IPO - Envirotech Vehicles, Inc.

Form Type: S-1

Filing Date: 2025-05-22

Corporate Action: Ipo

Type: New

Accession Number: 000143774925018191

Filing Summary: Envirotech Vehicles, Inc. has filed a registration statement under the Securities Act of 1933, seeking to register up to 95,888,921 shares of its common stock for resale by YA II PN, LTD. The offering does not involve the company selling securities itself and it will not receive any proceeds from the resale. The registration statement is part of a Standby Equity Purchase Agreement entered into on October 31, 2024, which allows the company to sell shares to the Selling Securityholder under specific conditions. The Selling Securityholder is categorized as an underwriter, and any profits made from sales will be deemed as underwriting discounts. The firm is positioned as a provider of zero-emission electric vehicles, focusing on government and commercial fleets to address environmental concerns and reduce operational costs. Their offerings include various types of vehicles such as vans, trucks, and school buses, manufactured by OEM partners in multiple countries. The document mentions risks involved in investing alongside a summary of their business model and product services. The company's common stock is listed on the Nasdaq under the symbol 'EVTV.'