Vicinity Motor Corp

Vicinity Motor Corp. engages in the provision of electric, CNG, gas and clean-diesel buses for both public and commercial enterprise use. It operates through the United States and Canada geographical segments. The company was founded by William Trainer in 2008 and is headquartered in Aldergrove, Canada.

Earnings data Q2 2021

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Vicinity Motor (NASDAQ: VEV ) stock is falling on Wednesday after the bus manufacturing company received a delisting notice from the Nasdaq Exchange. The notice comes from the Nasdaq due to the company's shares trading below $1 each for the prior 30 business days.

VEV Stock Alert: Vicinity Motor Receives Nasdaq Delisting Warning

VANCOUVER, BC / ACCESSWIRE / October 25, 2023 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it has received a notification letter from the Nasdaq Stock Market LLC (the "NASDAQ") dated October 24, 2023, notifying the Company that due to its closing bid price being below $1.00 per share for 30 consecutive days, it is not in compliance with the minimum bid price requirement as set forth under NASDAQ Listing Rule 5550(a)(2) for continued listing on the NASDAQ. This press release is issued pursuant to NASDAQ Listing Rule 5810(b), which requires prompt disclosure upon the receipt of a deficiency notification.

Vicinity Motor Corp. Receives NASDAQ Notification Letter Regarding Minimum Bid Price Deficiency

VANCOUVER, BC / ACCESSWIRE / October 9, 2023 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it has entered into an agreement to deploy an SAE level-4 vehicle, the Vicinity Autonomous Lightning Electric transit bus, at Michigan State University in conjunction with automated driving software platform provider ADASTEC Corporation. Per the terms of the agreement, the vehicle deployment will take place at the MSU East Lansing Campus in the second quarter of 2024, showcasing Vicinity's next-generation electric transit bus outfitted with ADASTEC's cutting edge automated transportation technology.

Vicinity Motor Corp. and ADASTEC to Deploy Automated Transit Buses at Michigan State University

VANCOUVER, BC / ACCESSWIRE / October 5, 2023 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it has entered into an agreement to deploy an SAE level-4 automated electric bus, the Vicinity Autonomous Lightning EV, at the Buffalo Niagara Medical Campus in conjunction with automated driving software platform provider ADASTEC Corporation. Per the terms of the agreement, the vehicle deployment will take place at the Buffalo Niagara Medical Campus in mid-2024, showcasing Vicinity's next-generation electric transit bus outfitted with ADASTEC's cutting edge automated transportation technology.

Vicinity Motor Corp. and ADASTEC to Pioneer Automated Transit Buses at Buffalo Niagara Medical Campus

Company to Exhibit Electric Transit Bus Offering with Exro Coil Driver Technology at Leading U.S. Transit Industry Event in Orlando VANCOUVER, BC / ACCESSWIRE / October 4, 2023 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it will attend and showcase its Vicinity Lightning electric transit bus at the American Public Transportation Association (APTA) TRANSform Conference & EXPO taking place October 9-11, 2023 in Orlando, Florida at the Orange County Convention Center. APTA's TRANSform Conference & EXPO is the world's most comprehensive public transportation showcase of technology, products, and services.

Vicinity Motor Corp. to Showcase Vicinity Lightning Electric Transit Bus at APTA's TRANSform Conference & EXPO

VANCOUVER, BC / ACCESSWIRE / October 3, 2023 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced a new partnership with automated driving software platform provider ADASTEC to create an SAE Level-4 automated Vicinity Lighting EV transit bus (the Vicinity Automated Lightning EV) for the North American market. The collaboration marks a substantial leap in the realm of transportation, with a strong emphasis on automated, connected, and shared solutions, driving innovation, accessibility, and sustainability.

Vicinity Motor Corp. Announces Partnership with ADASTEC for Automated Transit Buses

Established Family-Owned Dealership Operators Expand VMC 1200 Sales and Service Coverage into Southern Montreal with Initial Commitment for 25 Vehicles VANCOUVER, BC / ACCESSWIRE / September 29, 2023 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it has signed a new VMC 1200 distribution agreement with the Quebec-based Complexe EV - a new EV-specific dealership by the owners of the successful Lussier Chevrolet Buick GMC Ltée ("Lussier") - entering Vicinity into the Quebec market with an initial commitment for 25 vehicles. The Lussier family business has been in operation for 40 years - with the Lussier brothers having managed the brand for the last 25 years - with the current Lussier dealership footprint located in the Saint-Hyacinthe region on the South Shore of Montreal, Canada.

