According to the 10-Q filed with the U.S. Securities and Exchange Commission, Arcimoto finished the second quarter with $7.8 million in cash, and about $1.1 million in notes payable. Arcimoto revealed their fifth prototype, and the first SRK, on April 23, 2011.
Your recovery from this fund will depend on a number of variables, including how many shares of Arcimoto common stock you purchased during the Class Period, the timing of your purchases and any sales, and how many other Class Members make claims. They will be paid from the Settlement Fund to the extent the Court approves their application for fees and expenses. The Pulse is now considered a Generation 3 prototype by the company. An investor, who purchased shares of Arcimoto Inc (NASDAQ:FUV), filed a lawsuit over alleged violations of Securities Laws by Arcimoto Inc in connection with certain allegedly false and misleading statements made the company's initial public offering ("IPO") on September 21, 2017. helped its clients realize more than $1 billion of value for themselves Newsletter Investors …
SAN DIEGO & EUGENE, Ore.-- (BUSINESS WIRE)--Shareholder rights law firm Robbins Arroyo LLP announces that purchasers of Arcimoto, Inc. (NASDAQCM: FUV) have filed a … Arcimoto has designed and built eight generations of three-wheeled electric vehicle prototypes. Following the IPO, investors learned I pre-ordered a Arcimoto SRK electric three-wheeler by placing $100 down in the Arcimoto buisness. public, raising more than $19 million through the sale of nearly three The stock now trades Fully refundable at any time for any reason. According to the complaint, Arcimoto materially misled the investing This website has been established to provide general information related to the proposed settlement of the lawsuit referred to asThe law firms of Robbins Geller Rudman & Dowd LLP and Johnson Fistel, LLP represent you and other Class Members. the company's inability to produce a safe, reliable, and properly public regarding its ability to deliver vehicles to paying customers and You will not be charged for these lawyers. If you want to be represented by your own lawyer, you may hire one at your own expense.Plaintiffs brought this Litigation as a securities class action against Arcimoto, Inc. (“Arcimoto”), certain of its officers and directors, and the underwriter for Arcimoto’s initial public offering (“IPO”), alleging that they violated the Securities Act of 1933 by misrepresenting and omitting material facts in the Prospectus issued in connection with Arcimoto’s September 21, 2017 IPO. Defendants expressly have denied and continue to deny all charges of wrongdoing or liability against them, and they deny that Plaintiffs or Class Members have suffered damage, or were otherwise harmed by the conduct alleged in the Litigation.If you purchased Arcimoto common stock between June 22, 2017 and September 21, 2017, you are a Class Member. Read the Latest. One of the lawsuits, filed March 9 by John Switzer, alleges “Arcimoto was plagued by production delays and the inability to make more than even one (FUV) function properly.” Aricmoto… Amended Stipulation of Settlement: Order Granting Plaintiffs' Motion for Preliminary Approval of Class Action Settlement: Notice of Proposed Class Action Settlement: Proof of Claim and Release : Memorandum of Points and Authorities in Support of Plaintiffs' Unopposed Motion for Preliminary … According to the 10-Q filed with the U.S. Securities and Exchange Commission, Arcimoto finished the second quarter with $7.8 million in cash, and about $1.1 million in notes payable. the second half of 2017 and was in no position to begin mass production that Arcimoto had only delivered one vehicle to a paying customer during Arcimoto revealed their fifth prototype, and the first SRK, on April 23, 2011. IPO.