accessnewswire.com · Oct 7, 2025
E-Cite Motors Eliminates Additional 671,000 Shares Through Debt Reduction, Continuing Aggressive Efforts to Minimize Dilution and Build Shareholder Value
Company Reinforces Commitment to Minimizing Dilution While Leveraging Its Regulatory Advantages Over Traditional OEMs BOTHELL, WASHINGTON / ACCESS Newswire / October 7, 2025 / Innovative EV Technologies, Inc. dba E-Cite Motors Group, Inc. (OTCID:VAPR), a pioneering low-volume electric vehicle (EV) manufacturer, today announced that it has further eliminated approximately 671,000 additional shares of potential dilution by paying down its debt tied to the Convertible Promissory Note dated May 13. This proactive step further reduces the Company's share overhang, reinforcing its commitment to protecting shareholders while strengthening its capital structure.
