Vicinity Motor Corp. Grants Stock Options

VANCOUVER, BC / ACCESSWIRE / June 17, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC), a North American supplier of commercial electric vehicles, has announced the grant of 50,000 incentive stock options. These options are directed towards its directors, officers, consultants, and employees under the Company’s Omnibus Equity Incentive Plan.

The stock options are exercisable over a five-year period at a price of C$0.85 per share. They will vest in six equal tranches over three years, with the first tranche vesting six months from the grant date.