Envirotech Vehicles and Maddox Defense Inc. Enter into a Term Sheet for Proposed Business Combination
OSCEOLA, AR / ACCESSWIRE / April 12, 2023 / Envirotech Vehicles, Inc. (NASDAQ:EVTV), a provider of new zero-emission, purpose-built electric vehicles ("EVTV" or "Envirotech"), announced today that it has signed a Term Sheet ("Term Sheet") regarding a potential business combination transaction pursuant to which Maddox Defense Inc., ("Maddox") a prominent prime federal government contractor, supplier, and manufacturer would become a majority-owned...
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