Develop Driverless Vehicle Platforms

Arcimoto

09/05/2023 13:15

May 9 (Reuters) - Arcimoto Inc  FUV.O :
    * ARCIMOTO INC. STRENGTHENS FOCUS THROUGH COMMERCIAL
PARTNERSHIP
AND JOINT INVESTMENT AGREEMENT WITH FACTION TECHNOLOGY INC. TO
CO-DEVELOP DRIVERLESS VEHICLE PLATFORMS
    * ARCIMOTO INC - ARCIMOTO AND FACTION HAVE ANNOUNCED AN
INVESTMENT
AGREEMENT THAT PROVIDES A MINORITY INVESTMENT IN EACH OTHER
    * ARCIMOTO INC - WILL RECEIVE ONE OR MORE SAFE NOTES FOR AN
AGGREGATE TOTAL OF UP TO 10% OF FACTION IN EXCHANGE FOR AN
EQUITY STAKE IN ARCIMOTO

Source text for Eikon:  ID:nGNXB8pLC 
Further company coverage:  FUV.O 

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