RIDE - Arcimoto - With Cash Running Low Dilution Appears To Be Straight Ahead - Avoid

• Discussing last week's Q4 and full-year financial results. In 2021, the company recorded a paltry $4.4 million in sales while cash usage reached a record $58.4 million.
• As of March 31, cash was down to just $7.2 million. The company will likely be required to start selling new common shares into the open market soon.
• Number of outstanding shares could increase by 40% over the course of this year.
• Discussing weak prospects for a much-needed ATVM loan which appears to be at the center of a holistic funding approach envisioned by management.
• Investors should abstain from chasing the shares at this point or consider selling existing positions.

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