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flag E-Cite Motors reduced debt to eliminate 671,000 potential shares, cutting dilution and boosting investor confidence.

flag E-Cite Motors, a Washington-based low-volume EV manufacturer, announced on October 7, 2025, it has eliminated about 671,000 potential shares of dilution by reducing debt tied to a convertible promissory note. flag This follows a prior stock lock-up agreement that locked up over 90% of its largest noteholder’s convertible shares, removing tens of millions from conversion risk. flag The moves are part of a broader strategy to strengthen its capital structure, reduce dilution, and boost investor confidence. flag Operating under a CARB-approved low-volume exemption, E-Cite leverages regulatory advantages for faster, more agile development using a modular EV platform. flag The company, traded under VAPR, continues to focus on premium electric vehicles and long-term growth.

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