Vicinity Motor approved for stock uplisting to the Nasdaq Capital Market

Vicinity Motor Corp (CVE:VMC) (OTCQX:BUSXF) (FRA:6LG) has received approval from Nasdaq Stock Market LLC to list the company’s common shares on the Nasdaq Capital Market.  The supplier of electric, CNG, gas and clean diesel vehicles, was formerly known as Grande West Transportation Group Inc and changed its name to Vicinity Motor in March 2021.  Shares are anticipated to commence trading on the Nasdaq on Wednesday, July 7, 2021 under the symbol 'VEV'.  READ: Vicinity Motor customers in British Columbia to receive up to $100,000 in electric vehicle purchase incentives According to Vicinity, its common shares will continue to trade on the OTCQX until market close on July 6, 2021. The trading symbols on the TSX Venture and Frankfurt exchanges will remain unchanged. "The listing of our shares on the Nasdaq represents a significant milestone for Vicinity Motor as we leverage our strong momentum to accelerate sales of our next-generation electric vehicle (EV) products," William Trainer, founder and CEO of Vicinity said in a statement. "We believe a Nasdaq listing will help elevate the company's public profile, expand our shareholder base, improve liquidity and enhance shareholder value." Earlier this month, the auto-focused firm received a new purchase order from Québec private transit operator Le Groupe Transbus for its Vicinity Classic buses. Le Groupe Transbus has ordered three of Vicinity Motor's 30-foot Clean-Diesel Vicinity Classic buses. Once the transaction is complete, Transbus will have a dozen Vicinity Classic buses in its fleet. "We continue to see traction in the marketplace, delivering 20% more vehicles in the first quarter of 2021 than we did in all of 2020 combined,” said Trainer. “We believe that our growth in the future will be driven by our breakthrough Vicinity Lightning™ EV bus, as well as our new VMC 1200 Class 3 EV truck. Both of which have seen strong support from government agencies, private operators, dealers and transit authorities for the electrification of their fleets.” Contact the writer at georgia@proactiveinvestors.com Follow her on Twitter @MissInformd