Much-loved EV startup Arcimoto warns of bankruptcy, idles factory
Teslarati
JANUARY 18, 2023
The company also noted that it had idled its factory in Eugene, Oregon because it was almost out of funding. Alliance Global Partners would be acting as the placement agent for Arcimoto’s offering. In its filing, Arcimoto noted that it is looking to sell 4,000,000 shares of common stock at just $3 each.
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