Star8 Corp. (OTC: STRH) announced today in a press release that it will merge with Italian Motorcycle EV company TOMAHAWK SRL.
TOMAHAWK SRL is based in Abruzzo, Italy and was founded in 2019 by the Scarponi brothers. Scarponi Motorcycles developed three models in 2020. In 2021, they established a manufacturing and R&D facility in Teramo, Abruzzo. Homologation of all three models for all EU countries was achieved in May 2023. In June 2023, production commenced on all three models.
The merger will allow access to the capital markets for funding and new distribution channels into the Americas and beyond. The company plans to expand production levels and begin marketing its EV Motorcycles to the rest of Europe, America and Asia. Shares were trading up 40 percent in afternoon trade.
Copyright © 2024 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com’s content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
View the original article on AllPennyStocks.com
]]>