Feb. 4 at 1:28 PM
$LFEV DEERFIELD BEACH, FL - January 28, 2026 - Life Electric Vehicles Holdings, Inc. (“Life EV” or the “Company”) announces that it has authorized and won the bid to acquire substantially all of the assets of Rad Power Bikes, Inc. (“Rad Power”), a well-known electric bicycle brand.
Life EV’s bid, reflecting consideration of approximately
$13.3 million in cash and an implied total value of approximately
$14.9 million when accounting for assumed liabilities, was the highest and best offer submitted in a court-supervised auction process.
The proposed acquisition remains subject to Bankruptcy Court approval and customary closing conditions.
Life EV believes the acquisition, upon closing, would represent a significant strategic opportunity to expand its footprint in the electric mobility sector. The Company will provide additional updates as appropriate. https://www.otcmarkets.com/stock/LFEV/news/Life-Electric-Vehicles-Holdings-Inc-OTC-LFEV-Wins-Bid-to-Acquire-Rad-Power-Bikes-Assets?id=508381
