Vicinity Motor Corp. Announces Uplisting to the Nasdaq Capital Market Under New Trading Symbol 'VEV' |
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VANCOUVER, BC / ACCESSWIRE / June 30, 2021 / Vicinity Motor Corp. (TSXV:VMC)(OTCQX:BUSXF)(FSE:6LG) ('Vicinity Motor,' 'VMC' or the 'Company') (formerly Grande West Transportation Group Inc.), a leading supplier of electric, CNG, gas and clean diesel vehicles, today announced that the Nasdaq Stock Market LLC has approved the listing of the Company's common shares on the Nasdaq Capital Market ('Nasdaq'). The Company expects to begin trading on the Nasdaq on Wednesday, July 7, 2021 under the symbol 'VEV'. The Company's common shares will continue to trade on the OTCQX until market close on July 6, 2021. The trading symbols for on the TSX Venture and Frankfurt exchanges will remain unchanged. 'The listing of our shares on the Nasdaq represents a significant milestone for Vicinity Motor as we leverage our strong momentum to accelerate sales of our next-generation electric vehicle (EV) products,' said William Trainer, Founder and Chief Executive Officer of Vicinity Motor Corp. 'We believe a Nasdaq listing will help elevate the Company's public profile, expand our shareholder base, improve liquidity and enhance shareholder value.' 'We continue to see traction in the marketplace, delivering 20% more vehicles in the first quarter of 2021 than we did in all of 2020 combined. We believe that our growth in the future will be driven by our breakthrough Vicinity Lightning™ EV bus, as well as our new VMC 1200 Class 3 EV truck. Both of which have seen strong support from government agencies, private operators, dealers and transit authorities for the electrification of their fleets. We expect additional EV innovations we have been developing to further solidify our position as a leader in this market. VMC is well positioned for continued growth and we have the human and financial resources in place necessary to support that growth. We look forward to sharing our story with a wider network of Nasdaq investors.' About Vicinity Motor Corp. Company Contact:
Investor Relations Contact: Neither the TSX-V nor its Regulation Service Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Statements Important factors that could cause actual results to differ materially from Vicinity's expectations include uncertainties relating to the listing of the Company's common shares on the Nasdaq; and other risk and uncertainties disclosed in Vicinity's reports and documents filed with applicable securities regulatory authorities from time to time. Vicinity's forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made. Vicinity assumes no obligation to update the forward-looking statements or beliefs, opinions, projections, or other factors, should they change, except as required by law. SOURCE: Vicinity Motor Corp. https://www.accesswire.com/653631/Vicinity-Motor-Corp-Announces-Uplisting-to-the-Nasdaq-Capital-Market-Under-New-Trading-Symbol-VEV |
6/30/2021 8:31:00 AM |
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Vicinity Motor Corporation published this content on 30 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2021 09:02:03 UTC.