Envirotech Vehicles Raises Equity to Maintain Nasdaq Listing

The latest update is out from Envirotech Vehicles ( (EVTV) ).

Envirotech Vehicles, Inc. reported that as of September 30, 2025, it had stockholders’ equity of approximately $1.86 million, and during the fourth quarter of 2025 it fully repaid $2.85 million in principal and accrued interest on outstanding convertible promissory notes under its amended standby equity purchase agreement with YA II PN, Ltd. In the fourth quarter of 2025 and the first quarter of 2026, the company raised about $3.1 million in gross proceeds through additional advances under that agreement, issuing 5,431,083 new common shares and boosting stockholders’ equity to above the $2.5 million minimum required to maintain its Nasdaq Capital Market listing, though it cautioned that continued compliance is not assured.

The most recent analyst rating on (EVTV) stock is a Hold with a $0.55 price target. To see the full list of analyst forecasts on Envirotech Vehicles stock, see the EVTV Stock Forecast page.

Spark’s Take on EVTV Stock

According to Spark, TipRanks’ AI Analyst, EVTV is a Neutral.

The score is held down primarily by weak financial fundamentals—negative gross profit, widening losses, shrinking equity with higher leverage, and continued negative operating/free cash flow. Technicals also reflect a broader downtrend (below major moving averages with negative MACD). Valuation provides limited support because the company is unprofitable and no dividend yield is available.

To see Spark’s full report on EVTV stock, click here.

More about Envirotech Vehicles

Envirotech Vehicles, Inc. is a Delaware-based company whose shares are listed on the Nasdaq Capital Market, subject to meeting that market’s minimum stockholders’ equity requirements.

Average Trading Volume: 19,616,536

Technical Sentiment Signal: Hold

Current Market Cap: $2.24M

Find detailed analytics on EVTV stock on TipRanks’ Stock Analysis page.