scenic Drive at Sleeping Bear Dunes National Lakeshore.
Vicinity Motor Corp. Customers Eligible for U.S. IRS Commercial Clean Vehicle Tax Credit of Up to $40,000 per Vehicle
Tax Credits include up to $7,500 for VMC 1200 and up to $40,000 for Lightning Electric Transit Bus Purchases VANCOUVER, BC / ACCESSWIRE / July 25, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that its customers can now receive up to $7,500 tax credit toward the purchase of the VMC 1200 Class 3 Electric Truck and up to $40,000 for the Vicinity Lightning electric transit bus. This opportunity arises after approval from the United States Internal Revenue Service ("IRS") as a "qualified manufacturer" for the Commercial Clean Vehicle Credit.
Vicinity Motor Corp. Announces Closing of the US$2.5 Million Registered Direct Offering
VANCOUVER, BC / ACCESSWIRE / July 17, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, announces that, further to its press release dated July 16, 2024, it has today closed the US$2.5 million financing of 4,807,692 common shares of the Company in a registered direct offering and warrants to purchase up to 4,807,692 common shares in a concurrent private placement (collectively, the "Offering"), at a combined purchase price of US$0.52 per common share and warrant to purchase common shares, for gross proceeds of approximately US$2.5 million, before deducting placement agent fees and expenses. The warrants have an exercise price of US$0.64 per common share and will expire five years from the date of issuance.
Vicinity Motor Corp. Receives Follow on Orders for Three Vicinity Classic Clean Diesel Buses from Leading Quebec Transit Operators
VANCOUVER, BC / ACCESSWIRE / July 17, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced the receipt of new follow-on purchase orders from two Québec, Canada transit operators for three (3) Vicinity™ Classic buses. Per the terms of the supply agreements, Robert Paquette Autobus et Fils Inc. ordered one (1), and Les Autobus Transcobec (1987) Inc. ordered two (2) Vicinity Classic Clean Diesel buses, which will be in service with Canadian public transit agency EXO.
Vicinity Motor Corp. Announces Pricing of US$2.5 Million Registered Direct Offering
VANCOUVER, BC / ACCESSWIRE / July 16, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it has entered into a securities purchase agreement with a single U.S. institutional investor for the purchase and sale of 4,807,692 common shares of the Company in a registered direct offering and warrants to purchase up to 4,807,692 common shares in a concurrent private placement (collectively, the "Offering") at a combined purchase price of US$0.52 per common share and warrant to purchase common shares. The warrants issued in the concurrent private placement will have an exercise price of US$0.64 per share, will be immediately exercisable upon issuance and will expire five years from issuance.
Why Is Vicinity Motor (VEV) Stock Up 114% Today?
Vicinity Motor (NASDAQ: VEV ) stock is rocketing higher on Friday after the electric vehicle (EV) company announced certification from the California Air Resources Board (CARB). This CARB certification is for the company's VMC 1200 class 3 electric truck.
Vicinity Motor Corp. Announces CARB Certification for VMC 1200 Class 3 Electric Truck
CARB Certification Enables Sale of VMC 1200 in Every U.S. State; Concurrently Qualifies VMC 1200 for Various Incentive Programs Nationally VANCOUVER, BC / ACCESSWIRE / July 12, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that the VMC 1200 class 3 electric truck has received certification from the California Air Resources Board ("CARB") as a zero-emission vehicle for the 2024 Model Year. CARB certification allows the sale of the VMC 1200 in California, as well as other states that have adopted CARB standards including Connecticut, Colorado, Delaware, Maine, Maryland, Massachusetts, Minnesota, Nevada, New Mexico, New Jersey, New York, Oregon, Pennsylvania, Rhode Island, Vermont, Virginia and Washington.
Vicinity Motor Corp. Secures Expanded Order for 14 Additional Vicinity Lightning Electric Buses for Honolulu International Airport
Order will be First ‘Made in America' Buses Manufactured at Ferndale, Washington Facility VANCOUVER, BC / ACCESSWIRE / July 8, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it has received an expansion to its order from strategic partner Sustainability Partners LLC ("SP"), an ESG focused Public Benefit Company committed to eliminating deferred maintenance infrastructure by enabling sustainability, increasing it's initial order from four (4) Vicinity Lightning™ electric buses to eighteen (18) via Soderholm Sales & Leasing, Inc. ("SSL"), Vicinity's Pacific Islands distributor. The 18 Vicinity Lightning™ electric buses will be used at the Daniel K.
Vicinity Motor Corp. Issues DSUs
VANCOUVER, BC / ACCESSWIRE / June 28, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announces the granting of Deferred Share Units ("DSUs"). Certain Eligible Directors have requested that their respective director's remuneration for the calendar year 2024 be paid in DSUs and accordingly, the Company has granted 273,510 DSUs in connection with Directors Remuneration for the second quarter.
Vicinity Motor Corp. Grants Stock Options
VANCOUVER, BC / ACCESSWIRE / June 17, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, announces the grant of 50,000 incentive stock options to its directors, officers, consultants and/or employees pursuant to the Company's Omnibus Equity Incentive Plan. The options are exercisable for a period of five years at an exercise price of C$0.85 per share.
Vicinity Motor Corp. Receives Order for Two Vicinity Classic Clean Diesel Buses from the Town of Orangeville, Ontario
VANCOUVER, BC / ACCESSWIRE / June 17, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced the receipt of a new purchase order from the Corporation of the Town of Orangeville in Ontario, Canada for two (2) Vicinity™ Classic buses. Per the terms of the supply agreement, the Town of Orangeville ordered two of the Company's 32-foot Clean-Diesel Vicinity™ Classic buses for delivery in 2025.
Vicinity Motor Corp. Appoints Senior Financial Executive Tina Stewart as Chief Financial Officer
VANCOUVER, BC / ACCESSWIRE / June 10, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced the appointment of Tina Stewart CPA, CA, a seasoned finance executive, as Chief Financial Officer, succeeding Dan Buckle. Tina Stewart is a respected finance executive with over 20 years of experience in a variety of industries including mining, telecommunications, container terminal operations, and renewable energy.
