Vicinity Motor Corp. Faces Receivership and Trading Halt

Vicinity Motor (TSE:VMC) has released an update.

Vicinity Motor Corp. faces financial challenges as the Royal Bank of Canada plans to file a receivership order and PricewaterhouseCoopers LLP resigns as its auditor. The BC Securities Commission is expected to halt the trading of the company’s stock. These developments indicate significant instability for the company in the coming days.

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