Vicinity Motor (TSE:VMC) has released an update.
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Vicinity Motor Corp., a supplier of commercial electric vehicles, has applied for a Management Cease Trade Order to delay filing its interim financial reports due to demands for debt payment by its secured creditors. The company is working to finalize the necessary documents and expects to complete the process by September 13, 2024, amid ongoing liquidity concerns that have led to temporary layoffs.
For further insights into TSE:VMC stock, check out TipRanks’ Stock Analysis page.
