E-Cite Motors Executes Stock Lockup Agreement Eliminating 90% of Potential Conversions, Strengthening Capital Structure and Protecting Shareholders
E-Cite Motors (OTCID:VAPR) has secured a significant lockup agreement with its largest noteholder, Capital Consulting, Inc., effectively eliminating 90% of potential share conversions for the next twelve months. This strategic move aims to protect shareholder value and strengthen the company's capital structure.
The agreement demonstrates Capital Consulting's strong confidence in E-Cite's future, as they commit to a one-year lockup period prohibiting conversions of existing or future notes. During this period, E-Cite plans to systematically retire its outstanding obligations, starting with notes carrying the lowest conversion rates.
Additionally, E-Cite highlights its competitive advantage under the Low Volume Manufacturers Act, which exempts the company from traditional OEM regulatory requirements, enabling faster market entry and reduced costs compared to major automakers like Tesla, Ford, GM, and Toyota.
E-Cite Motors (OTCID: VAPR) ha stipulato un importante accordo di lockup con il suo maggiore detentore di note, Capital Consulting, Inc., eliminando praticamente il 90% delle potenziali conversioni azionarie nei prossimi dodici mesi. Questa mossa strategica punta a proteggere il valore per gli azionisti e a rafforzare la struttura patrimoniale della società.
L’accordo dimostra la forte fiducia di Capital Consulting nel futuro di E-Cite, impegnandosi a un periodo di lockup di un anno che vieta le conversioni di note esistenti o future. Durante questo periodo, E-Cite intende estinguere in modo sistematico i propri obblighi pendenti, partendo dalle note con i tassi di conversione più bassi.
Inoltre, E-Cite evidenzia il proprio vantaggio competitivo secondo il Low Volume Manufacturers Act, che esenta l’azienda dai tradizionali requisiti normativi OEM, permettendo un ingresso sul mercato più rapido e costi ridotti rispetto a grandi costruttori come Tesla, Ford, GM e Toyota.
E-Cite Motors (OTCID: VAPR) ha asegurado un importante acuerdo de bloqueo con su mayor tenedor de notas, Capital Consulting, Inc., eliminando prácticamente el 90% de las conversiones de acciones potenciales para los próximos doce meses. Esta jugada estratégica busca proteger el valor para los accionistas y fortalecer la estructura de capital de la empresa.
El acuerdo demuestra la gran confianza de Capital Consulting en el futuro de E-Cite, ya que se comprometen a un período de bloqueo de un año que prohíbe las conversiones de notas existentes o futuras. Durante este periodo, E-Cite planea ir cancelando sus obligaciones pendientes, comenzando por las notas con las tasas de conversión más bajas.
Además, E-Cite resalta su ventaja competitiva bajo la Low Volume Manufacturers Act, que exime a la empresa de los requisitos regulatorios tradicionales de OEM, permitiendo una entrada al mercado más rápida y menores costos frente a grandes fabricantes como Tesla, Ford, GM y Toyota.
E-Cite Motors (OTCID: VAPR)는 최대 채권자 Capital Consulting, Inc.와 중요한 락업 계약을 체결하여 앞으로 12개월 동안 주식 전환의 90%를 사실상 제거했습니다. 이 전략적 조치는 주주 가치를 보호하고 회사의 자본 구조를 강화하는 것을 목표로 합니다.
계약은 Capital Consulting이 E-Cite의 미래에 대한 강한 신뢰를 보이고 있음을 보여주며, 기존 또는 미래의 채권 전환을 금지하는 1년 락업 기간에 동의합니다. 이 기간 동안 E-Cite는 가장 낮은 전환율의 채권부터 시작해 체계적으로 미지급 의무를 상환할 계획입니다.
또한 E-Cite는 OEM 규제 요건에서 면제되는 저용량 제조업자법(Low Volume Manufacturers Act)에 따른 경쟁 우위를 강조하며, 테슬라, 포드, 제너럴 모터스, 토요타와 같은 주요 자동차 제조사에 비해 더 빠른 시장 진입과 비용 절감을 가능하게 한다고 밝혔습니다.
