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Zapp Electric Vehicles Group Limited Ordinary Shares - ZAPP STOCK NEWS

Welcome to our dedicated news page for Zapp Electric Vehicles Group Ordinary Shares (Ticker: ZAPP), a resource for investors and traders seeking the latest updates and insights on Zapp Electric Vehicles Group Ordinary Shares.

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 Zapp Electric Vehicles Group Ordinary Shares'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 Zapp Electric Vehicles Group Ordinary Shares's position in the market.

News
Rhea-AI Summary
Zapp EV, a British electric vehicle brand, announced a 1-for-20 reverse stock split, consolidating its authorized share capital to 25 million ordinary shares. The split will be effective on April 22, 2024, with trading starting on April 23, 2024, under the symbol 'ZAPP'. Shareholders will receive one New Ordinary Share for every 20 shares held, with adjustments made for fractional shares. The split will not change shareholders' percentage interests but will impact the terms of outstanding warrants, with the exercise price increasing from $11.50 to $230.00 per New Ordinary Share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-33.49%
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Rhea-AI Summary
Zapp Electric Vehicles Group Limited (Nasdaq: ZAPP) announced that the i300 electric vehicle has won the prestigious iF DESIGN AWARD 2024, completing a trio of top European design awards. The innovative design, featuring a patented Z-shaped exoskeleton, simplifies assembly, improves maneuverability, and offers modular storage. With first customer deliveries expected in summer 2024, Zapp's i300 aims to revolutionize personal urban mobility.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.06%
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Rhea-AI Summary
Zapp Electric Vehicles Group Limited (Nasdaq: ZAPP) reported financial results for the fiscal year ended September 30, 2023, highlighting milestones achieved to support the rotation to in-production and commercial rollout in 2024. The company entered into a standby equity purchase agreement to sell up to $10 million worth of shares to start production of the i300 electric urban motorcycle. Despite a net loss of $222.1 million in 2023, Zapp remains optimistic about scaling quickly after launching in Europe and key Asian markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.35%
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Rhea-AI Summary
Zapp Electric Vehicles Group Limited announces a standby equity purchase agreement with Yorkville Advisors Global, LP to fund the production and commercial rollout of the i300 electric urban motorcycle. Initial deliveries in Europe expected soon, followed by a launch in Asian markets. The agreement includes an advance of $1.5 million with potential further funding of up to $8.5 million over three years. Zapp aims to achieve positive gross margins and anticipates significant growth in electric two-wheeler sales globally.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.35%
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Rhea-AI Summary
Zapp EV partners with Younited SA to offer customers Younited Pay finance solution ahead of i300 deliveries
Rhea-AI Impact
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End-of-Day
-5%
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partnership
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News
Rhea-AI Summary
Zapp EV senior management team purchases 24.8k shares at an average price of $1.49 per share
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Rhea-AI Sentiment
End-of-Day
11.18%
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Rhea-AI Summary
Zapp Electric Vehicles (NASDAQ: ZAPP) has been granted European patents for two components of its i300 electric urban motorcycle, the Z-shaped exoskeleton and removable front fender.
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End-of-Day
-2.27%
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End-of-Day
0.32%
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Rhea-AI Summary
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End-of-Day
-4.94%
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management
Rhea-AI Summary
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Rhea-AI Sentiment
End-of-Day
-5.81%
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management
Zapp Electric Vehicles Group Limited Ordinary Shares

Nasdaq:ZAPP

ZAPP Rankings

ZAPP Stock Data

8.67M
42.53M
8.85%
54.59%
0.04%
Motorcycle, Bicycle, and Parts Manufacturing
Manufacturing
Link
United States of America
Bangkok