InvestmentJun 23, 2026, 04:32 PM
E-Power Raises $16M in Private Placement of Shares
AI Summary
E-Power Inc. announced it has entered into a subscription agreement to raise $16 million through a private placement. The company will issue 15,841,585 Class A ordinary shares at a price of $1.01 per share to a non-U.S. purchaser. The transaction, which has been approved by the board of directors, is expected to close around June 26, 2026.
Key Highlights
- E-Power Inc. entered into a subscription agreement with a purchaser.
- The company will issue 15,841,585 Class A ordinary shares.
- Shares are priced at $1.01 per share.
- The aggregate purchase price is $16,000,000.85.
- The transaction is expected to close on or about June 26, 2026.
- The purchaser is not a U.S. resident or U.S. person.
Price Impact
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