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eFleets to offer common stock, five-year warrants via public offering
Aegis Capital is the bookrunner; deal has a 45-day greenshoe
By Devika Patel
Knoxville, Tenn., May 2 - eFleets Corp. will price a public sale of common stock and warrants with a 45-day greenshoe, according to a Form S-1 filed Friday with the Securities and Exchange Commission.
The warrants will be exercisable for five years.
Aegis Capital Corp. is the bookrunner.
Proceeds will be used to purchase inventory and capital equipment and for other working capital and general corporate purposes.
The Fort Worth company is focused on the design, development, assembly and sale of all-electric fleet vehicles.
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