Smith Electric Vehicles Raises $58M for Acquisition, Expansion
Kansas City Business Journal, March 8, 2011
Smith Electric Vehicles U.S. Corp. has raised $58 million in a private placement that will be used partly to pay for the recent purchase of its British counterpart.The Kansas City-based company, which makes plug-in electric delivery trucks, said late Monday that it sold $39 million in preferred stock shares and converted bridge notes and related warrants into an additional $19 million in convertible stock shares.LANE4 is pleased to serve as Smith Electric’s national real estate and incentives procurement representative.
This post was published onWednesday, March 9th, 2011
LANE4 Group works to right size your Commercial Real Estate needs whether in leasing, development or management of your property. To learn more about the LANE4 difference, we encourage you to contact us.
LANE4 is a Kansas City based commercial real estate agency that transforms challenges into opportunities. We offer a full-service approach, focusing on leasing, development, and management for retail, office, mixed-use, civic, and multifamily projects. We’re committed to building collaborative partnerships that help transform our communities.
