Vicinity Motor (TSE:VMC) has released an update.
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Vicinity Motor Corp., a North American supplier of commercial electric vehicles, has updated its financial filing status, announcing a delay in the submission of its interim financial statements and a management cease trade order (MCTO) until the filings are completed, expected by September 13, 2024. The company is working diligently with its accounting team and has entered into a financial restructuring plan, affirming there are no undisclosed material changes or insolvency proceedings affecting its operations.
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