ATLIS REQUESTS QUALIFICATION FROM SEC ON QUEST TO GO PUBLIC VIA NASDAQ

MESA, Ariz., July 19, 2022 /PRNewswire/ -- Atlis Motor Vehicles (Atlis), a vertically integrated EV technology company with the goal to electrify the work truck segment, today announced submission of its 1/A-A amendment to the Securities and Exchange Commission (SEC) and subsequent request for qualification on its final Regulation A fundraising campaign before becoming publicly listed on Nasdaq.

Once qualified by the SEC on Friday, July 22, 2022, the amended offering circular prices the company's shares of common stock at $27.50 per share. Investors can purchase shares of Atlis through the company's website - https://investinatlis.com/.

Once publicly listed, retail investors will be able to trade shares of Atlis on Nasdaq as the company develops technology to further encourage and enable the mass adoption of electric vehicles.

Based on the premise that current electric vehicles don't have the true capability to compete in the work truck market, Atlis is developing an electric truck for individuals and fleet owners who work in the agriculture, service, utility, and construction industries. To meet the towing and payload capabilities of legacy diesel-powered vehicles, the company also is developing proprietary battery technology, electric motors, a modular system architecture and a high capacity, fast-charging ecosystem.

About Atlis Motor Vehicles
Atlis is a mobility-technology company developing products that will power work. The Atlis innovators are building an electric vehicle technology platform for heavy- and light-duty work trucks used in the agriculture, service, utility, and construction industries. To meet the towing and payload capabilities of legacy diesel-powered vehicles, Atlis is developing proprietary battery technology and a modular system architecture capable of scaling to meet the specific needs of the all-electric vehicle. All Atlis technology is designed, developed, and produced in Mesa, Arizona. More information is available on the Atlis website at www.atlismotorvehicles.com.

Forward-Looking Statements
Certain information set forth in this press release contains "forward-looking information", including "future-oriented financial information" and "financial outlook", under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company's business, projects, and joint ventures; (iv) execution of the Company's vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company's projects; (vi) completion of the Company's projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the Company's current customer, supplier and other material agreements; and (vii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management's beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment.

These statements are not guaranteeing of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.

Although forward-looking statements contained in this press release are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.

SOURCE Atlis Motor Vehicles (ATLIS)

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