Arcimoto Announces Move to Nasdaq Global Market

April 12, 2021

EUGENE, Ore.–Arcimoto, Inc.® (NASDAQ: FUV), makers of affordable, practical, and joyful pure electric vehicles for everyday commuters and fleets, today announced that it has received approval from NASDAQ to begin listing its shares of common stock on The NASDAQ Global Market effective today, April 12, 2021. The move to The NASDAQ Global Market from The NASDAQ Capital Market reflects the significant growth of Arcimoto’s business and market capitalization.

“Arcimoto’s rise speaks volumes about the urgency of our mission and the importance of creating a sustainable transportation system as soon as possible,” said Mark Frohnmayer, Arcimoto Founder and CEO. “Arcimoto is building products to solve this global problem. We believe the move to The Nasdaq Global Market will make Arcimoto more accessible to investors around the world who are aligned with our mission.”