InvestmentJul 1, 2026, 04:32 PM
E-Power Closes $16.0M Private Placement, Issues 15.8M Shares
AI Summary
E-Power Inc. announced the closing of its previously disclosed private placement offering on June 29, 2026. The company issued 15,841,585 Class A Ordinary Shares to a purchaser at $1.01 per share, generating approximately $16.0 million in gross proceeds. The net proceeds from this offering are intended for working capital, investments, and other general corporate purposes.
Key Highlights
- Private Placement closed on June 29, 2026.
- Issued 15,841,585 Class A Ordinary Shares.
- Purchase price of $1.01 per share.
- Aggregate gross proceeds of approximately $16.0 million.
- Net proceeds to be used for working capital, investments, and general corporate purposes.
- Shares issued in reliance on Rule 902 of Regulation S.
Price Impact
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