eFleets to sell 1,421,818 common-share units through public offering

Aegis is bookrunner; deal funds inventory, capital equipment purchases

By Devika Patel

Knoxville, Tenn., Aug. 6 – eFleets Corp. will sell 1,421,818 units in its public offering with a 45-day greenshoe of 250,909 additional units, according to a Form S-1/A filed Wednesday with the Securities and Exchange Commission. The deal was announced on May 2.

The units consist of one common share and one five-year warrant.

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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.