Private Placement Form 8 K

On September 16, 2024, Envirotech Vehicles, Inc., a Delaware corporation (the "Company"), entered into securities purchase agreements with three private investors with respect to the private placement (the "Private Placement") of an aggregate of 451,806 shares of the Company's common stock, $0.00001 par value (the "Common Stock"), at a price of $1.66 per share and warrants to purchase up to an aggregate of 451,806 shares of Common Stock, which caused the aggregate number of equity securities sold by the Company in private placements or other transactions that were not registered under the Securities Act of 1933, as amended (the "Securities Act"), since the Company's last periodic report (as filed on August 14, 2024) to exceed 5% of the number of outstanding shares of Common Stock. The Company shall receive aggregate gross cash proceeds from the Private Placement (exclusive of proceeds from any future exercise of the Warrants) of $750,000.

The Warrants have a term of two years and are exercisable at any time after September 16, 2024, at an exercise price of $1.66 per share.

The shares of Common Stock and Warrants were issued and sold by the Company in the Private Placement without registration under the Securities Act in reliance on the exemption provided by Section 4(a)(2) of the Securities Act as transactions not involving a public offering. The shares of Common Stock sold in the Private Placement are, and the shares of Common Stock to be issued upon the exercise of the Warrants will be, restricted securities that have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act and any applicable state securities laws.