InvestmentMay 22, 2026, 08:32 AM
Smart Powerr Corp. Raises $2M in Direct Offering
AI Summary
Smart Powerr Corp. announced the closing of a registered direct offering on May 20, 2026, through which it issued 4,500,000 shares of common stock at a price of $0.45 per share. The offering generated approximately $2 million in gross proceeds, intended for working capital and general corporate purposes. The agreement also includes an option for purchasers to acquire an additional 4,500,000 shares within 30 days of the initial closing.
Key Highlights
- Completed a registered direct offering on May 20, 2026.
- Issued 4,500,000 shares of common stock at $0.45 per share.
- Received approximately $2 million in gross proceeds from the offering.
- Net proceeds will be used for working capital and general corporate purposes.
- Purchasers have an option to acquire an additional 4,500,000 shares within 30 days.
- Univest Securities, LLC served as the exclusive placement agent.
- Placement agent received an 8% cash fee and up to $30,000 for expenses.
Price Impact
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