E-Cite Motors (VAPR) Eliminates Over 3.3 Million Potentially Dilutive Shares by Paying Down Convertible Debt and Building Long-Term Value
E-Cite Motors (OTCID:VAPR) has announced the elimination of approximately 3.3 million potentially dilutive shares by paying off its December 22, 2023 convertible note. The company has also executed a Stock Lockup Agreement that eliminated 90% of potential conversions for the next twelve months.
As a Low Volume Manufacturer, E-Cite benefits from regulatory advantages that exempt it from extensive crash testing requirements faced by traditional automakers like Tesla and Ford. This allows for faster market entry and reduced costs while maintaining safety compliance.
CEO Barry Henthorn emphasized the company's commitment to protecting shareholder value through strategic debt reduction and strengthening its capital structure.
E-Cite Motors (OTCID:VAPR) ha annunciato l'eliminazione di circa 3,3 milioni di azioni potenzialmente diluitive pagando la nota convertible del 22 dicembre 2023. L'azienda ha anche stipulato un Stock Lockup Agreement che elimina il 90% delle conversioni potenziali nei prossimi dodici mesi.
In quanto produttore a basso volume, E-Cite beneficia di vantaggi normativi che la esentano dai requisiti estesi di crash testing affrontati dai produttori tradizionali come Tesla e Ford. Ciò consente un ingresso sul mercato più rapido e costi ridotti pur mantenendo la conformità di sicurezza.
Il CEO Barry Henthorn ha sottolineato l'impegno dell'azienda a proteggere il valore per gli azionisti attraverso una riduzione strategica del debito e il rafforzamento della sua struttura patrimoniale.
E-Cite Motors (OTCID:VAPR) ha anunciado la eliminación de aproximadamente 3,3 millones de acciones potencialmente dilutivas al pagar su nota convertible del 22 de diciembre de 2023. La empresa también ha ejecutado un Acuerdo de Bloqueo de Acciones que eliminó el 90% de las conversiones potenciales para los próximos doce meses.
Como fabricante de bajo volumen, E-Cite se beneficia de ventajas regulatorias que la eximen de los extensos requisitos de pruebas de choque que enfrentan fabricantes tradicionales como Tesla y Ford. Esto permite una entrada al mercado más rápida y costos reducidos, manteniendo el cumplimiento de seguridad.
El CEO Barry Henthorn enfatizó el compromiso de la empresa de proteger el valor para los accionistas mediante la reducción estratégica de deuda y el fortalecimiento de su estructura de capital.
E-Cite Motors (OTCID:VAPR)가 2023년 12월 22일의 전환사채를 접수해 대략 330만 주의 잠재적 희석 주식을 제거했다고 발표했습니다. 또한 회사는 향후 12개월간 잠재적 전환의 90%를 제거하는 주식 락업 계약을 체결했습니다.
저용량 제조업체로서 E-Cite는 Tesla와 Ford와 같은 전통적 자동차 제조업체가 직면하는 광범위한 충돌 테스트 요건에서 면제되는 규제상의 이점을 누립니다. 이는 더 빠른 시장 진입과 비용 절감을 가능하게 하면서 안전 규정을 유지합니다.
CEO Barry Henthorn은 전략적 부채 축소와 자본 구조 강화를 통해 주주 가치를 보호하겠다는 회사의 약속을 강조했습니다.
E-Cite Motors (OTCID:VAPR) a annoncé l'élimination d'environ 3,3 millions d'actions potentiellement dilutives en remboursant son billet convertible du 22 décembre 2023. La société a également signé un accord de verrouillage d'actions qui a éliminé 90 % des conversions potentielles pour les douze mois à venir.
En tant que fabricant à faible volume, E-Cite bénéficie d'avantages réglementaires qui l'exemptent des exigences étendues de tests de collision auxquels sont confrontés des constructeurs traditionnels comme Tesla et Ford. Cela permet une entrée sur le marché plus rapide et des coûts réduits tout en maintenant la conformité en matière de sécurité.
Le PDG Barry Henthorn a souligné l'engagement de l'entreprise à protéger la valeur des actionnaires par une réduction stratégique de la dette et le renforcement de sa structure de capital.
E-Cite Motors (OTCID:VAPR) hat bekannt gegeben, dass etwa 3,3 Millionen potenziell verwässernde Aktien durch die Begleichung der Wandelanleihe vom 22. Dezember 2023 eliminiert wurden. Das Unternehmen hat außerdem eine Stock-Lockup-Vereinbarung getroffen, die in den nächsten zwölf Monaten 90% der potenziellen Wandelungen eliminiert hat.
