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    VIVC   US9285341064

VIVIC CORP.

(VIVC)
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VIVIC CORP. : Unregistered Sale of Equity Securities, Change in Directors or Principal Officers, Other Events (form 8-K)

07/14/2020 | 08:20am EST

Item 3.02 Unregistered Sales of Equity Securities.

On July 10, 2020, Vivic Corp, ("Company") approved the issuance of the 13,083,162 shares of common stock to a group of individuals and entities pursuant to the stock purchase agreements. The issuance of these shares is pursuant to the exemption from registration provided by Section 4(2) of the Securities Act of1933.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On July 9, 2020, in a Special Meeting of the Board of Directors and a special meeting of the stockholders of Vivic Corp, ("Company"), the majority shareholders and the board approved and made effect the following changes to the positions of the Board of Directors and the executive officers of the Company:

(1)Wen-Chi Huang was removed from the positions of the Chairman of the board of directors, President and the board director, effective immediately.

(2)Huilan Chen and Liu Shiang Kung Hwang resigned from the positions of board directors

(3)Yun-Kuang Kung resigned from the position of Chief Executive Officer.

(4)Shang-Chiai Kung was appointed the Chairman of the board, board director, President and the Chief Executive Officer.

(5)Cheng-Hsing Hsu was appointed board director, Treasurer and Chief Financial Officer

(6)Cheng-Lung Soong was appointed board director and Secretary

Item 8.01 Other Events.

On June 29, 2020, the Company approved the share cancellation agreements to cancel 19,512,441shares of common stock held by a group of individuals and entities.

© Edgar Online, source Glimpses

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Financials (USD)
Sales 2020 0,24 M - -
Net income 2020 -0,96 M - -
Net Debt 2020 0,12 M - -
P/E ratio 2020 -40,2x
Yield 2020 -
Capitalization 14,0 M 14,0 M -
EV / Sales 2019 272x
EV / Sales 2020 242x
Nbr of Employees -
Free-Float 28,8%
Chart VIVIC CORP.
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Income Statement Evolution
Managers and Directors
Shang-Chiai Kung Chairman, President, CEO & Chief Financial Officer
Yun-Kuang Kung Director
Liao Kun-Teng Secretary & Director
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