Date: 4/21/2021 Form: 8-K - Current report
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): April 20, 2021

 

ARCIMOTO, INC.

(Exact name of registrant as specified in its charter)

 

Oregon

(State or other jurisdiction of incorporation)

 

001-38213   26-1449404
(Commission File Number)   (IRS Employer Identification No.)

 

2034 West 2nd Avenue, Eugene, OR 97402

(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code (541) 683-6293

 

(Former name or former address, if changed since last report.)

 

Securities registered pursuant to Section 12(b) of the Act:

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of Each Class   Trading Symbol(s)   Name of Each Exchange on Which Registered
Common stock, no par value   FUV   Nasdaq Capital Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company X

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ 

 

 

 

  

Item 7.01 Regulation FD Disclosure.

 

On April 20, 2021, Arcimoto, Inc. (the “Company”) confirmed that its first quarter production was approximately eighty (80) units with sales of approximately sixty (60) units.

 

On April 21, 2021, Arcimoto, Inc. issued a press release regarding its first quarter 2021 production and sales. The press release is attached hereto as Exhibit 99.1. 

  

The information furnished pursuant to this Item 7.01 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing. The information furnished pursuant to this Item 7.01 contains “forward looking statements” within the meaning of the safe harbor provisions of the federal securities laws. It should be read in conjunction with the risk factors included in the Company’s periodic reports filed with the Securities and Exchange Commission and the other public announcements that the Company may make, by press release or otherwise, from time to time. 

 Item 9.01. Exhibits.

 

(d)

 

Exhibit 99.1Press Release Dated April 21, 2021

 

1

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  ARCIMOTO, INC.
     
Date: April 21, 2021 By: /s/ Mark Frohnmayer
    Mark Frohnmayer
    Chief Executive Officer

 

 

2

 

EXHIBIT INDEX

 

Exhibit No.   Description
99.1   Press Release Dated April 21, 2021

 

  

3

 

Exhibit 99.1

 

In Celebration OF #EarthDay2021, Arcimoto Announces New Record High Vehicle Deliveries, Earth Day Test Drive Event, and Two Earth Day Investor Conferences

 

EUGENE, Ore., April 21, 2021 – Arcimoto, Inc.® (NASDAQ: FUV), makers of fun, affordable, and ultra-efficient electric vehicles for everyday drivers and fleets, announced today that it has set a new record for vehicles produced in the first quarter of 2021. The company will also participate in two Earth Day investor conferences, and will host an Earth Day FUV test drive event at the new 5th Street Public Market Expansion from April 22-25

 

In the first quarter of 2021, Arcimoto manufactured a record 84 vehicles. 60 customer vehicles were sold and delivered in Q1, while an additional 13 customer vehicles were in process at the close of the quarter. The company manufactured an additional 8 FUVs for upcoming rental operations in San Diego and Eugene, as well as 3 vehicles for marketing purposes.

 

“At its core, Arcimoto represents a new vision for transportation that reduces our reliance on pollutive, oversized cars in favor of rightsized, sustainable solutions that help clean our skies and make our cities livable again,” said Frohnmayer. “After our most successful quarter in company history, we look forward to celebrating Earth Day by sharing the Arcimoto story with interested stakeholders online as we kick off our ‘Spring into the Future’ campaign in our own hometown of Eugene.”

 

Arcimoto leadership will also present and speak at the Benzinga Cleantech Small Cap Conference being held virtually on Earth Day, April 22, 2021. Founder and CEO Mark Frohnmayer will present at 9:30 a.m. EDT and will host one-on-one meetings with investors upon request. He will also join a panel discussion, “The Micromobility Revolution,” beginning at 12:40 p.m. EDT on Benzinga’s YouTube livestream. For free advanced registration for the Benzinga Cleantech Small Cap Conference, please visit the conference website.

 

Later that day at 2:30 p.m. EDT, Frohnmayer will participate in the FORCE Family Office Earth Day Symposium, featuring companies that are developing planet-saving technologies. The public is welcome to attend the FORCE for GOOD Earth Day Symposium and can sign up via the FORCE website.

 

Finally, Arcimoto will host Earth Day test drive events in Eugene at the new 5th Street Public Market Expansion from April 22-25, starting at 11 a.m. PDT each day, giving potential customers their first opportunity to drive an all electric FUV at Eugene’s premiere destination for shopping and dining.

 

About Arcimoto, Inc.

Arcimoto (NASDAQ: FUV) develops and manufactures ultra-efficient and affordable electric vehicles to help the world shift to a sustainable transportation system. Now available to preorder customers in California, Oregon, Washington, and Florida, the Arcimoto FUV® is purpose-built for everyday driving, transforming ordinary trips into pure-electric joyrides. Available for preorder, the Deliverator® and Rapid Responder™ provide last-mile delivery and emergency response functionality, respectively, at a fraction of the cost and environmental impact of traditional gas-powered vehicles. Two additional concept prototypes built on the versatile Arcimoto platform are currently in development: the Cameo™, aimed at the film and influencer industry; and the Roadster, designed to be the ultimate on-road fun machine. Every Arcimoto vehicle is built at the Arcimoto Manufacturing Plant in Eugene, Oregon. For more information, please visit Arcimoto.com.

 

Public Relations Contact:

Megan Kathman

(651) 785-3212

pr@arcimoto.com

 

Investor Relations Contact:

investor@arcimoto.com