ATLIS REQUESTS QUALIFICATION OF SEC ON QUEST TO BE PUBLIC VIA NASDAQ
Mesa, Arizona., July 19, 2022 /PRNewswire/ — Atlis Motor Vehicles (Atlis), a vertically integrated EV technology company with the goal of electrifying the work truck segment, today announced the submission of its Amendment 1/AA to the Securities and Exchange Commission (SEC) and subsequent application for qualification on its final fundraising campaign of Regulation A before listing on the Nasdaq.
Once qualified by the SEC on Friday, July 22, 2022the amended offering circular fixes the price of the common shares of the company at $27.50 per share. Investors can buy shares of Atlis through the company’s website – https://investinatlis.com/.
Once publicly listed, retail investors will be able to trade Atlis stock on the Nasdaq as the company develops technology to encourage and enable mass adoption of electric vehicles.
Based on the principle that current electric vehicles do not have the real ability to compete in the work truck market, Atlis is developing an electric truck for individuals and fleet owners who work in the sectors of agriculture, services, utilities and construction. To address the towing and payload capabilities of older diesel-powered vehicles, the company is also developing proprietary battery technology, electric motors, modular system architecture, and a high-capacity fast-charging ecosystem.
About Atlis Motor Vehicles
Atlis is a mobility technology company developing products that will power work. Atlis innovators are building an electric vehicle technology platform for heavy-duty and light-duty work trucks used in the agriculture, service, utility and construction industries. To address the towing and payload capabilities of older diesel-powered vehicles, Atlis is developing proprietary battery technology and a modular system architecture capable of adapting to the specific needs of the all-electric vehicle. All Atlis technology is designed, developed and produced in Mesa, Arizona. More information is available on the Atlis website at www.atlismotorvehicles.com.
Certain information in this press release contains “forward-looking information,” including “forward-looking financial information” and “financial outlook,” under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, (i) the projected financial performance of the Company; (ii) the realization and use of the proceeds of the sale of the shares offered hereunder; (iii) the anticipated development of the Company’s businesses, projects and joint ventures; (iv) execution of the Company’s growth vision and strategy, including with respect to future mergers and acquisitions activity and global growth; (v) the sources and availability of third party funding for the Company’s projects; (vi) the completion of the Company’s projects that are currently underway, under development or otherwise under consideration; (vi) the renewal of current agreements with customers, suppliers and other material agreements of the Company; and (vii) future liquidity, working capital and capital requirements. Forward-looking statements are provided to enable potential investors to understand management’s beliefs and opinions regarding the future so that they can use those beliefs and opinions as a factor in evaluating an investment.
These statements are not guarantees of future performance and should not be unduly relied upon. These forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from projections of future performance or results expressed or implied by such forward-looking statements.
Although the forward-looking statements contained in this press release are based on what management of the Company believes to be reasonable assumptions, there can be no assurance that the forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those provided for in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change, except as required by applicable securities laws. Readers are cautioned not to place undue reliance on forward-looking statements.
SOURCEAtlis Motor Vehicles (ATLIS)