KANSAS CITY, Mo., Nov. 10, 2011 /PRNewswire/ -- Smith Electric Vehicles Corp. today filed a registration statement with the Securities and Exchange Commission for an initial public offering of its common stock. Smith Electric Vehicles designs, produces and sells zero-emission commercial electric vehicles to commercial fleet operators. The number of shares to be offered and the price range for the offering have not yet been determined. The shares of common stock to be sold in this offering (including the shares of common stock that may be sold to satisfy the underwriters' over-allotment option) would be sold by Smith Electric Vehicles Corp. and by certain of its stockholders.
UBS Investment Bank and BofA Merrill Lynch are acting as the joint book-running managers for the offering.
When available, a copy of the preliminary prospectus may be obtained from UBS Investment Bank, via telephone: (888) 827-7275; or at UBS Investment Bank, Attn: Prospectus Department, 299 Park Avenue, New York, NY 10171; or from BofA Merrill Lynch, via email: dg.prospectus_requests@baml.com; or at BofA Merrill Lynch, Attn: Prospectus Department, 4 World Financial Center, New York, NY 10080.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
About Smith Electric Vehicles Corp.:
Smith Electric Vehicles Corp. designs, produces and sells zero-emission commercial electric vehicles that are designed to be an alternative to traditional diesel trucks with higher efficiency and lower total cost of ownership. Its vehicle designs leverage more than 80 years of market knowledge from selling and servicing electric vehicles in the United Kingdom. Smith Electric Vehicles produces the Newton' and the Edison'. The company operates manufacturing facilities in Kansas City, Mo., and outside of Newcastle, U.K.
SOURCE Smith Electric Vehicles Corp.
