ADOMANI (NASDAQ: ADOM) recently became the first Regulation A+ offering to trade its shares on the NASDAQ Capital Market. The ADOMANI offering was underwritten by Boustead Securities, LLC, and ranks as the second best-performing IPO of 2017 according to data compiled by StreetInsider.com. The provider of advanced zero emission vehicle solutions saw its share price climb 92% to $9.60. The company, along with certain stockholders, sold a total of 2,852,275 shares in the offering at $5 per share, for a total of approximately $14.3 million. “This capital raise is a milestone achievement that will allow us to grow quickly and take first-mover advantage at a transformative time in the market, while allowing our new and existing investors to share in the exciting road ahead,” ADOMANI CEO Jim Reynolds stated in the news release.
To view the full press release, visit: http://nnw.fm/1mLGd
About Adomani, Inc.
ADOMANI, Inc. is a provider of zero-emission electric and hybrid vehicles and replacement drivetrains that is focused on reducing the total cost of vehicle ownership. Adomani helps fleet operators unlock the benefits of green technology and address the challenges of traditional fuel price cost instability and local, state and federal environmental regulatory compliance. Adomani designs, manufactures and installs advanced zero-emission electric and hybrid drivetrain systems for use in new school buses and medium to heavy-duty commercial fleet vehicles. Adomani also designs, manufactures and installs unique and patented conversion kits to replace conventional drivetrain systems for diesel and gasoline powered vehicles, including buses, with zero-emission electric or hybrid drivetrain systems. For more information, visit the company’s website at www.adomanielectric.com.
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