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E-Cite Motors locks in major investor to limit stock dilution, boosting its electric vehicle development.
E-Cite Motors has secured a one-year lockup agreement with its largest noteholder, Capital Consulting, preventing about 90% of potential stock conversions, significantly reducing share dilution risk.
The move strengthens the company’s capital structure and supports its focus on developing electric sports cars and specialty vehicles.
E-Cite, a low-volume EV manufacturer based in Bothell, Washington, operates under a regulatory exemption from full crash testing, allowing faster production and design flexibility.
The agreement reflects confidence in the company’s long-term strategy and progress.
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E-Cite Motors atrapa a un importante inversor para limitar la dilución de las existencias, impulsando su desarrollo de vehículos eléctricos.