Brief: Gaussin Receives Order From Amazon For 329 Electric Yard Tractors

Gaussin SA

15/12/2022 06:11

Dec 15 (Reuters) - GAUSSIN SA  ALGAU.PA :
    * ANNOUNCED ON WEDNESDAY GAUSSIN NA, SUBSIDIARY OF GAUSSIN,
HAS
RECEIVED ORDER FROM AMAZON FOR 329 ELECTRIC YARD TRACTORS
    * DELIVERY TO AMAZON TO BEGIN IN 2023
    * AMAZON WILL RECEIVE WARRANTS WITHOUT PAYMENT FOR UP TO 20%
OF
GAUSSIN'S FULLY DILUTED SHARES
    * EACH WARRANT WILL ENTITLE HOLDER TO SUBSCRIBE TO ONE
GAUSSIN
SHARE
    * WARRANTS DO NOT REPRESENT A DIRECT INVESTMENT OR
ACQUISITION OF
GAUSSIN SHARES BY AMAZON
    * EXERCISE PRICE FOR THE INITIAL 15% OF WARRANT COVERAGE
WILL BE
EUR 4.04
    * IS PLANNING TO OPEN MANUFACTURING FACILITY IN U.S. IN 2023
TO
BEGIN TRANSITIONING TO LOCAL FULFILLMENT

        
 Source text: https://bit.ly/3WeurTA
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