Als Hersteller mit geringem Volumen profitiert E-Cite von regulatorischen Vorteilen, die sie von umfangreichen Crashtest-Anforderungen befreien, wie sie von traditionellen Autoherstellern wie Tesla und Ford verlangt werden. Dies ermöglicht einen schnelleren Markteintritt und geringere Kosten, bei gleichzeitiger Sicherheitskonformität.
Der CEO Barry Henthorn betonte das Engagement des Unternehmens, den Aktionärswert durch strategische Schuldenreduktion zu schützen und die Kapitalstruktur zu stärken.
E-Cite Motors (OTCID:VAPR) أعلنت عن إلغاء نحو 3.3 مليون سهم محتمل التخفيض من خلال سداد سندها القابل للتحويل المؤرخ في 22 ديسمبر 2023. كما نفذت الشركة اتفاقية قفل الأسهم التي ألغت 90% من عمليات التحويل المحتملة خلال الـاثني عشر شهراً القادمة.
كمصنّع منخفض الحجم، تستفيد E-Cite من مزايا تنظيمية تعفيها من متطلبات اختبارات التصادم المكثفة التي تواجهها شركات السيارات التقليدية مثل تسلا وفورد. وهذا يتيح دخولاً أسرع إلى السوق وتكاليف أقل مع الحفاظ على الامتثال للسلامة.
أكد الرئيس التنفيذي باري هينثن أن الشركة ملتزمة بحماية قيمة المساهمين من خلال خفض الدين بشكل استراتيجي وتعزيز هيكلها الرأسمالي.
E-Cite Motors (OTCID:VAPR)宣布通过偿付其 2023 年 12 月 22 日的可转换票据，消除了约 330 万股潜在的稀释股份。公司还执行了一项 股票锁定协议，在 будущие十二个月内消除了约 90% 的潜在转股。
作为低产量制造商，E-Cite 享有监管优势，使其免受像特斯拉和福特等传统汽车制造商所面临的广泛碰撞测试要求。这使市场进入更快、成本更低，同时保持安全合规性。
CEO Barry Henthorn 强调，公司通过战略性减债和增强资本结构来保护股东价值。
- Elimination of 3.3 million potentially dilutive shares through convertible note payoff
- 90% reduction in potential share conversions through Stock Lockup Agreement
- Regulatory advantage as Low Volume Manufacturer enables faster market entry and lower costs
- Remaining convertible debt still exists on balance sheet
- Operating as a penny stock on OTC markets indicates higher risk profile
Management Moves Aggressively to Protect Shareholders and Strengthen the Capital Structure, Delivering on Its Promise to Minimize Dilution and Increase Value While Recent Debt Reduction and Lockup Agreement Demonstrate Long-Term Confidence
BOTHELL, WASHINGTON / ACCESS Newswire / October 2, 2025 / VaporBrands International, Inc. dba E-Cite Motors (OTCID:VAPR) announced today that it has paid off its convertible note dated December 22, 2023, resulting in the elimination of approximately 3,300,000 shares from potentially being converted into common stock. This strategic action underscores management's ongoing commitment to protecting shareholders, strengthening the balance sheet, and increasing long-term shareholder value.
This milestone is part of a larger, concerted effort by E-Cite Motors to reduce and eliminate convertible debt obligations that could negatively impact the Company's share structure. The Company recently executed a Stock Lockup Agreement that effectively eliminated
"We are delivering on our commitment to put shareholders first," said Barry Henthorn, CEO of E-Cite Motors. "By paying down debt and eliminating millions of potential conversion shares, we are strengthening our capital structure and preserving shareholder value. This, combined with our lockup agreement, sends a clear message that our management team is focused on building a strong foundation for growth without compromising our investors' trust."
Additional debt reductions are already in process as the Company advances its operational and financing strategies. These efforts are designed to minimize dilution, bolster the balance sheet, and ensure that E-Cite is positioned for both near-term execution and long-term success.
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 Group (OTCID:VAPR): E-Cite Motors Group is a next-generation electric vehicle manufacturer redefining the American automobile by producing premium EVs that combine timeless design with groundbreaking performance. Unlike traditional automakers, E-Cite employs a modular EV platform that allows for rapid development, high efficiency, and reduced environmental impact. E-Cite's vehicles are developed under a low-volume manufacturing model, enabling the company to bypass certain regulatory hurdles and accelerate delivery of innovative models to consumers. From modernized classic sports cars to record-breaking electric trucks. By combining cutting-edge technology with classic automotive design, E-Cite is redefining what's possible in the EV space. 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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