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NA Proactive news snapshot: Logiq Inc, Boosh Plant-Based Brands Inc, EVmo Inc, Northstar Gold Corp, Alternus Energy PLC, HealthLynked Corp UPDATE
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ElectraMeccanica Vehicles Corp ends 2Q on high gear with over $250M on its balance sheet as it builds out car plant in Mesa
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ElectraMeccanica Reports Second Quarter 2021 Financial Results
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The combined cash on hand figure roughly doubled from $129.5 million as of December 31 The SOLO is a three-wheeled EV engineered for a single occupant
ElectraMeccanica Vehicles Corp (NASDAQ:SOLO) revealed in its first-quarter financial results that it had cash and its equivalents and short terms deposits of $260.4 million as of March 31, which its CFO says has been “preparing ElectraMeccanica for what’s coming next.”
The combined cash on hand figure roughly doubled from $129.5 million as of December 31. Net cash increased by $130.9 million, thanks to financing activities of $147.6 million, offset by cash used in operating activities of $14.9 million and net cash used in investing activities of $1.7 million.