E-Cite Motors Executes Stock Lockup Agreement Eliminating 90% of Potential Conversions, Strengthening Capital Structure and Protecting Shareholders

Core Viewpoint - E-Cite Motors Group, Inc. has secured a one-year lockup agreement with its largest noteholder, Capital Consulting, Inc., which eliminates approximately 90% of potential conversions that could affect the company's share structure over the next twelve months [1] Group 1 - The lockup agreement signifies a strong belief in E-Cite's future and supports long-term growth [1] - The elimination of potential conversions mitigates dilution threats, thereby clearing the path for a cleaner capital structure [1] - The agreement is expected to accelerate growth for E-Cite Motors Group, enhancing its position in the low-volume electric vehicle manufacturing sector [1]