Vicinity Motor Corp. (VEV)

NEW YORK, March 12, 2025 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market announced today that it will delist the common stock of Vicinity Motor Corp. Vicinity Motor Corp.'s stock was suspended on October 31, 2024 and has not traded on Nasdaq since that time.

CAMBRIDGE, Mass.--(BUSINESS WIRE)-- #BOSpoli--Vicinity Energy, a decarbonization leader with the nation's largest portfolio of district energy systems, announced the launch of eSteam™, the first carbon-free thermal energy solution in the United States. This milestone follows a swift two-year journey from concept to execution. Vicinity's inaugural 42MW industrial-scale electric boiler is now operational at its Cambridge, MA, facility. This achievement underscores Vicinity's Clean Energy Future commitment t.

VANCOUVER, BC / ACCESSWIRE / October 25, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company") today announced that all members of the Board of Directors have resigned from the Company. On October 21, 2024 Royal Bank of Canada was granted a petition for Receivership of Vicinity Motor Corp. by the Superior Court of British Columbia.

VANCOUVER, BC / ACCESSWIRE / October 23, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company") today announced that it has received a letter from the Nasdaq Listing Qualifications Department notifying the Company of its failure to meet the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). The letter stated that as of October 21, 2024, the Company's stock had not regained compliance, as its shares continued to trade below $1.

PricewaterhouseCoopers LLP Resigns as Auditor; BC Securities Commission Expected to Cease Trading by Monday, October 21, 2024 VANCOUVER, BC / ACCESSWIRE / October 18, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company") today announced that Royal Bank of Canada ("RBC") has notified the company that it intends to file a receivership order on Monday, October 21, 2024. Concurrently, PricewaterhouseCoopers LLP has resigned as the Company's auditor.

VANCOUVER, BC / ACCESSWIRE / October 11, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it has not been successful renegotiating terms with Royal Bank of Canada ("RBC") or Export Development Canada ("EDC" and together with RBC, the "Creditors"). As disclosed in the Company's publicly filed interim financial statements for the three months ended March 31, 2024, the credit facilities were set be renewed on a yearly basis, at the discretion of the Creditors, on July 16, 2024.

VANCOUVER, BC / ACCESSWIRE / September 25, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles today provides an update to its news release dated August 14, 2024 (the "Announcement") announcing its request for a management cease trade order (the "MCTO") relating to the late filing of the Company's interim financial statements, MD&A and applicable CEO and CFO certifications for the six months ended June 30, 2024 (the "Interim Filings"). The Company's principal regulator, the British Columbia Securities Commission (the "Commission"), granted the MCTO on August 15, 2024, under National Policy 12-203 - Management Cease Trader Orders ("NP 12-203").

VANCOUVER, BC / ACCESSWIRE / September 11, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles today provides an update to its news release dated August 14, 2024 (the "Announcement") announcing its request for a management cease trade order (the "MCTO") relating to the late filing of the Company's interim financial statements, MD&A and applicable CEO and CFO certifications for the six months ended June 30, 2024 (the "Interim Filings"). The Company's principal regulator, the British Columbia Securities Commission (the "Commission"), granted the MCTO on August 15, 2024, under National Policy 12-203 - Management Cease Trader Orders ("NP 12-203").

Company to Showcase VMC 1200 Class 3 Electric Truck at Booth #CV50 September 6-8, 2024 VANCOUVER, BC / ACCESSWIRE / September 6, 2024 / 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 alongside dealer partner Pioneer Motor Group at the "Everything Electric Canada" show taking place September 6-8, 2024 at the Vancouver Convention Centre in Vancouver, Canada. Everything Electric is a global event series focused on promoting EVs, renewable energy, and sustainable tech.

VANCOUVER, BC / ACCESSWIRE / August 28, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles today provides an update to its news release dated August 14, 2024 (the "Announcement") announcing its request for a management cease trade order (the "MCTO") relating to the late filing of the Company's interim financial statements, MD&A and applicable CEO and CFO certifications for the six months ended June 30, 2024 (the "Interim Filings"). The Company's principal regulator, the British Columbia Securities Commission (the "Commission"), granted the MCTO on August 15, 2024, under National Policy 12-203 - Management Cease Trader Orders ("NP 12-203").

Vicinity Seeks to Forge Clear Path Forward in Ongoing Discussions with Creditors VANCOUVER, BC / ACCESSWIRE / August 21, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial buses and electric vehicles, today announced it has reached an agreement with its secured lenders to execute a workout and financial restructuring plan to address the previously announced demands from Royal Bank of Canada and Export Development Canada (the "Secured Lenders") in respect of outstanding credit facilities to progress towards financial stability for the Company. Vicinity and the Secured Lenders have agreed to the terms of the workout for the next 60 days, discussing with the Secured Lenders its revenues, debt structures, and initiatives to reorganize.

VANCOUVER, BC / ACCESSWIRE / August 14, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles today announces that it has requested a temporary Management Cease Trade Order ("MCTO") from the British Columbia Securities Commission ("BCSC") in connection with the Company's filing of its interim financial statements (the "Interim Financial Statements") and MD&A for the six months ended June 30, 2024. The Company is requesting the MCTO in order to secure additional time to finalize its Interim Financial Statements, the related MD&A and the applicable CEO and CFO certifications (the "Interim Filings").

Vicinity Motor (NASDAQ: VEV ) stock is rocketing higher on Tuesday alongside heavy pre-market trading of the bus manufacturing company's shares. This has more than 73 million shares of VEV stock on the move as of this writing.

Vicinity Intends to Pursue All Available Options Afforded by Law to Resolve These Matters While Continuing to Support its Customer Base VANCOUVER, BC / ACCESSWIRE / August 9, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced it has received letters from Royal Bank of Canada ("Royal Bank") and Export Development Canada ("EDC") (the " Secured Lenders") which demand full payment of the outstanding debt balances under their respective credit facilities. Royal Bank has demanded payment by August 19, 2024 and EDC has demanded immediate payment.

VANCOUVER, BC / ACCESSWIRE / August 1, 2024 / 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, 2024, after market close on Wednesday, August 14, 2024. Management will host an investor conference call at 4:30 p.m.

Vicinity Autonomous Electric Transit Bus to See First Deployment with National Park Service in August 2024; New Capability Enabled by Partnership with Automated Driving Software Platform Provider ADASTEC VANCOUVER, BC / ACCESSWIRE / July 30, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced the first public deployment of a Vicinity Autonomous Lightning Electric Transit Bus in partnership with automated driving software platform provider ADASTEC at Michigan's Sleeping Bear Dunes National Lakeshore, beginning service on Wednesday, August 14th, 2024. As announced by Michigan Lieutenant Governor Garlin Gilchrist at a launch event at the Michigan State Capitol Building today, through a National Park Service Mobility Challenge Program grant, ADASTEC and Vicinity will deploy an automated, electric low-floor, accessible transit bus that will transport passengers along a 4.1-mile route on Pierce Stocking Scenic Drive at Sleeping Bear Dunes National Lakeshore.