ADOMANI, Inc.: Envirotech Vehicles Reports First Quarter 2021 Results
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DBA Envirotech Vehicles, a provider of new zero-emission purpose-built electric vehicles, today announced its results for the first quarter ended March 31, 2021.
Highlights and Recent Developments
On March 15, 2021, Envirotech Vehicles completed its previously announced acquisition of Envirotech Drive Systems, Inc. ( EVTDS ), a supplier of zero-emission trucks, cargo vans, chassis and other commercial vehicles, in accordance with an Agreement and Plan of Merger, dated February 16, 2021, by and among the Company, EVTDS and EVT Acquisition Company, Inc., a wholly owned subsidiary of the Company ( Merger Sub ). As a result of such transaction, Merger Sub was merged with and into EVTDS, with EVTDS surviving as a wholly owned subsidiary of Envirotech Vehicles (the Merger ).
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