Vicinity Motor Corp. Enters Quebec Market with New VMC 1200 Distribution Agreement in Saint-Hyacinthe, Canada

VANCOUVER, BC / ACCESSWIRE / September 26, 2023 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced the receipt of a new purchase order from the Village of New Square, New York for four (4) VicinityTM Classic buses. Per the terms of the supply agreement, the Village of New Square has ordered four of the Company's 32-foot Clean-Diesel VicinityTM Classic buses for delivery in the fourth quarter of 2023.

Vicinity Motor Corp. Receives Order for Four Vicinity(TM) Classic Clean Diesel Buses from the Village of New Square, New York

Maturity Date Extension Supports Near-Term Liquidity Goals During Anticipated Production Ramp in the Second Half of 2023 VANCOUVER, BC / ACCESSWIRE / September 25, 2023 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it has completed an amendment of its unsecured debenture in the original principal amount of CAD$10.3 million, inclusive of an extension of the maturity date to October 4, 2024. Per the terms of the amendment, the maturity date was extended by one year and accrued interest of CAD$1.7 million was added to the original principal balance of CAD$10.3 million, reflecting a new principal amount of CAD$12.0 million at a new interest rate of 13%.

Vicinity Motor Corp. Announces Amendment and Extension of Maturity Date on CAD$10 Million Debenture

New Orders Marks Seventh Consecutive Order with Vicinity, Illustrating the Company's Commitment to Building Long-Term, Multi-Order Relationships VANCOUVER, BC / ACCESSWIRE / September 14, 2023 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced the receipt of a new purchase order from Simcoe County in Ontario, Canada for four (4) Vicinity™ Classic buses valued at over CAD$1.9 million, marking its 7th re-order from Vicinity. Per the terms of the supply agreement, Simcoe County has ordered four of the Company's 35-foot Clean-Diesel Vicinity™ Classic buses for delivery in 2024.

Vicinity Motor Corp. Secures CAD$1.9 Million Order for Four Vicinity(TM) Classic Clean Diesel Buses from Simcoe County, Ontario

State Governor Jay Inslee applauds Canadian company for supporting fleet operators' decarbonization initiatives alongside economic diversification and job growth in the region FERNDALE, WA / ACCESSWIRE / September 12, 2023 / Vicinity Motor Corp. (VMC), a trusted North American supplier of commercial electric vehicles (EVs), today hosted the grand opening ceremony of its 100,000-square-foot campus in Ferndale, Washington. With an annual assembly capacity of up to 850 low- and zero-emission buses and 6,250 Class 3 all-electric trucks, the state-of-the-art facility will immediately start cutting into VMC's order backlog of more than $150 million, which includes recent deals with Lafarge Canada, Transdev and Pioneer Auto Group.

Vicinity Motor Corp. Hosts Grand Opening Ceremony of Cutting-Edge Campus in Ferndale, Washington

At a Glance: Exro achieves major milestone with start of production of its patented next-generation Coil Driver™ inverter technology for electric vehicles at the company's state-of-the-art manufacturing facility in Calgary, Alberta, Canada. First production is backed by initial purchase order commitments for low-voltage Coil Driver™ units from Italian OEM supplier HB4 Group following on-road commercial truck testing that demonstrated a more than 20% range increase over the predecessor technology.

Exro Announces Coil Driver™ Start of Production Backed by Purchase Orders from HB4 and Vicinity Motor Corp

VANCOUVER, BC / ACCESSWIRE / August 18, 2023 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it will showcase the VMC 1200 Class 3 Electric Truck and Vicinity Lightning™ electric bus at the Fully Charged LIVE Canada event taking place September 8-10, 2023 at the Vancouver Convention Centre in Vancouver, Canada. Fully Charged - the world's number 1 home energy and electric vehicle channel - is bringing its Fully Charged LIVE event to Canada for the first time at the Vancouver Convention Centre in Vancouver, BC.

Vicinity Motor Corp. to Exhibit Electric Vehicle Lineup at the Fully Charged LIVE Event in Vancouver from September 8-10, 2023

Vicinity Motor Corp. (NASDAQ:VEV ) Q2 2023 Results Conference Call August 14, 2023 4:30 PM ET Company Participants William Trainer - Founder and CEO Dan Buckle - CFO Conference Call Participants Poe Fratt - Alliance Global Partners Robin Cornwell - Catalyst Research Operator Greetings, and welcome to the Vicinity Motor Corp.'s Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Vicinity Motor Corp. (VEV) Q2 2023 Earnings Call Transcript

Production is Now Underway at the Company's U.S. Manufacturing Campus in Ferndale, Washington Deliveries of 34 VMC 1200 All-Electric Trucks Generate $4.8M in Revenue at Attractive 23% Gross Margin Profile VANCOUVER, BC / ACCESSWIRE / August 14, 2023 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today reported its financial and operational results for the second quarter ended June 30, 2023. Second Quarter 2023 and Subsequent Operational Highlights Order backlog as of June 30, 2023 exceeded $150 million, the vast majority of which are for electric vehicles.

