 CORONA, CA ACCESSWIRE December 24, 2020 ADOMANI, Inc. OTCQB:ADOM a provider of new zero-emission, purpose-built electric vehicles and drivetrain solutions ADOMANI, announced today that it has entered into a securities purchase agreement the Agreement to raise gross proceeds of up to 23 million resulting from the sale of shares of its common stock and warrants to purchase additional shares of its common stock through a private investment in public equity PIPE financing, which is to occur in two separate closings the PIPE Financing. At the first closing of the PIPE Financing, which is expected to occur on December 29, 2020, ADOMANI will raise aggregate gross proceeds of 5,750,000 through the sale and issuance of 11,500,000 shares of its common stock at a purchase price equal to 0.50 per share, and warrants to purchase up to an aggregate of 8,625,001 shares of its common stock at an exercise price of 0.50 per share. 