Corporate ActionJun 29, 2026, 04:07 PM
XCharge Prices $4.375M Registered Direct Offering
AI Summary
XCharge Ltd. announced the pricing of a registered direct offering, expecting to raise approximately $4.375 million. The company will sell 7,000,000 American depositary shares (ADSs) to a single global institutional investor. A.G.P./Alliance Global Partners is serving as the sole placement agent, receiving a 6.75% commission. The net proceeds from the offering are intended for working capital and general corporate purposes.
Key Highlights
- XCharge priced a registered direct offering to raise $4.375 million.
- The offering involves the sale of 7,000,000 American depositary shares (ADSs).
- A single global institutional investor is purchasing the ADSs.
- A.G.P./Alliance Global Partners is acting as the sole placement agent.
- The placement agent will receive a cash fee of 6.75% of gross proceeds.
- Net proceeds will be used for working capital and general corporate purposes.
Price Impact
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