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Electrameccanica Vehicles Corp - SOLO STOCK NEWS

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

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 Electrameccanica Vehicles'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 Electrameccanica Vehicles's position in the market.

News
ElectraMeccanica Vehicles Corp. Reports Results of Special Meeting of Shareholders
Rhea-AI Summary
ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) announces successful approval of the Arrangement by Shareholders at a special meeting. The Arrangement involves Xos, Inc. acquiring all outstanding common shares of ElectraMeccanica. The meeting also approved executive compensation and a name change to 'ElectraMeccanica North America Corp.' The ElectraMeccanica Arrangement Proposal received 86.2% of the votes cast, with the closing subject to customary conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.83%
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News
ElectraMeccanica Reminds Shareholders to Vote in Favour of the Proposed Combination With Xos and Provides Additional Disclosure
Rhea-AI Summary
ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) announces a special meeting for shareholders to vote on a plan of arrangement with Xos, Inc. The meeting will take place on March 20, 2024, via live webcast. Shareholders are encouraged to vote before the deadline on March 18, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.64%
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News
ElectraMeccanica Founder and Former Board Member Jerry Kroll Agrees to Vote in Favor of Proposed Combination with Xos, Inc.
Rhea-AI Summary
ElectraMeccanica (NASDAQ: SOLO) founder and former board member Jerry Kroll agrees to vote in favor of the proposed combination with Xos, Inc. (NASDAQ: XOS), a leading electric truck manufacturer. The merger aims to create a strong entity focused on zero-emission commercial vehicles, meeting market demand and providing economic value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2%
Tags
management
News
ElectraMeccanica Completes Mailing of Proxy Materials to Approve the Proposed Combination with Xos
Rhea-AI Summary
ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) has completed mailing proxy statements for a special meeting with shareholders on March 20th. The meeting will discuss the proposed combination with Xos, Inc. The company recommends voting in favor of the ElectraMeccanica Arrangement Proposal.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.85%
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News
ElectraMeccanica Announces Filing and Mailing of the Joint Proxy Statement/Management Information Circular in Connection with its Special Meeting of Shareholders to Approve the Proposed Combination with Xos
Rhea-AI Summary
ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) announces a special meeting for shareholders to vote on an arrangement with Xos, Inc. The Arrangement proposes the acquisition of all ElectraMeccanica common shares by Xos, with shareholders expected to own 79% and 21% of the Combined Company, respectively. The meeting will be held virtually on March 20, 2024. The Board recommends voting in favor of the proposal.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.41%
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News
ElectraMeccanica Vehicles Corp. Reports Results of 2023 Annual General Meeting of Shareholders
Rhea-AI Summary
ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) held its 2023 annual general meeting of shareholders, where proposals including director elections, re-appointment of the independent registered accounting firm, and say-on-pay votes were approved. The company also disclosed the results of the voting on SEDAR at www.sedar.com.
Rhea-AI Impact
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End-of-Day
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News
ElectraMeccanica Provides Shareholders with December CEO Update
Rhea-AI Summary
ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) issued a letter to shareholders from CEO Susan E. Docherty, providing an update on the business.
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News
ElectraMeccanica and Tevva Resolve Merger Litigation
Rhea-AI Summary
ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) announced the resolution of litigation with Tevva Motors Limited regarding the termination of the previously-announced arrangement agreement. The amicable resolution allows both companies to move forward independently in the growing electrification market.
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News
Update on ElectraMeccanica Litigation Dispute With Tevva
Rhea-AI Summary
ElectraMeccanica (NASDAQ: SOLO) announces dismissal of complaint by Tevva Motors Limited related to termination of arrangement agreement. Arizona District Court cited lack of subject-matter jurisdiction. Tevva has until November 21, 2023 to file an amended complaint. ElectraMeccanica and other defendants intend to vigorously defend against Tevva's allegations.
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Complaint Filed Against ElectraMeccanica in Connection With Termination of Arrangement
Rhea-AI Summary
ElectraMeccanica (NASDAQ: SOLO) faces $75 million complaint from Tevva Motors for breach of contract, defamation, and tortious interference. Tevva seeks injunctive relief and punitive damages.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.65%
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Electrameccanica Vehicles Corp

Nasdaq:SOLO

SOLO Rankings

N/A Ranked by Market Cap
#5075 Ranked by Stock Gains
N/A Ranked by Dividends

SOLO Stock Data

25.36M
114.13M
6.13%
1.96%
2.91%
Automobile Manufacturing
Manufacturing
Link
Canada
Burnaby

About SOLO

more than 83% of canadian commuters drive alone in vehicles not ideally suited for this purpose. this results in roadway congestion, higher fuel costs, and increased air pollution. electra meccanica's solo is the ideal commuter car that fits perfectly into your busy lifestyle being both good for you and the planet. designed by a world-class development team, it’s modern aesthetics are matched by spirited performance and ultimate practicality. for more information about the solo, purchasing, investing, dealerships or scheduling a test drive, please get in touch at info@electrameccanica.com or by giving us a call at 1-604-428-7656 reserve yours now for only $250cad http://electrameccanica.com/reserve/ facebook: electrameccanica twitter: @electramecc instagram: electrameccanica