MENU
SEARCHThe name change reflects the company’s increasing focus on next-generation electric bus commercialization efforts.
The name change reflects the company’s increasing focus on next-generation electric bus commercialization efforts. Shown here is a design rendering of the Vicinity Lightning EV.
Rendering via Vicinity
Grande West Transportation Group Inc. (Grande West) will convene a shareholders meeting on March 24 to seek approval for a consolidation of its share capital in order to meet near-term NASDAQ uplisting requirements.
The proposal to be presented calls for up to every three shares of the company before consolidation to be consolidated into one share. The company currently has 86,507,263 shares outstanding, and approximately 28,835,754 shares will be outstanding after the consolidation.
Concurrent with the share consolidation, Grande West will change its name to Vicinity Motor Corp. to reflect the company's increasing focus on the commercialization of its next-generation electric buses.
"We are thrilled to announce our name change to Vicinity Motor Corp. and our pursuit of a NASDAQ listing in 2021," said William Trainer, President/CEO Grande West. "We believe that a NASDAQ listing will enable us to improve liquidity, broaden our potential shareholder base to U.S. investors, and best allow the company to achieve fair value in the capital markets. I look forward to continued operational and capital markets execution in the months ahead, positioning the company for what I believe will be a watershed year."
The share consolidation is subject to shareholder approval, and documentation in support being accepted for filing by the TSX Venture Exchange and the Registrar of Companies for the Province of British Columbia. The name change is also subject to regulatory approval.
METRO’s People Movement highlights the latest leadership changes, promotions, and personnel news across the public transit, motorcoach, and people mobility sectors.
Read More →
BART began offering select parking lots to non-BART riders to generate new revenue to help address its FY27 $376M operating budget deficit brought on by remote work.
Read More →
Agencies across the U.S. honored transit workers on March 18, recognizing the essential roles they play in keeping communities moving daily.
Read More →
Drawing on decades of industry experience, Evans-Benson offered insights into the differences between the two, along with tips for better customer engagement and more.
Read More →
The renewals include continued operations at Fort Lauderdale-Hollywood International Airport in Florida; the PRTC in Virginia; and RTC Washoe in Nevada.
Read More →
The new system introduces tap-to-pay, touchscreen kiosks, and updated Breeze cards, with both old and new systems running through May.
Read More →
The governor’s proposed auto insurance reforms could save the agency $48 million annually by limiting payouts in crashes where buses are not primarily at fault.
Read More →
What truly drives the cost of a paratransit fleet? Beyond the purchase price, seven operational factors quietly determine maintenance frequency, downtime, and long-term service reliability. This whitepaper explores how these factors shape lifecycle cost and what agencies should evaluate when selecting paratransit vehicles.
Read More →
In this conversation, TBC’s Executive Director Ed Redfern, President Corey Aldridge, and Washington Representative Joel Rubin outline the coalition’s key policy priorities, the challenges facing transit agencies, and how industry stakeholders can work together to strengthen the voice of bus transit at the federal level.
Read More →
Amanda Wanke, who has worked at DART for 10 years, including the past 2½ years as CEO, will join Metro Transit as deputy chief operating officer, operations administration.
Read More →
