Arcimoto falls on stock offering

Arcimoto

17/01/2023 22:23

** Shares of Arcimoto Inc  FUV.O  fall 25% to $4.55 in
extended trade
    ** The leisure-focused EV maker says it intends to sell
shares and warrants in a public offering  urn:newsml:reuters.com:*:nGNX6XPL66
    ** FUV ended more than 30% higher on Tuesday, its highest
single-day gain since Nov 2020
    ** Co to use net proceeds from the offering for working
capital and other general corporate purposes
 (Reporting by Yuvraj Malik)
 ((yuvraj.malik@thomsonreuters.com))