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June 30, 2020


Eugene, Oregon-based electric vehicle maker Arcimoto will retire all of its convertible promissory notes with the repayment of about $769,000 of its notes and the conversion of $1.4 million of debt to equity at $4.25 per share. This comes in addition to the $3.45 million senior secured note that was repaid on June 15. The moves leave the company debt free, except for $1.6 million in equipment capital lease financing.

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