Vicinity Motor Corp (TSE:VMC) has released an update.
Vicinity Motor Corp., a North American electric vehicle supplier, has modified the repayment terms of its CAD$12.0 million debenture to defer CAD$5.8 million due in 2024 to the maturity date in October of the same year. This strategic move aims to bolster the company’s short-term liquidity by aligning with their robust inventory sales and order backlog. The amendment underscores the debtholders’ confidence in Vicinity’s business and supports the company’s drive for operational and financial efficiency.
For further insights into TSE:VMC stock, check out TipRanks’ Stock Analysis page.
