Arcimoto Commemorates Six-Month Anniversary of Successful Reg A+ IPO and Nasdaq Listing with Nasdaq Closing Bell Ceremony
April 04 2018 - 4:03PM
Business Wire
Founder and President Mark Frohnmayer,
Alongside Arcimoto Executives, Investors and Friends, Rang Closing
Bell on April 3, 2018
Arcimoto, Inc.® (NASDAQ: FUV) — makers of the Fun Utility
Vehicle® (FUV®) — an affordable, practical, and thrilling pure
electric vehicle for everyday commuters and fleets, yesterday
participated in a Closing Bell Ceremony from the Nasdaq MarketSite
in Times Square to celebrate the six-month anniversary of the
Company’s Reg A+ IPO and subsequent Nasdaq listing. Founder and
President Mark Frohnmayer and a cadre of Arcimoto executives,
investors and team members were present in the nationally televised
event, which took place yesterday at 4:00 p.m. EDT in New York
City. The event followed Arcimoto’s presence at the New York
International Auto Show Press Days that took place at the Javits
Center from March 28-29, 2018.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20180404006260/en/
The Arcimoto (NASDAQ: FUV) management
team commemorates ringing the Nasdaq Closing Bell on April 3, 2018
in Times Square, New York. Photography by Kelsey Ayres/Nasdaq,
Inc.
Starting from a napkin sketch in 2007, Arcimoto’s decade-long
journey to help catalyze the shift to a sustainable transportation
system was celebrated by attendees at the Closing Bell Ceremony,
where Arcimoto showcased the first-ever production Signature Series
FUV to roll off the floor of the Arcimoto Manufacturing Plant.
Recent Arcimoto Milestone Highlights:
- September 21 – Arcimoto lists on Nasdaq
after a public $19.2 million raise
- September 28 – Arcimoto hires new Chief
Operating Officer and new Materials Director
- October 1 – Arcimoto begins lease of
30,000 sq. ft. manufacturing plant in Eugene, OR
- November 9 – Arcimoto takes early
delivery of key high-capacity manufacturing equipment
- November 11 – Arcimoto commemorates
grand opening of new manufacturing plant
- November 28 – Arcimoto presents the Fun
Utility Vehicle at AutoMobility LA and LA Auto Show
- November 30 – Arcimoto delivers
Signature Series FUV #0 to Arcimoto Founder
- December 17 – Arcimoto delivers to
first external paying customer Nathan Fillion
- January 7 – Arcimoto presented the
first FUV Signature Series vehicle to the world at CES 2018 in Las
Vegas
- February 14 – Arcimoto signs a
100-vehicle FUV fleet partnership with Hula Holdings to be
showcased at the “Gas Station Of The Future”
- February 21 – Arcimoto launched with MZ
Group to further support its shareholder and investor
relations
- March 9 – Arcimoto finished production
of Orange, the first of 5 company marketing vehicles based on the
Signature Series platform
- March 11 – Arcimoto invited to and
presented at the Roth Conference, the largest global micro-cap
conference
Arcimoto’s key focus areas for the remainder of the year are to
finish delivery of its Signature Series FUVs, release fleets of
Beta and Pilot Series vehicles, begin production and delivery of
Retail Series FUVs to its more than 2,400 pre-order customers and
launch its first in-market vehicle experience centers.
“Ringing the closing bell at the Nasdaq MarketSite yesterday was
a once-in-a-lifetime experience that none of us will ever forget,”
said Mark Frohnmayer, President and Founder of Arcimoto. “We are
incredibly grateful to the thousands of retail investors who
believe in and have supported our long-term mission and the success
of the Arcimoto brand. It has been an epic 10-year journey from
Arcimoto conceptualization to fruition, and we are thrilled to
begin to truly deliver on the vision.”
This recent update from the Company showcases both Arcimoto’s
accomplishments since its September 21, 2017 debut on NASDAQ, and
how it is moving expeditiously towards significant vehicle
production.
Next Up:Arcimoto executives will be attending the annual
MicroCap Investor Conference on April 9-10, 2018 in New York
City.
About Arcimoto:Headquartered and manufactured in Eugene,
Oregon, Arcimoto, Inc. (NASDAQ: FUV) is devising new technologies
and patterns of mobility that together raise the bar for
environmental efficiency, footprint and affordability. Available
for pre-order today with a target base model purchase price of
approximately $11,900, Arcimoto’s Fun Utility Vehicle is one of the
lightest, most affordable, and most appropriate electric vehicles
suitable for the daily driver. For more information please visit
www.arcimoto.com.
Forward-Looking Statements:Except for historical
information, all of the statements, expectations, and assumptions
contained in this press release are forward-looking statements.
Forward-looking statements include, but are not limited to,
statements that express our intentions, beliefs, expectations,
strategies, predictions or any other statements relating to our
future activities or other future events or conditions. These
statements are based on current expectations, estimates and
projections about our business based, in part, on assumptions made
by management. These statements are not guarantees of future
performance and involve risks, uncertainties and assumptions that
are difficult to predict. Therefore, actual outcomes and results
may, and are likely to, differ materially from what is expressed or
forecasted in the forward-looking statements due to numerous
factors discussed from time to time in documents which we file with
the SEC. In addition, such statements could be affected by risks
and uncertainties related to, among other things: our ability to
effectively execute on our growth strategy; our ability to design,
manufacture and market vehicle models within projected timeframes;
the number of reservations and cancellations for our vehicles and
the ability to deliver on those reservations; our reliance on key
personnel; our ability to manage the distribution channels for our
products, including our ability to successfully implement our
direct to consumer distribution strategy and any additional
distribution strategies we may deem appropriate; changes in
consumer demand for, and acceptance of, our products; changes in
the competitive environment, including adoption of technologies and
products that compete with our products; the overall strength and
stability of general economic conditions and of the automotive
industry more specifically; and changes in laws or regulations
governing our business and operations. Any forward-looking
statements speak only as of the date on which they are made, and
except as may be required under applicable securities laws, we do
not undertake any obligation to update any forward-looking
statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20180404006260/en/
Skyya for ArcimotoMegan Kathman, 651-785-3212megan@skyya.com
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