E Automotive Inc. d/b/a EINC Provides Update on Voluntary Delisting from Toronto Stock Exchange, Substantial Issuer Bid and Concurrent Private Placement

TORONTO, May 16, 2023 /CNW/ - E Automotive Inc. d/b/a EINC (TSX:EINC.TO) ("EINC" or the "Company") is providing an update on its previously announced voluntarily delisting of its common shares ("Shares") from the Toronto Stock Exchange (the "TSX"), substantial issuer bid (the "Offer") and concurrent private placement for up to C$20 million in Shares (the "Private Placement").