Benzinga | Aug 17, 2021 04:20PM EDT

Arcimoto 8-K Shows Corrections To Vehicle Production Numbers For Q1, Q2'21

In Item 2. Management?s Discussion and Analysis of Financial Condition andResults of Operations in the Arcimoto, Inc. (the ?Company?) Quarterly Report onForm 10-Q for the quarter ended March 31, 2021, the Company reported thatduring the three months ended March 31, 2021, the Company produced 84 modelyear 2021 vehicles when, in fact, the Company actually produced 88 model year2021 vehicles during that period.



In the Company?s earnings release for the quarter ended March 31, 2021 (furnished on Current Report on Form 8-K to the Commission on May 17, . 2021), the Company reported that during that quarter, the Company manufactured a record 84 vehicles when, in fact, the Company actually manufactured a record 88 vehicles during that period.



In the Company?s earnings release for the quarter ended June 30, 2021 (furnished on Current Report on Form 8-K to the Commission on August 16, . 2021), the Company reported that during that quarter, the Company manufactured 74 vehicles when, in fact, the Company actually manufactured 85 vehicles during that period.



The Company's Quarterly Report on Form 10-Q correctly reported that the total number of vehicles produced during the six months ended June 30, 2021 was 173. The errors noted above did not otherwise affect any of the Company's previously reported operating or other results.