Vicinity Motor Corp. (V:VMC)
Business Focus: Heavy Buses & Coaches
Mostly sunny as of April 01, 2024
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Insider Filings
Latest 10 SEDI filings for VMC within the last 6 months
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Company News
Apr 24, 2024 08:31 ET
Vicinity Motor Corp. Receives Additional 180 Day Extension by Nasdaq to Regain Compliance with Minimum Bid Price Rule
VANCOUVER, BC / ACCESSWIRE / April 24, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it received a letter from The Nasdaq Stock Market LLC ("Nasdaq"), dated April 23, 2024, notifying the Company that Nasdaq has determined that the Company is eligible for an additional 180 calendar day period to regain compliance with Nasdaq's minimum US$1.00 bid price per share requirement for continued listing on The Nasdaq Capital Market
Apr 18, 2024 10:30 ET
Vicinity Motors promotes Brent Phillips to President as company drives strategic initiatives
Vicinity Motors President Brent Phillips
joined Steve Darling from Proactive to discuss his recent appointment
and his vision for the company's future. With over 30 years of
experience in the commercial transportation field, including
leadership roles in distribution and manufacturing, Phillips brings a
wealth of expertise to his new position.
Valuation Ratios
Industry
Sector
Beta
0.50
--
--
Price to Sales - TTM
1.61
1.61
3.31
Price to Book - most recent quarter
1.45
1.45
2.85
Price to Cash Flow per share - TTM
--
--
11.93
Price to Free Cash Flow per share - TTM
--
--
27.87
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Apr 15, 2024 | 34,518 | -5,255 |
| Mar 31, 2024 | 39,773 | -8,439 |
| Mar 15, 2024 | 48,212 | 10,589 |
Business Summary
| Sector: Industrials | Industry: Heavy Machinery & Vehicles |
Vicinity Motor Corp. is a Canada-based supplier of electric vehicles for both public and commercial enterprise use. The Company is engaged in the production and sale of buses and spare parts in North America. It leverages a dealer network and close relationships with manufacturing partners to supply its flagship electric, compressed natural gas (CNG) and clean-diesel vicinity buses, the VMC 1200 electric truck and a VMC Optimal-EV shuttle bus. In addition, the Company sells its electric chassis alongside J.B. Poindexter business unit EAVX, which is the Company's partner, for upfitting into delivery vehicles. The Company's various buses and truck models include Vicinity Lightning EV, Vicinity Classic and VMC 1200. Its geographic segments include United Stated and Canada. The Company's subsidiaries include Vicinity Motor (Bus) USA Corp. and Vicinity Motor (Bus) Corp.
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