Arcimoto Announces Adjournment of 2022 Annual Meeting of Shareholders Due to Lack of Quorum
21 Junho 2022 - 10:00AM
Arcimoto, Inc.® (NASDAQ: FUV), makers of rightsized, outrageously
fun, ultra-efficient electric vehicles for moving people and stuff,
announced that the Company’s 2022 Annual Meeting of Shareholders
(the “2022 Annual Meeting”), on June 17, 2022 at 9:00 a.m. PDT was
convened and adjourned, without any business being conducted, due
to lack of the required quorum.
A quorum consists of a majority of the shares entitled to vote.
There were fewer than a majority of shares entitled to vote
present, either in person or by proxy at this meeting. The 2022
Annual Meeting therefore had no quorum and the meeting was again
adjourned to 9:00 a.m. PDT on Friday, July 1 to allow additional
time for the Company’s shareholders to vote on the proposals set
forth in the Company’s definitive proxy statement filed with the
United States Securities and Exchange Commission (the “SEC”) on May
20. During the current adjournment, the Company expects to continue
to solicit votes from its shareholders with respect to the
proposals set forth in the Company’s proxy statement.
Only shareholders of record, as of the record date, April 20,
are entitled to and are being requested to vote. Proxies previously
submitted in respect of the 2022 Annual Meeting will be voted at
the adjourned Annual Meeting unless properly revoked, and
stockholders who have previously submitted a proxy or otherwise
voted need not take any action.
If the number of additional shares of common stock voted at the
adjourned 2022 Annual Meeting is not sufficient to reach a quorum,
the Company may seek to adjourn the 2022 Annual Meeting again,
which will require the Company to incur additional costs.
About Arcimoto, Inc.
Arcimoto is a pioneer in the design and manufacture of
rightsized, ultra-efficient, incredibly fun electric vehicles for
everyday mobility. Built on the revolutionary three-wheel Arcimoto
Platform, our vehicles are purpose-built for daily driving, local
delivery, and emergency response, all at a fraction of the cost and
environmental impact of traditional gas-powered vehicles. Based in
Eugene, Oregon, the Arcimoto team is dedicated to creating
world-class EVs that make the world a better place. For more
information, please visit Arcimoto.com.
Important Information
This material may be deemed to be solicitation material in
respect of the 2022 Annual Meeting to be reconvened and held on
July 1, 2022. In connection with the 2022 Annual Meeting, the
Company filed a definitive proxy statement with the SEC on May 20,
2022. BEFORE MAKING ANY VOTING DECISIONS, SECURITY HOLDERS ARE
URGED TO READ THE DEFINITIVE PROXY STATEMENT AND ANY OTHER RELEVANT
DOCUMENTS FILED WITH THE SEC, BECAUSE THEY CONTAIN IMPORTANT
INFORMATION ABOUT THE 2022 ANNUAL MEETING. The definitive proxy
statement was mailed to shareholders who are entitled to vote at
the 2022 Annual Meeting. No changes have been made in the proposals
to be voted on by stockholders at the 2022 Annual Meeting. The
Company’s proxy statement and any other materials filed by the
Company with the SEC can be obtained free of charge at the SEC’s
website at sec.gov.
Forward-Looking Statements
This release may contain forward-looking statements that are
within the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements are
identified by certain words or phrases such as “may”, “will”,
“aim”, “will likely result”, “believe”, “expect”, “will continue”,
“anticipate”, “estimate”, “intend”, “plan”, “contemplate”, “seek
to”, “future”, “objective”, “goal”, “project”, “should”, “will
pursue” and similar expressions or variations of such expressions.
These forward-looking statements reflect the Company’s current
expectations about its future plans and performance. These
forward-looking statements rely on a number of assumptions and
estimates that could be inaccurate and subject to risks and
uncertainties. Actual results could vary materially from those
anticipated or expressed in any forward-looking statement made by
the Company. Please refer to the Company’s most recent Forms 10-Q
and 10-K and subsequent filings with the U.S. Securities and
Exchange Commission for further discussion of these risks and
uncertainties. The Company disclaims any obligation or intent to
update the forward-looking statements in order to reflect events or
circumstances after the date of this release.
Public Relations Contact:Megan Kathman(651)
785-3212pr@arcimoto.com
Investor Relations
Contact:investor@arcimoto.com
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