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Fly-E Group, Inc. Announces Pricing of $6.94 Million Public Offering
GlobeNewswire News Room· 2025-06-02 12:50
Core Viewpoint - Fly-E Group, Inc. has announced a public offering of 28,595,553 shares of common stock and 57,191,106 warrants at a price of $0.2428 per share, aiming to raise approximately $6.94 million for inventory and production costs [1][2]. Group 1: Offering Details - The public offering includes common stock sold with two warrants per share, with each warrant exercisable at an exercise price of $0.2913 [1]. - The offering is expected to close on or about June 3, 2025, pending customary closing conditions [2]. - The gross proceeds from the offering are anticipated to be around $6.94 million before deducting fees and expenses [2]. Group 2: Company Overview - Fly-E Group, Inc. specializes in designing, installing, selling, and renting smart electric motorcycles, electric bikes, and electric scooters under the brand "Fly E-Bike" [6]. - The company's mission is to promote eco-friendly transportation and contribute to a more sustainable future [6]. Group 3: Regulatory Information - The securities are being offered under a registration statement on Form S-1, which was declared effective by the SEC on May 15, 2025 [4]. - A final prospectus will be filed with the SEC and will be available on their website [4].
【Tesla每日快訊】特斯拉歐洲亮紅燈?銷售兩極分化的真相!🔥Waymo加快腳步(2025/6/2-2)
大鱼聊电动· 2025-06-02 10:58
大家好我是大鱼 今天的资讯 包括下面几个消息 1. 特斯拉欧洲销售 为何两极分化? 2. 特斯拉生产经营 方面的消息 3.Waymo也在加快脚步 关注这些领域的朋友 不要错过 今天重要的内容 OK let's go 第一部分 特斯拉欧洲销售 为何两极分化? 5月份特斯拉在欧洲 的销售表现呈现 两极化景象 在挪威和西班牙 特斯拉继续 领跑电动车市场 特别是Model Y 表现抢眼 而在法国和荷兰 销量大幅下滑 显示品牌正面临 严峻挑战 下面我们详细分析 特斯拉在各国的表现 并探讨背后原因 挪威作为全球电动车 普及率最高的国家 特斯拉长期以来 稳坐市场龙头 根据2025年5月数据 特斯拉在挪威 售出2598辆车 市占率达19%(口误) 成为最畅销品牌 其中Model Y 以2344辆的销量 成为最受欢迎车型 占据主导地位 挪威的成功得益于 其成熟的电动车生态系统 包括慷慨的政府补贴 完善的充电网络 以及消费者对 绿色科技的热衷 特斯拉早在2010年代初 便在挪威建立 强大品牌形象 成为欧洲第一个 由特斯拉领跑的市场 随后影响其他国家 在西班牙特斯拉同样 展现强劲势头 根据5月份数据 特斯拉在西班牙 销量约为190 ...
VivoPower Receives Revised US$200 Million Enterprise Value Non-Binding Proposal from Energi Holdings For 51% Direct Acquisition of Tembo e-LV
Globenewswire· 2025-05-29 14:30
Core Points - VivoPower International PLC has received a revised non-binding proposal from Energi Holdings Limited for a strategic acquisition of a 51% controlling stake in its subsidiary, Tembo e-LV B.V., with an enterprise valuation of US$200 million for 100% of Tembo [1][2] - Energi's proposal supports Tembo's planned business combination with Cactus Acquisition Corp. 1 Limited, with an equity valuation of US$838 million [1][3] - VivoPower is committed to optimizing its capital structure, with proceeds from strategic transactions prioritized for debt retirement and potential returns to shareholders [4] Company Overview - VivoPower is undergoing a strategic transformation into an XRP-focused digital asset enterprise, aiming to manage and hold XRP digital assets as part of a diversified digital treasury strategy [7] - The company operates globally, with a focus on sustainable energy solutions and has two business units: Tembo and Caret Digital [8] - Tembo specializes in battery-electric and off-road vehicle solutions for various industrial sectors, including mining, agriculture, and defense [9][10]
Mullen Automotive Inc. Announces Reverse Stock Split Effective June 2, 2025
Globenewswire· 2025-05-29 13:00
Core Points - Mullen Automotive Inc. will implement a 1-for-100 reverse stock split effective June 2, 2025, to comply with Nasdaq's minimum bid price requirement of $1.00 [1][2][3] - The reverse stock split will reduce the number of outstanding shares from approximately 80 million to about 800 thousand shares [5] - The reverse stock split will not change the par value of the common stock or the authorized number of shares [4] Company Overview - Mullen Automotive is an electric vehicle manufacturer based in Southern California, with two production plants located in Tunica, Mississippi, and Mishawaka, Indiana [7] - The company began commercial vehicle production in August 2023 and has certified models available for sale in the U.S. as of January 2024 [7] - Mullen Automotive acquired Bollinger Motors in September 2022, which has launched its Class 4 electric truck production [8]
Joby Aviation stock soars as electric air taxi-maker closes $250M strategic investment from Toyota
Proactiveinvestors NA· 2025-05-28 19:06
Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The news team delivers insights across various sectors including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]
XPeng Could Surge On Record Growth, AI Breakthroughs, And Wall Street's Blind Spot
Seeking Alpha· 2025-05-22 15:35
With how things are moving in the Electric Vehicle ("EV") market, I can’t help but spot a few investment-worthy candidates within the sector. Lucid Motors ( LCID ) and Rivian ( RIVN ) are some of the EV companiesRick is a Wall Street Journal best-selling author with over 20 years of experience trading stocks and options. The most authoritative publications, including Good Morning America, Washington Post, Yahoo Finance, MSN, Business Insider, NBC, FOX, CBS, and ABC News, cover his work. His passion is busin ...
