Arcimoto announces board's approval of reverse stock split ratio and effectiveness date

Eugene, ore., nov. 14, 2022 (globe newswire) -- arcimoto, inc.® (“arcimoto” or the “company”) (nasdaq: fuv), makers of rightsized, outrageously fun, ultra-efficient electric vehicles, today announced that it will effect a one-for-20 reverse stock split (“reverse split”) of its common stock, no par value (“common stock”), that will become effective on november 29, 2022 at 5:01 p.m. est, after the close of trading on the nasdaq global market (“nasdaq”). on november 30, 2022, the common stock will begin trading on a post-reverse split basis on nasdaq under the existing symbol “fuv.”
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