E-Cite Motors (OTCID: VAPR) a conclu un accord de verrouillage important avec son principal détenteur d’obligations, Capital Consulting, Inc., éliminant pratiquement 90% des conversions d’actions potentielles pour les douze prochains mois. Cette manœuvre stratégique vise à protéger la valeur des actionnaires et à renforcer la structure de capital de l’entreprise.
L’accord démontre la forte confiance de Capital Consulting dans l’avenir d’E-Cite, qui s’engage à une période de verrouillage d’un an interdisant les conversions d’obligations existantes ou futures. Pendant cette période, E-Cite prévoit de rembourser systématiquement ses obligations en cours, en commençant par les notes affichant les plus faibles taux de conversion.
De plus, E-Cite met en avant son avantage compétitif selon la Low Volume Manufacturers Act, qui exonère l’entreprise des exigences réglementaires OEM traditionnelles, permettant une entrée sur le marché plus rapide et des coûts réduits par rapport à des constructeurs majeurs comme Tesla, Ford, GM et Toyota.
E-Cite Motors (OTCID: VAPR) hat eine bedeutende Lockup-Vereinbarung mit dem größten Gläubiger, Capital Consulting, Inc., erzielt, wodurch 90% potenzieller Aktienumwandlungen in den nächsten zwölf Monaten praktisch ausgeschlossen werden. Dieser strategische Schritt zielt darauf ab, den Aktienwert zu schützen und die Kapitalstruktur des Unternehmens zu stärken.
Die Vereinbarung zeigt das starke Vertrauen von Capital Consulting in die Zukunft von E-Cite, da sie sich zu einer einjährigen Lockup-Periode verpflichten, die Umwandlungen bestehender oder zukünftiger Anleihen untersagt. In diesem Zeitraum plant E-Cite, seine ausstehenden Verpflichtungen systematisch abzubauen, beginnend mit Anleihen mit den niedrigsten Umwandlungssätzen.
Zusätzlich hebt E-Cite seinen Wettbewerbsvorteil unter dem Low Volume Manufacturers Act hervor, der das Unternehmen von herkömmlichen OEM-Regelungen befreit und schnelleren Markteintritt sowie geringere Kosten im Vergleich zu großen Herstellern wie Tesla, Ford, GM und Toyota ermöglicht.
E-Cite Motors (OTCID: VAPR) أبرمت اتفاقية قفل مهمة مع أكبر حاملي سنداتها، Capital Consulting, Inc., مما يؤدي إلى القضاء فعلياً على حوالي 90% من تحويلات الأسهم المحتملة خلال الاثني عشر شهراً القادمة. يهدف هذا التحرك الاستراتيجي إلى حماية قيمة المساهمين وتقوية هيكل رأس المال للشركة.
تُظهر الاتفاقية ثقة Capital Consulting القوية في مستقبل E-Cite، إذ يلتزمون بفترة قفل مدتها سنة واحدة تمنع تحويلات السندات القائمة أو المستقبلية. خلال هذه الفترة، تخطط E-Cite لسداد التزاماتها المستحقة بشكل منهجي، بدءاً من السندات ذات معدلات التحويل الأقل.
بالإضافة إلى ذلك، تسلط E-Cite الضوء على ميزتها التنافسية بموجب Low Volume Manufacturers Act، التي تستثني الشركة من متطلبات تنظيمية OEM التقليدية، مما يتيح دخولاً أسرع إلى السوق وتكاليف أقل مقارنة بالشركات الكبرى مثل Tesla وFord وGM وToyota.
