Material Event Form 8 K

Item 8.01 Other Events

As previously disclosed in our Current Report on Form 8-K filed with the SEC on September 9, 2024, we received a purchase order for 15 W56 step vans (the "Ordered Step Vans"). On September 27, 2024, we completed our work on the Ordered Step Vans and made the Ordered Step Vans available for the purchaser's upfitter to complete certain final customizations of the vehicles for the purchaser. In connection with the completion of our work on the Ordered Step Vans, we received payment in full for the Ordered Step Vans. We expect the Ordered Step Vans will be upfitted and delivered to the purchaser during the fourth quarter of 2024. The Ordered Step Vans remain subject to customary conditions on delivery and acceptance as well as customary rights of return and warranty rights.

Forward-Looking Statements

Certain statements in this Current Report on Form 8-K are forward-looking statements that involve a number of risks and uncertainties. These are statements that involve substantial risks and uncertainties, including our ability to timely deliver the Ordered Step Vans, conditions to delivery and acceptance applicable to the purchase order, and the expected delivery date and the expected performance of W56 step van. For such statements, the Company claims the protection of the Private Securities Litigation Reform Act of 1995. Actual events or results may differ materially from the Company's expectations. Additional factors that could cause actual results to differ materially from those stated or implied by the Company's forward-looking statements are disclosed in the Company's reports filed with the Securities and Exchange Commission.