SRIVARU (SVMH) Announces Closing of Upsized $6.8 Million Underwritten Public Offering
1. SVMH completed a public offering of 106,250,000 units at $0.064 each. 2. The offering raised approximately $6.8 million in gross proceeds. 3. Underwriters have an option for over-allotments of nearly 16 million additional shares. 4. Warrants will be exercisable at $0.096 per share after shareholder approval. 5. Company focuses on premium electric motorcycles with innovative safety features.