Envirotech Vehicles Announces Nasdaq Acceptance of its Request for an Extension to File its Delinquent Filings

OSCEOLA, AR. / ACCESSWIRE / September 7, 2023 / Envirotech Vehicles, Inc. (NASDAQ:EVTV), ("EVTV" or "the Company"), announced today that it has received a letter from the Nasdaq Stock Market, LLC ("Nasdaq") stating that it has accepted the Company's request for an additional extension to file its delinquent annual and quarterly filings.

According to the plan that EVTV has provided to Nasdaq, the Company expects to file its Form 10-K for the period ended December 31, 2022 and the Form 10-Q for the period ended March 31, 2023 by September 22, 2023, and to file the Form 10-Q for the period ended June 30, 2023 by October 16, 2023, upon completion of the audit currently being conducted by the Company's independent registered public accounting firm.

The Company would thereafter expect to regain compliance with Nasdaq Listing Rule 5250(c)(1).

About Envirotech Vehicles

Envirotech Vehicles, Inc. is a provider of purpose-built, zero-emission electric vehicles focused on reducing the total cost of vehicle ownership and helping fleet operators unlock the benefits of green technology. EVTV serves commercial and last-mile fleets, school districts, public and private transportation service companies, and academic institutions to meet the increasing demand for heavy-duty electric vehicles. EVTV's vehicles address the challenges of traditional fuel-price cost instability and local, state and federal environmental regulatory compliance. For more information, visit www.evtvusa.com.

Cautionary Statement Regarding Forward-Looking Statements

Statements made in this press release that relate to future plans, events, financial results, prospects or performance are forward-looking statements. While they are based on the current expectations and beliefs of management, such forward-looking statements are subject to a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from the expectations expressed in this press release, including the risks and uncertainties disclosed in reports filed by Envirotech Vehicles, Inc. with the Securities and Exchange Commission, all of which are available online at www.sec.gov. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words "planned," "expected," "believes," "strategy," "opportunity," "anticipated," "outlook," "designed," and similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Except as required by law, Envirotech Vehicles undertakes no obligation to update or revise any forward-looking statements to reflect new information, changed circumstances or unanticipated events.

Contact Information

Investor Relations

ICR, Inc.
Telephone: (646) 200-8873
Email: envirotech@icrinc.com

Sue Emry, Executive Vice President
Telephone: (870) 970-3355
Email: sue.e@evtvusa.com

SOURCE: Envirotech Vehicles, Inc