Vicinity Motor Corp. Reports Second Quarter 2023 Financial Results

VANCOUVER, BC / ACCESSWIRE / August 8, 2023 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it will release financial results for the second quarter ended June 30, 2023 after market close on Monday, August 14, 2023. Management will host an investor conference call at 4:30 p.m.

Vicinity Motor Corp. to Report Second Quarter 2023 Financial Results on Monday, August 14 at 4:30 p.m. Eastern Time

VANCOUVER, BC / ACCESSWIRE / August 8, 2023 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it received notice from The Nasdaq Stock Market, LLC ("Nasdaq") on August 7, 2023 indicating that the Company has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) (the "Bid Price Rule") for continued listing on The Nasdaq Capital Market. Accordingly, the Company has regained compliance with the Bid Price Rule and the matter is now closed.

Vicinity Motor Corp. Regains Compliance with Nasdaq Minimum Bid Price Requirement

VANCOUVER, BC / ACCESSWIRE / July 20, 2023 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced a strategic collaboration with Lafarge Canada, Canada's largest provider of sustainable and innovative building materials, to electrify Lafarge's truck fleet and reduce their carbon footprint. Per the terms of the strategic collaboration, Vicinity will fill a crucial gap in the EV market with its purpose-built, custom-upfit all-electric industrial vehicle - the VMC 1200 - specifically for Lafarge Canada.

Vicinity Motor Corp. to Supply Lafarge Canada with VMC 1200 All-Electric Trucks to Enable More Sustainable Operations in North America

VANCOUVER, BC / ACCESSWIRE / June 27, 2023 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that management will participate in the Benzinga All-Access Show taking place Tuesday, June 27th at 11:00 a.m. Eastern time.

Vicinity Motor Corp. to Participate in Benzinga All-Access Show on Tuesday, June 27, 2023

Management to Present at 10:30 a.m. Pacific Time on June 6, 2023 VANCOUVER, BC / ACCESSWIRE / May 23, 2023 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that management will present at the 13th Annual LD Micro Invitational on Tuesday, June 6, 2023 at the Luxe Sunset Boulevard Hotel in Los Angeles, California.

Vicinity Motor Corp. to Present at 13th Annual LD Micro Invitational

Vicinity Motor Corp. (TSX-V:VMC) said it has secured a new purchase order for Vicinity Classic buses from global mobility leader Transdev Canada Inc. The company said Transdev has placed an order for forty-two 32-foot clean-diesel Vicinity Classic buses, with delivery scheduled for 2024.

Vicinity Motor secures purchase order for buses from Transdev

VANCOUVER, BC / ACCESSWIRE / May 17, 2023 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced the receipt of a new purchase order from global mobility leader Transdev for forty-two (42) Vicinity™ Classic buses. Per the terms of the supply agreement, Transdev Canada, Inc. has ordered forty-two of the Company's 32-foot Clean-Diesel Vicinity™ Classic buses for delivery in 2024.

Vicinity Motor Corp. Receives Order for Forty-Two Vicinity(TM) Classic Buses from Global Mobility Leader Transdev

Vicinity Motor Corp. (NASDAQ:VEV ) Q1 2023 Earnings Conference Call May 15, 2023 4:30 PM ET Company Participants William Trainer - Founder and CEO Danial Buckle - CFO Conference Call Participants Poe Fratt - Alliance Global Partners Robin Cornwell - Catalyst Equity Research Operator Greetings and welcome to the Vicinity Motor Corp. First Quarter 2023 Corporate Update Conference Call. At this time, all participants are in a listen-only mode.

Vicinity Motor Corp. (VEV) Q1 2023 Earnings Call Transcript

U.S. Manufacturing Campus in Ferndale, Washington Preparing for Initiation of Vehicle Assembly Operations in Coming Weeks VANCOUVER, BC / May 15, 2023 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today reported its financial and operational results for the first quarter ended March 31, 2023. First Quarter 2023 and Subsequent Operational Highlights Current order backlog exceeds $150 million, the vast majority of which are for electric vehicles.

Vicinity Motor Corp. Reports First Quarter 2023 Financial Results

VANCOUVER, BC / ACCESSWIRE / May 8, 2023 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it will release financial results for the first quarter ended March 31, 2023 after market close on Monday, May 15, 2023. Management will host an investor conference call at 4:30 p.m.

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