Adomani Becomes Publicly Traded Company
The electric and hybrid vehicle solution supplier completes its Regulation A common stock offering and is listed on Nasdaq with the ticker symbol “ADOM.”
Adomani completed its Regulation A common stock offering and is listed on Nasdaq with the ticker symbol “ADOM.”
Adomani completed its Regulation A common stock offering and is listed on Nasdaq with the ticker symbol “ADOM.”
NEWPORT BEACH, Calif. — Adomani Inc., a supplier of electric and hybrid vehicle solutions, announced on Thursday the completion of its Regulation A common stock offering and listing on Nasdaq with the ticker symbol “ADOM.”
The company and certain selling stockholders sold more than 2.5 million shares in the offering at $5 per share, yielding proceeds to the company of approximately $9.2 million, according to Adomani.
“Electric fleets will be an important part of tomorrow’s transportation infrastructure,” said Adomani CEO Jim Reynolds. “This capital raise is a milestone achievement that will allow us to grow quickly and take first mover advantage at a transformative time in the market, while allowing our new and existing investors to share in the exciting road ahead.”
The initial public offering enables Adomani to use its patented technology to accelerate the design, manufacture, and marketing of its electric and hybrid drivetrains for new vehicles and for use in existing vehicles, including school buses and medium to heavy duty commercial fleet vehicles. The replacement drivetrain systems are designed to reduce the total cost of vehicle ownership for fleet operators and help them unlock further benefits of green technology, such as addressing the challenges of traditional fuel price cost instability, and local, state, and federal environmental regulatory compliance, according to the supplier.
The Adomani transaction is the first Regulation A offering to be listed on Nasdaq, according to the supplier. The amended “Regulation A+” provisions, part of the Jumpstart Our Business Startups (JOBS) Securities Act, enhances the ability of small companies to obtain financing by allowing for up to $50 million of funding from accredited or non-accredited investors.
Boustead Securities served as lead underwriter and Network 1 Financial Securities as co-underwriter for the offering.
Adomani and partner Lion Bus recently hosted a demonstration in Arizona to share information about the eLion Type C electric bus. The companies have an exclusive arrangement that allows Adomani to sell the eLion in Arizona, Idaho, Nevada, Oregon, Utah, and Washington.
More Alternative Fuels
Alt-Fuel Moves: Electric Bus Rollouts, Bidirectional Charging & Propane Growth
See which fleets are adding electric and propane school buses as districts and operators invest in charging infrastructure, bidirectional technology, and alternative-fuel expansion.
Read More →
Nobody Told Diesel Prices They Were Supposed to Come Down
With diesel prices surging, school bus fleets have new reason to stress-test fuel costs, consider diversification, and calculate what each route really costs to operate.
Read More →
Why Gasoline School Buses Are Making a Comeback
Gasoline is gaining ground in full-size school buses. See how today’s options stack up against diesel on cost, maintenance, emissions, performance, and more.
Read More →
EPA Opens $180M DERA Funding Round for Diesel Upgrades
The 2026 Diesel Emissions Reduction Act program seeks applications from eligible organizations to accelerate the retirement of legacy diesel vehicles.
Read More →
The Secret Life of an Electric School Bus Battery
Batteries change throughout years of daily routes, but degradation doesn’t necessarily mean the end. Here’s what operators should know about performance, safety, and second life.
Read More →
CALSTART and Forth Combine to Form Catalyst Mobility
The new name represents a renewed vision for the nonprofit focused on advancing clean, equitable, and affordable transportation solutions that move people and goods.
Read More →
Alt-Fuel Moves: New Buses, Charging Hubs & Real-World EV Testing
Propane and electric school bus deployments continue to grow as districts add new vehicles, expand charging infrastructure, and gather more real-world operating data.
Read More →
Fewer Electric School Bus Models Reshape the U.S. Market
WRI’s latest buyer’s guide points to a consolidating electric school bus market, but fewer options may reflect a maturing industry rather than fewer meaningful choices for school bus operators.
Read More →
The Fuel Budget You Can Actually Predict: How Propane Autogas Keeps Money in the Classroom
Learn how propane autogas helps school districts manage fuel costs with predictable pricing, lower maintenance, and reduced emissions from former transportation director Joel Stutheit.
Read More →
Hendrickson, Driventic Introduce New Electric Powertrain for School Buses
ELECTRAAX, the electrified, lightweight drive axle offers integrated ePowertrain efficiency and modular flexibility for Class 6–7 school bus use.
Read More →