E-Power prices $1.87M registered direct offering of shares

E-Power Inc. (NASDAQ: EPOW) has entered into a securities purchase agreement with a non-U.S. investor to sell approximately $1.87 million in Class A ordinary shares and pre-funded warrants in a registered direct offering, according to a press release.

Under the terms of the agreement, the company will issue 229,097 ordinary shares at $3.60 per share, with a par value of $0.0025 per share. Additionally, pre-funded warrants to purchase up to 292,393 ordinary shares will be sold at $3.59 per warrant. The pre-funded warrants are exercisable immediately at a nominal exercise price of $0.01 per share and will expire upon full exercise.

Gross proceeds are expected to total approximately $1.87 million before placement agent fees and other offering expenses. The company stated it intends to use net proceeds for working capital and general corporate purposes.

The offering was expected to close on or about September 30, 2026, subject to customary closing conditions. FT Global Capital, Inc. is serving as the exclusive placement agent.

The securities are being offered under a registration statement on Form F-3 that the Securities and Exchange Commission declared effective on July 30, 2026.

E-Power manufactures and sells graphite anode material for lithium-ion batteries, operating a production facility in Guizhou Province, China.

You May Also Be Interested In

• E-Power prices $1.87M registered direct offering of shares
• TMC adds ex-ExxonMobil upstream president to its board
• Beasley Broadcast raises $5M via direct offering and private placement