E-Cite Motors (OTCID: VAPR) 已与其最大的债权人 Capital Consulting, Inc. 达成重要的锁定协议，在未来十二个月内几乎消除了90%的潜在股转换。这一战略举措旨在保护股东价值并加强公司的资本结构。
该协议显示 Capital Consulting 对 E-Cite 的未来充满信心，承诺进入一个< b>为期一年的锁定期，禁止现有或未来的票据转换。在此期间，E-Cite 计划系统地清偿未偿债务，优先处理转换率最低的票据。
此外，E-Cite 强调其在 Low Volume Manufacturers Act 下的竞争优势，该法案使公司免于传统 OEM 监管要求，从而相对于特斯拉、福特、通用和丰田等主要汽车制造商，达到更快的市场进入速度和较低的成本。
- Elimination of 90% of potential share conversions for 12 months, significantly reducing dilution risk
- Strong vote of confidence from largest noteholder through lockup agreement
- Regulatory advantage under Low Volume Manufacturers Act reducing costs and time to market
- Strategic plan to retire outstanding obligations systematically
- Existence of convertible notes indicating debt obligations
- Remaining 10% of potential conversions still possible
BOTHELL, WASHINGTON / ACCESS Newswire / September 30, 2025 / E-Cite Motors Group, Inc. (OTCID:VAPR), a leader in low-volume electric vehicle manufacturing, today announced that it has executed a lockup agreement with its largest noteholder, Capital Consulting, Inc., effectively eliminating approximately
Under the terms of the agreement, Capital Consulting has committed to a one-year lockup period prohibiting any conversions of existing or future notes. During this period, E-Cite intends to proactively retire its outstanding obligations, beginning with notes carrying the lowest conversion rates and working systematically upward.
"This lockup agreement is the single greatest step we could take to protect and enhance shareholder value," said Barry Henthorn, CEO of E-Cite Motors. "We are very thrilled to have the support of our largest investor, who has demonstrated their commitment to put the position of the Company and its shareholders first. Their belief in the long-term viability of E-Cite, especially given our recent developments, is a critical endorsement and a major vote of confidence for our future."
Mark Schaftlein, Principal of Capital Consulting, Inc., stated:
"As VAPR's largest noteholder, we believe it is imperative to support the Company in achieving the most advantageous capital structure possible for its shareholders. By entering into this lockup agreement, we are reinforcing our confidence in E-Cite's long-term vision and its ability to execute on recent milestones. Our commitment ensures that management can focus on growth and capital development while shareholders are protected from unnecessary dilution. We are proud to stand alongside E-Cite as it continues building a stronger future for the Company and its investors."
The Company emphasized that this action demonstrates its commitment to aligning long-term financing strategies with the best interests of its shareholders. With nearly all potential unrestricted conversions now off the table, dilution risk is reduced to an absolute minimum-if not eliminated entirely.
Regulatory Advantage: Why E-Cite Stands Apart from Traditional OEMs
Unlike traditional automakers such as Tesla (TSLA), Ford (F), General Motors (GM), and Toyota (TM), which are subject to lengthy and costly full-scale crash testing and certification processes, E-Cite benefits from a significant regulatory advantage under the Low Volume Manufacturers Act.
This exemption allows E-Cite to design, produce, and sell vehicles without the same barriers that traditional OEMs face, accelerating time to market, reducing costs, and enabling far greater flexibility in design and innovation. This unique positioning gives E-Cite an unprecedented competitive edge in bringing distinctive electric vehicles to market rapidly and efficiently, while still maintaining compliance with U.S. safety and emissions regulations.
This regulatory advantage, combined with the Company's strengthened capital structure, underscores why E-Cite represents a powerful opportunity for investors seeking exposure to the future of electric mobility.
About E-Cite Motors
E-Cite Motors (OTCID:VAPR) is an innovative low-volume electric vehicle manufacturer that has secured exemptions under National Highway Traffic Safety Administration (NHTSA) regulations, allowing it to produce unique electric sports cars and specialty vehicles not subject to conventional crash-testing requirements. By combining cutting-edge technology with classic automotive design, E-Cite is redefining what's possible in the EV space. From modernized classic sports cars to record-breaking electric trucks, E-Cite is committed to "leading the EV evolution through innovation, agility, and intelligent design". The company is headquartered in Bothell, Washington, and is majority owned by Innovative EV Technologies, Inc.
Contact:
Innovative EV Technologies, Inc. dba E-Cite Motors
Email: ceo@ecitemotors.com
Website: www.ecitemotors.com
SOURCE: Innovative EV Technologies dba E-Cite Motors
View the original press release on ACCESS Newswire
FAQ
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