Corporate ActionMay 19, 2026, 01:37 PM
Smart Powerr to Raise $2M in Registered Direct Offering at $0.45/Share
AI Summary
Smart Powerr Corp. announced it has entered into a definitive agreement for a registered direct offering to sell approximately $2 million of its Common Stock. The shares will be sold at a purchase price of $0.45 per share, with the company expecting to receive approximately $2 million in gross proceeds. The transaction is anticipated to close on or about May 20, 2026, with Univest Securities, LLC serving as the sole placement agent.
Key Highlights
- Smart Powerr Corp. to raise approximately $2 million in a registered direct offering.
- The company will sell Common Stock at a purchase price of $0.45 per share.
- Gross proceeds to the company are expected to be approximately $2 million.
- The transaction is expected to close on or about May 20, 2026.
- Univest Securities, LLC is acting as the sole placement agent for the offering.
Price Impact
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