EUGENE, Ore., June 21, 2022 (GLOBE NEWSWIRE) -- Arcimoto, Inc. ® (NASDAQ: FUV), makers of rightsized, outrageously fun, ultra-efficient electric vehicles for moving people and stuff, announced that the Company's 2022 Annual Meeting of Shareholders (the "2022 Annual Meeting"), on June 17, 2022 at 9:00 a.m. PDT was convened and adjourned, without any business being conducted, due to lack of the required quorum. A quorum consists of a majority of the shares entitled to vote. There were fewer than a majority of shares entitled to vote present, either in person or by proxy at this meeting. The 2022 Annual Meeting therefore had no quorum and the meeting was again adjourned to 9:00 a.m. PDT on Friday, July 1 to allow additional time for the Company's shareholders to vote on the proposals set forth in the Company's definitive proxy statement filed with the United States Securities and Exchange Commission (the "SEC") on May 20.