Business
EZGO Announces Pricing of $10 Million Registered Direct Offering
CHANGZHOU, China, Sept. 6, 2023 /PRNewswire/ -- EZGO Technologies Ltd. (Nasdaq: EZGO) ("EZGO" or the "Company"), a leading short-distance transportation
About this update from Ezgo Technologies Ltd.
[{"type":"text","content":"CHANGZHOU, China, Sept. 6, 2023 /PRNewswire/ -- EZGO Technologies Ltd. (Nasdaq: EZGO) (\"EZGO\" or the \"Company\"), a leading short-distance transportation solutions provider in China, today announced that it has entered into a definitive agreement with certain institutional investors for the purchase and sale of 8,849,558 Ordinary Shares and warrants to purchase 8,849,558 Ordinary Shares, at a combined purchase price of $1.13 per Ordinary Share and the associated warrant. Each associated warrant is exercisable to purchase one Ordinary Share for $1.13. The warrant has a term equal to three years from the issuance date. The aggregate gross proceeds to the Company are expected to be approximately $10 million. The transaction is expected to close on or about September 8, 2023, subject to the satisfaction of customary closing conditions. \n Aegis Capital Corp. is acting as the Exclusive Placement Agent. \nThe registered direct offering is being made pursuant to an effective shelf registration statement on Form F-3 (No. 333-263315) previously filed with the U.S. Securities and Exchange Commission (the \"SEC\") and declared effective by the SEC on November 30, 2022. A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC's website located at http://www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, by contacting Aegis Capital Corp., Attention: Syndicate Department, 1345 Avenue of the Americas, 27th floor, New York, NY 10105, by email at [email protected], or by telephone at (212) 813-1010.\nBefore investing in this offering, interested parties should read in their entirety the prospectus supplement and the accompanying prospectus and the other documents that the Company has filed with the SEC that are incorporated by reference in such prospectus supplement and the accompanying prospectus, which provide more information about the Company and such offering.\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities ...