Exchange Bulletin
E Automotive Inc. (EINC) To Trade On Toronto Stock Exchange
November 3, 2021
| Issuer: | E Automotive Inc. (the "Company") |
| Security: | Common Shares (the "Common Shares") |
| Symbol: | EINC |
| Transaction: | A total of 5,900,000 Common Shares of the Company are being sold to the public at a price of $23.00 per Common Share (the "Offering Price") for total gross proceeds of $135,700,000 to the Company pursuant to an initial public offering (the "Offering") that is scheduled to close before the opening on November 10, 2021. In addition, the Company has granted the Underwriters an option (the "Over-Allotment Option") to purchase an additional 885,000 Common Shares from the Company at the Offering Price. |
| Commencement of trading: | Further to TSX Bulletin 2021-1023 dated November 1, 2021, the Common Shares will commence trading on TSX on an "if, as and when issued" basis at 9:30 a.m. (Toronto time) today, Wednesday, November 3, 2021, under the symbol EINC. |
| Settlement: | Subject to the closing of the Offering on November 10, 2021, all trades in EINC in the "if, as and when issued" market on: (i) November 3, 4 and 5, 2021 will be for special settlement on November 10, 2021; and (ii) November 8 and 9, 2021 will be for special settlement two business days after the trade date and will appear on the Settlement Report from CDS Clearing and Depository Services Inc. Upon closing, TSX will issue a trader note confirming: (i) the closing; and (ii) that the Common Shares will no longer trade on an "if, as and when issued" basis but will trade thereafter on a regular settlement basis. If the Offering does not close, all of the "if, as and when issued" trades will be cancelled. No securities will be delivered and no money will be owed by purchasers to sellers. Parties who are entitled to receive Common Shares under the Offering may sell such securities in the "if, as and when issued" market without being subject to restrictions on short sales. Parties who are not entitled to receive Common Shares under the Offering must comply with the short sale rule in all respects for any sales they make in the "if, as and when issued" market. |
| Disclosure documents: | Final Base PREP Prospectus dated November 2, 2021 and Supplemented PREP prospectus dated November 2, 2021, which are available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Additional information: | See TSX Bulletin 2021-1023 dated November 1, 2021. |
| TSX contact: | Chris Birkett, Managing Director, Toronto Stock Exchange |