E Automotive Inc. d/b/a EINC. Announces Voluntary Delisting from Toronto Stock Exchange and Launch of Substantial Issuer Bid

TORONTO, April 10, 2023 /CNW/ - E Automotive Inc. d/b/a EINC (TSX:EINC.TO) ("EINC" or the "Company") announced today that its board of directors ("Board"), the Company's shareholders  and the Toronto Stock Exchange have all approved the voluntarily delisting of the Company's common shares ("Shares") from the Toronto Stock Exchange (the "TSX"). The Company also announced today that its Board has approved the commencement of a substantial issuer bid under which the Company will offer to repurchase for cancellation up to C$7.5 million of its Shares to provide existing shareholders an opportunity for liquidity in advance of the voluntary delisting.