E-Cite Motors Secures Investor Confidence with Stock Lockup Agreement

E-Cite Motors Group, a leading low-volume electric vehicle manufacturer, announced a significant lockup agreement with its largest investor, Capital Consulting, Inc. The agreement effectively eliminates 90% of potential conversions, bolstering E-Cite's capital structure. This move underscores a strong investor belief in the company's future, reducing dilution risks and paving the way for long-term growth.

Under this one-year lockup, Capital Consulting commits to prohibiting any note conversions, allowing E-Cite to focus on retiring outstanding obligations. Barry Henthorn, CEO, highlights this step as crucial for enhancing shareholder value and securing long-term support. Mark Schaftlein of Capital Consulting expressed strong confidence in E-Cite's strategic direction and growth potential.

This agreement aligns with E-Cite's regulatory advantage under the Low Volume Manufacturers Act, distinguishing it from traditional automakers. This allows E-Cite to expedite vehicle production, offering a unique competitive edge in the electric vehicle market. Together with its strengthened capital structure, E-Cite presents a compelling opportunity for investors.