Envirotech Vehicles, Inc. (NASDAQ: EVTV) Expects to Access $25 million in Funding from Yorkville Advisors Global LP
Summary
OSCEOLA, AR / ACCESSWIRE / November 26, 2024 / Envirotech Vehicles, Inc. (NASDAQ:EVTV), today announced it expects to access $25 million in funding from Yorkville Advisors Global LP ("Yorkville").Phil Oldridge, CEO of Envirotech, emphasized the benefit the funds are expected to deliver to the technology company: "Access to $25 million in funding allows Envirotech to rapidly scale up manufacturing at our Osceola, Arkansas electric vehicle production facility. With the funding from Yorkville Advisors, Envirotech continues to lead the charge in developing environmentally friendly solutions that cater to the government, agriculture, and logistics sectors. More detail about the SEPA and convertible promissory notes with Yorkville can be found in the Current Report on Form 8-K filed by Envirotech with the SEC on November 6, 2024. While they are based on the current expectations and beliefs of management, such forward-looking statements are subject to a number of risks, uncertainties, assumptions, and other factors that could cause actual results to differ materially from the expectations expressed in this press release, including the risks and uncertainties disclosed in reports filed by Envirotech with the Securities and Exchange Commission, all of which are available online at www.sec.gov. Except as required by law, Envirotech undertakes no obligation to update or revise any forward-looking statements to reflect new information, changed circumstances, or unanticipated events.