Vicinity Motor Corp (TSE:VMC) has released an update.
Vicinity Motor Corp., a North American commercial electric vehicle supplier, has secured a $2 million unsecured loan from independent parties with a 12% interest rate and a 12-month term. The company also plans to issue 800,000 bonus warrants at $1.15 per share, pending regulatory approval. This strategic financial move aims to bolster Vicinity’s position in the electric and clean-diesel vehicle market.
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