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Tevva, a British electric truck maker, had filed the suit after Mesa-based ElectraMeccanica ended the proposed merger between the two businesses in October.
Under the terms of the deal, Mesa-based ElectraMeccanica shareholders will own 23.5% of the combined company, with Tevva shareholders owning 76.5%.
ElectraMeccanica Vehicles Corp. is halting production of its Solo three-wheeled electric vehicles after a voluntary recall of the cars.