Vicinity Motor (TSE:VMC) has released an update.
Vicinity Motor Corp., a North American commercial electric vehicle supplier, has successfully closed a $2.5 million financing deal through the issuance of common shares and warrants. The company plans to use the funds for general corporate purposes and working capital. The offering was managed by A.G.P./Alliance Global Partners, who also received a commission and placement agent warrants as part of the deal.
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