Microvast Announces up to $25 Million Corporate Loan Facility [Yahoo! Finance]
Microvast Holdings, Inc. (MVST)
Company Research
Source: Yahoo! Finance
designs, develops, and manufactures lithium-ion battery solutions, has completed the initial $12 million draw of a $25 million secured debt facility provided by Yang Wu, its Founder, Chairman and Chief Executive Officer (the "Facility"). The draw will primarily provide working capital to continue the Company's U.S. operations. Since 2006, Microvast has had a mission to bring cleaner and more efficient ways to power the world. It is in our very name, that advancements in even small, "micro" battery components can have long-term, large-scale, "vast" positive impact to our environment. In this time, we've successfully grown our business in the APAC and EMEA regions with near-term visibility towards breakeven. We are an American company and intend to work towards building the same success here in the United States, where our technology leadership is needed to create sustainable solutions. The past year has demanded tough decisions, and the global battery market is fiercely competitive
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MVST
News
- Microvast and Evoy Forge Groundbreaking Partnership in Boat Electrification [Yahoo! Finance]Yahoo! Finance
- Microvast and Evoy Forge Groundbreaking Partnership in Boat ElectrificationBusiness Wire
- Microvast Announces up to $25 Million Corporate Loan FacilityBusiness Wire
- Microvast Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Microvast Reports First Quarter 2024 Financial ResultsBusiness Wire
MVST
Earnings
- 5/9/24 - Beat
MVST
Sec Filings
- 6/4/24 - Form 8-K
- 5/9/24 - Form 8-K
- 5/9/24 - Form 10-Q
- MVST's page on the SEC website