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Arcimoto Inc - FUV STOCK NEWS

Welcome to our dedicated news page for Arcimoto (Ticker: FUV), a resource for investors and traders seeking the latest updates and insights on Arcimoto.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Arcimoto's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Arcimoto's position in the market.

Rhea-AI Summary
Arcimoto (FUV) to Present at Sequire Investor Summit 2024 in Puerto Rico
Rhea-AI Impact
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End-of-Day
-3.51%
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conferences
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Rhea-AI Summary
Arcimoto, Inc. (NASDAQ: FUV) received a notice from Nasdaq for not filing its quarterly report on Form 10-Q for the period ended September 30, 2023, leading to non-compliance with Nasdaq Listing Rule 5250(c)(1). The notice will not immediately affect the listing or trading of the Company’s common stock on the Nasdaq Global Market, but further delays may have an impact. The Company must submit a compliance plan by January 22, 2024, and file the delinquent Form 10-Q by May 20, 2024. Arcimoto intends to file the delinquent form as soon as possible.
Rhea-AI Impact
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End-of-Day
28.7%
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none
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Rhea-AI Summary
Arcimoto, Inc. has entered into a contract manufacturing agreement with MOBIUS.energy Corporation to enhance the charging capabilities of its electric vehicles, develop mobile charging solutions, and build aviation batteries. This collaboration aims to achieve charging times of less than ten minutes. The partnership accelerates the adoption of electric vehicles and extends innovative energy solutions to new markets, driving positive change in the transportation industry. Arcimoto vehicle owners will experience the convenience of ultra-fast charging, reducing downtime and making electric transportation more accessible and practical.
Rhea-AI Impact
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End-of-Day
-4.55%
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Rhea-AI Summary
Arcimoto, Inc. will showcase a new variation of the MUV at the Del Mar Wine + Food festival, marking the launch of its partnership with Gwynndustries Inc.
Rhea-AI Impact
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End-of-Day
-1.5%
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none
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Rhea-AI Summary
Arcimoto, Inc. released Q2 2023 results, with total revenues increasing 17% to $1.76 million compared to Q2 2022. YTD revenue increased 45% to $3.1 million. The company incurred a net loss of $13.2 million in Q2 2023. Arcimoto produced 94 new FUVs in H1 2023 and delivered 65 customer vehicles in Q2 with an average sales price of $22,744. They also produced their 1,000th vehicle in June 2023. Arcimoto launched the MUV, their first on-road modular utility vehicle. They announced the intention to sell their U.S. manufacturing facility. The company had $53.1 million in total assets and $1.3 million in cash and cash equivalents as of June 30, 2023.
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End-of-Day
-0.97%
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Rhea-AI Summary
Arcimoto partners with MATBOCK for hybrid-electric tactical vehicles
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-1.89%
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Rhea-AI Summary
Arcimoto, Inc. will release Q2 2023 financial results on August 24, 2023, with a webcast including a corporate update and analyst panel. Webcast link: https://us06web.zoom.us/s/88201491922?pwd=MzRUMVRFWWF3ODBlN0hVKzUrb1lwdz09
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End-of-Day
0.95%
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conferences earnings
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Rhea-AI Summary
Arcimoto, Inc. announced agreements with investors for the sale of up to 8,466 shares of its Series D 8% Convertible Preferred Stock and warrants to purchase up to 14,110,417 shares of common stock. The combined purchase price is $6,772,500. The Series D stock has a stated value of $8,465,625 with an original issue discount of 20%. The warrants have an exercise price of $1.50 per share and a term of five years. The first closing of the transaction for $4,515,000 occurred on August 15, 2023.
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-11.02%
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1.82%
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Rhea-AI Sentiment
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3.25%
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Arcimoto Inc

Nasdaq:FUV

FUV Rankings

FUV Stock Data

5.09M
8.33M
14.03%
5.59%
9.02%
Motorcycle, Bicycle, and Parts Manufacturing
Manufacturing
Link
United States
Eugene

About FUV

about arcimoto: founded in 2007, arcimoto is a eugene, oregon-based company whose mission is to develop products and technologies that catalyze the shift to a sustainable transportation system. the name arcimoto means “future i drive” and is the company and its customers'​ aspiration: to devise and adopt new technologies and patterns of mobility that together raise the bar for environmental efficiency, footprint and affordability. about the srk: arcimoto’s first vehicle model, the srk, is fun, cool, safe, practical and affordable three-wheeled electric motorcycle. the srk features tandem seating for two passengers, a full enclosure space frame, plenty of space for groceries, dual-motor front-wheel drive, and an optimal center of gravity. at an initial target base price of $11,900, the srk will be the first affordable plug-in vehicle fully suited to daily transportation.