LexTrader
3 years ago
OSCEOLA, AR / ACCESSWIRE / June 30, 2022 / Envirotech Vehicles, Inc. (OTCQX:EVTV)(OTCQX:EVTVD), a provider of new zero-emission, purpose-built electric vehicles (the "Company"or "Envirotech"), has announced a partnership with the Arkansas Economic Development Commission (AEDC) to assist with the Company's first U.S. -based, state-of-the-art manufacturing facility in Osceola . The agreement will aid in facility construction and expansion, in addition to hiring and training efforts to bring more than 850 full-time employees to Mississippi County . The incentive package is worth up to $27 million for Envirotech if fully realized.
lesgetrich
3 years ago
NB: The letter "D" at the end of the symbol is temporary...
What Does D Stand for When Added to a Stock Symbol?
Reverse Splits
A D might also appear next to a stock that's going through a reverse split. In this case, the number of shares gets smaller, and the price gets bigger. In a 1-for-3 reverse split, for example, you receive one share of new stock for every three old shares, and the price of each share triples. The company sets down the time of the split to the minute: South Carolina-based Palmetto Bank, for example, announced a reverse split to take place on June 28, 2011, at 11:59 p.m., and to benefit all shareholders as of that date. Small companies with shares worth only pennies reverse-split their stock to get the price into a respectable range or to get listed on an exchange that has a minimum share price.
New Issues
The letter D can also indicate a new issue of stock. Seeking to raise capital, companies go to the public stock market to offer their shares. When company stocks (or bonds) appear on stock tables for the first time, the ticker symbol is followed by the letter D. The symbol appears in the quotations issued by the exchange itself. A brokerage quotation, or a quotation appearing in the financial media, may not carry appended symbols. On average, the symbol remains for about 20 business days.
lesgetrich
3 years ago
Envirotech Vehicles Celebrates Final Assembly at New U.S.-Based Manufacturing Facility in Osceola, Arkansas
OSCEOLA, AR / ACCESSWIRE / April 7, 2022 / Envirotech Vehicles, Inc. (OTCQX:EVTV), a provider of new zero-emission, purpose-built electric vehicles (the "Company"), announced that it is holding an event today, April 7, 2022, in Osceola to celebrate the first electric vehicles to undergo final assembly at its new U.S.-based manufacturing facility.[color=red][/color] Representatives of the Company will be joining community and business leaders from across the state and region to commemorate this milestone as Arkansas's only auto manufacturing facility.
Phillip Oldridge, Chief Executive Officer of Envirotech Vehicles, commented, "As the only auto manufacturer in the state, we are honored to be leaders in the future of Arkansas's transportation industry. Today's event is a great reminder that, as our Company continues to progress through this new journey, we are thankful for all of the support we have received from community and business leaders across the state who believe in our expertise and mission. Our facility will not only do great things for our Company but also the local economy in Mississippi County and surrounding areas as we provide more jobs and more revenue generation for the state."
"Envirotech Vehicles is an incredible addition to our city's workforce," said Sally Wilson, Mayor of Osceola. "Companies that are willing to go the extra mile to be leaders in their respective industries are exactly what Osceola needs as our city continues to grow and look for ways to bolster its employment offerings and liveability."
Clif Chitwood, President of the Great River Economic Development Foundation commented, "We're glad to officially be welcoming Envirotech Vehicles to Mississippi County. As we continue to diversify and fuel our workforce, we are thrilled that Envirotech Vehicles chose our county for their new U.S.-based manufacturing facility."
During the event, the Company will announce final assembly of 58 vehicles and 10 right-hand drive vehicles, marking the first final assembly taking place at its new headquarters in Arkansas. Vehicles commemorated at the event will be delivered to customers all across the country, from New Jersey to Utah.
For photos, video and more information, please visit bit.ly/EVTVPressKit22.