Envirotech Vehicles Reveals Acquisition Of Maddox Industries, A Provider Of Government Contracting Solutions Based In Puerto Rico; Terms Include 3.1M Shares And Conditional Payment Of $1M In Cash
Envirotech Vehicles Reveals Acquisition Of Maddox Industries, A Provider Of Government Contracting Solutions Based In Puerto Rico; Terms Include 3.1M Shares And Conditional Payment Of $1M In Cash
Envirotech Vehicles透露收购波多黎各政府合同解决方案提供商Maddox Industries；条款包括310万股份和100万美元的有条件付款
This strategic partnership is set to enhance Envirotech's capabilities in U.S. manufacturing and logistics, delivering a multimillion-dollar revenue stream from government contracts over the next three years while creating U.S. based manufacturing jobs.
该战略合作伙伴关系将增强Envirotech在美国制造和物流领域的能力，在未来三年内通过政府合同提供数百万美元的收入来源，同时创造美国制造业就业机会。
The terms of the transaction provide for the issuance of 3.10 million shares of common stock to the owner of Maddox Industries, as well as the conditional payment of $1 million in cash upon the collection of the same amount of Maddox's outstanding accounts receivables within 180 days after the closing.
交易条款规定，向Maddox Industries的所有者发行310万股普通股，并在收盘后180天内收取等额的Maddox未清应收账款后，有条件地支付100万美元的现金。
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