Vicinity Motor Corp. Announces Board Resignations

ACCESSWIRE10-26

VANCOUVER, BC / ACCESSWIRE / October 25, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company") today announced that all members of the Board of Directors have resigned from ...

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(NASDAQ:VEV)(TSXV:VMC) (\"Vicinity\" or the \"Company\") today announced that all members of the Board of Directors have resigned from ...</p>\n\n<a href=\"https://finance.yahoo.com/news/vicinity-motor-corp-announces-board-201500515.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Vicinity Motor Corp. 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Announces Board Resignations\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-26 04:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/vicinity-motor-corp-announces-board-201500515.html><strong>ACCESSWIRE</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>VANCOUVER, BC / ACCESSWIRE / October 25, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) (\"Vicinity\" or the \"Company\") today announced that all members of the Board of Directors have resigned from ...</p>\n\n<a href=\"https://finance.yahoo.com/news/vicinity-motor-corp-announces-board-201500515.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VEV","symbol_name":"Vicinity Motor Corp.","start_time":0,"source_url":"https://finance.yahoo.com/news/vicinity-motor-corp-announces-board-201500515.html","article_id":"2478961742","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2478961742","pubTimestamp":1729887300,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"VANCOUVER, BC / ACCESSWIRE / October 25, 2024 / Vicinity Motor Corp.   today announced that all members of the Board of Directors have resigned from the Company.On October 21, 2024 Royal Bank of Canada was granted a petition for Receivership of Vicinity Motor Corp. by the Superior Court of British Columbia. Since the grant of Receivership, none of the Board Members has been contacted by the Receiver. As this appointment is considered a ‘Change of Control', the entire Board of Directors consisting of Joseph Miller, Andrew Imanse, William Trainer, Chris Strong, James White and John LaGourgue have resigned from the Board. Tina Stewart, Chief Financial Officer, has also resigned her position.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"VEV":"Vicinity Motor Corp.","BK4149":"建筑机械与重型卡车"},"translate_title":"Vicinity Motor Corp.宣布董事会辞职","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VEV":1},"content_text":"VANCOUVER, BC / ACCESSWIRE / October 25, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) (\"Vicinity\" or the \"Company\") today announced that all members of the Board of Directors have resigned from the Company.\nOn October 21, 2024 Royal Bank of Canada was granted a petition for Receivership of Vicinity Motor Corp. by the Superior Court of British Columbia. Since the grant of Receivership, none of the Board Members has been contacted by the Receiver(s). As this appointment is considered a ‘Change of Control', the entire Board of Directors consisting of Joseph Miller, Andrew Imanse, William Trainer, Chris Strong, James White and John LaGourgue have resigned from the Board. Tina Stewart, Chief Financial Officer, has also resigned her position.\nReceiver Contact:\nFTI Consulting - Vancouver701 West Georgia StreetSuite 1450, PO Box 10089Vancouver, BC V7Y 1B6\nCompany Contact:\nVicinity Motor Corp.(604) 607-4000\nNeither the TSX-V nor its Regulation Service Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.\nCautionary Note Regarding Forward-Looking Statements\nThis press release includes certain \"forward-looking information\" and \"forward-looking statements\" (collectively \"forward-looking statements\") within the meaning of applicable securities laws. All statements, other than statements of historical fact, included herein are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as \"expects\", \"anticipates\", \"believes\", \"intends\", \"estimates\", \"potential\", \"possible\", and similar expressions, or statements that events, conditions, or results \"will\", \"may\", \"could\", or \"should\" occur or be achieved. In particular, and without limitation, this news release contains forward-looking statements respecting the Company's expectations about the Creditors proceeding toward receivership and the inability of the Company to continue to operate. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.\nImportant factors that could cause actual results to differ materially from Vicinity's expectations include the ongoing discussions with the Creditors and impact of a receivership order on the Company if obtained; uncertainties relating to the economic conditions in the markets in which Vicinity operates, vehicle sales volume, anticipated future sales growth, the success of Vicinity's operational strategies, production prospects at Vicinity's assembly facility in the State of Washington, the success of Vicinity's strategic partnerships; and other risk and uncertainties disclosed in Vicinity's reports and documents filed with applicable securities regulatory authorities from time to time. Vicinity's forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made. Vicinity assumes no obligation to update the forward-looking statements or beliefs, opinions, projections, or other factors, should they change, except as required by law.\nSOURCE: Vicinity Motor Corp.\n\nView the original \npress release on accesswire.com","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2478961742"}