Sichenzia Ross Ference LLP Represents A.G.P./ Alliance Global Partners as Placement Agent in $15M Registered Direct Offering of Arcimoto, Inc.
Press Release – New York, NY – November 24, 2020 – Sichenzia Ross Ference LLP announced today that it represented A.G.P./Alliance Global Partners as lead placement agent in a registered direct offering of 1,132,075 shares of common stock of Arcimoto, Inc. (NASDAQ: FUV), an electric vehicle developer and manufacturer. The offering price was $13.25 per share for gross proceeds of $15 million. The offering was made pursuant to a shelf registration statement previously filed with Securities and Exchange Commission on October 3, 2018, and declared effective on October 17, 2018 by the Securities and Exchange Commission.
The Sichenzia Ross Ference LLP team was led by partners Michael Ference, Thomas Rose and James Turner and Counsel Jeffrey Cahlon.