Visionary Holdings Inc (NASDAQ:GV) shares have surged 320% to $5.93 since Monday after announcing a $1 billion financing deal with Qatar’s Alfardan Group on Wednesday. The funding will support R&D and global expansion of the company’s PEGASUS new energy vehicles.
What Else: While full financial details remain undisclosed due to NASDAQ regulations, the investment marks a major milestone for the company’s EV ambitions.
The Toronto-based firm plans to allocate funds toward improving battery efficiency, intelligent driving and vehicle safety while establishing a manufacturing base and optimizing production. Additionally, Visionary aims to expand branding and sales to strengthen PEGASUS’s position in the EV market.
Looking ahead, Visionary says the company …
