- Vicinity Motor Corp VEV has announced non-brokered financing of unsecured debenture units of C$10 million.
- The company intends to use the proceeds for general working capital and fund contract requirements for recently received Vicinity bus orders.
- Each Unit will consist of one 8% unsecured convertible debenture with interest payable upon maturity being 12 months from issue and 40 common share purchase warrants expiring 12 months after the date of issuance of such Warrants.
- Price Action: VEV shares closed higher by 5.98% at $4.96 on Monday.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
