Huachen AI prices $2.75M registered direct offering on Nasdaq

Huachen AI Parking Management Technology Holding Co., Ltd. (NASDAQ: HCAI), a China-based provider of equipment structural components and electric vehicle charging solutions, announced the pricing of a registered direct offering of 2,750,000 Class A Ordinary Shares at $1.00 per share, with accompanying warrants to purchase up to 2,750,000 additional Class A Ordinary Shares.

The aggregate gross proceeds from the offering are expected to be approximately $2.75 million, before deducting placement agent fees, legal fees, and other offering-related expenses. The transaction is expected to close on or about September 16, 2026, subject to customary closing conditions.

Each warrant will be immediately exercisable upon issuance at an initial exercise price of $1.00 per share and will expire on the third anniversary of the issuance date. The exercise price is subject to customary anti-dilution adjustments.

The offering is being made pursuant to a registration statement on Form F-3 previously filed with the U.S. Securities and Exchange Commission, which was declared effective on June 12, 2026. Maxim Group LLC is acting as the sole placement agent. Ortoli Rosenstadt LLP is serving as U.S. securities counsel to the company, and Pryor Cashman LLP is acting as U.S. securities counsel to the placement agent.

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