Mullen Announces Quarterly Results for 3 Months Ended March 31, 2025
Globenewswire· 2025-05-20 13:00
Core Insights - Mullen Automotive reported a significant increase in revenue for Q2 2025, achieving $5 million compared to $33,000 in Q2 2024, marking a growth of over 143 times [2][5] - The company's net loss decreased substantially from $132.4 million in Q2 2024 to approximately $47.1 million in Q2 2025 [5][23] - Mullen's total revenue for the six months ending March 31, 2025, was $7.9 million, with a notable reduction in cash spending from $120.9 million to $52.4 million during the same period [5][11] Financial Performance - The net loss attributable to common shareholders for the six months ended March 31, 2025, was $162.0 million, or $3,338.65 per share, compared to a net loss of $193.9 million, or $21,493,370.73 per share, for the same period in 2024 [5][12] - Non-cash expenses accounted for $118.5 million, or 73% of the total loss for the six months ended March 31, 2025, compared to $135.1 million (70%) in the previous year [6][12] - The company reported a gross loss of $5.7 million for the six months ended March 31, 2025, with operating expenses totaling $77.9 million [22] Operational Highlights - Mullen has secured orders for its commercial electric vehicles, including a $1.4 million order for 20 Class 3 vehicles from Cashflow on Wheels and additional orders from local governments and universities [3][8] - The company has entered a strategic partnership with EO Charging to provide electrification solutions for its commercial fleet customers [8] - Mullen's production of advanced lithium-ion batteries is set to begin in early 2026, with plans to integrate these batteries into its existing vehicle programs [8] Liquidity and Cash Flow - As of March 31, 2025, Mullen had total cash (including restricted cash) of $2.3 million, down from $10.7 million on September 30, 2024 [10] - The company reported a negative working capital of $156.1 million, which improves to $56.7 million when adding back derivative liabilities [10] - Cash spent on operating and investing activities decreased by 56.6%, from $120.9 million in 2024 to $52.4 million in 2025 [11] Recent Developments - Bollinger Motors, a majority-owned subsidiary of Mullen, was placed into court-appointed receivership on May 7, 2025, following a legal complaint regarding a breach of contract [13][14] - Mullen is exploring options to challenge this receivership and has engaged litigation counsel [13][15] - The company continues to expand its commercial dealer network and has received IRS approval for federal EV tax credits on its commercial vehicles [27]
Damon Announces Plan to Resume Trading
Prnewswire· 2025-05-16 13:00
VANCOUVER, BC, May 16, 2025 /PRNewswire/ - Damon Inc. (Nasdaq: DMN) ("Damon" or the "Company"), a designer and developer of electric motorcycles and other personal mobility products that seek to empower the personal mobility sector through innovation, data intelligence and strategic collaborations, today announced that the Company has determined to forego its right to appeal Nasdaq's delisting determination, to enable the Company's common shares to begin trading on an alternative market. The Nasdaq staff ha ...
If the U.S.-China Trade Reset Holds, These 3 Stocks Could Fly
MarketBeat· 2025-05-16 12:23
On May 11, the United States and China agreed to a 90-day pause in their trade dispute. The United States agreed to slash tariffs from 145% to 30%, and China agreed to reduce its reciprocal tariffs from 125% to 10%. The glass-half-empty crowd will fall back on the saying: the devil is in the details. Even in the best of times, Chinese stocks carry some risk. Even though the companies are listed on U.S. exchanges, there is an opaqueness to the companies' finances that can be troubling. Now add in weakness in ...
U Power Limited Announces Filing of 2024 Annual Report with the U.S. Securities and Exchange Commission
Prnewswire· 2025-05-15 21:00
Core Viewpoint - U Power Limited has reported significant growth in revenue and is positioning itself as a key player in the electric vehicle (EV) battery power solution market in China, with a focus on its proprietary battery-swapping technology [2][3][5]. Financial Performance - In fiscal year 2024, U Power achieved a revenue growth of 124% year-over-year, reaching RMB 44.29 million (approximately US$ 6.16 million) [2][7]. - The net profit margin improved from -248% to -130%, indicating enhanced operational efficiency and progress towards profitability [7]. - The debt-to-asset ratio decreased from 19.7% to 16.7% as of December 31, 2024, reflecting reduced reliance on external financing and strengthening the company's financial stability [7]. Strategic Partnerships and Future Outlook - The company has established strategic partnerships in multiple countries, including Thailand, Portugal, Hong Kong, Peru, and Mexico, which are expected to catalyze global EV adoption [3]. - U Power plans to accelerate the international rollout of its UOTTA™ battery-swapping platform, supported by its financial discipline and growing international footprint [3].