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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): October 2, 2023

 

ARCIMOTO, INC.

(Exact name of registrant as specified in its charter)

 

Oregon

(State or other jurisdiction of incorporation)

 

001-38213   26-1449404
(Commission   (IRS Employer
File Number)   Identification No.)

 

2034 West 2nd Avenue, Eugene, OR 97402

(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code (541) 683-6293

 

 

(Former name or former address, if changed since last report.)

  

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

  ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of Each Class   Trading Symbol(s)   Name of Each Exchange on Which Registered
Common stock, no par value   FUV   Nasdaq Capital Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ 

 

 

 

 

 

Item 2.04. Triggering Events That Accelerate or Increase a Direct Financial Obligation (DFO) or an Obligation Under an Off-Balance Sheet Arrangement (OBSA).

 

On October 2, 2023, Arcimoto, Inc. (the “Company”) failed to make its required dividend payment on its Series D 8% Convertible Preferred Stock (the “Series D Stock”). Under the terms of the Series D Stock, the dividend rate increased due to such failure from 8% to 15%.

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  ARCIMOTO, INC.
     
Date: October 6, 2023 By: /s/ Christopher Dawson
    Christopher Dawson
    Chief Executive Officer

 

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Cover
Oct. 02, 2023
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Document Type 8-K
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Document Period End Date Oct. 02, 2023
Entity File Number 001-38213
Entity Registrant Name ARCIMOTO, INC.
Entity Central Index Key 0001558583
Entity Tax Identification Number 26-1449404
Entity Incorporation, State or Country Code OR
Entity Address, Address Line One 2034 West 2nd Avenue
Entity Address, City or Town Eugene
Entity Address, State or Province OR
Entity Address, Postal Zip Code 97402
City Area Code 541
Local Phone Number 683-6293
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Title of 12(b) Security Common stock, no par value
Trading Symbol FUV
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Entity Emerging Growth Company false
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