Business
EZGO Announces the Termination of the Previously Proposed Registered Direct Offering
CHANGZHOU, China, Sept. 11, 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. 11, 2023 /PRNewswire/ -- EZGO Technologies Ltd. (Nasdaq: EZGO) (\"EZGO\" or the \"Company\"), a leading short-distance transportation solutions provider in China, today announced that the previously announced registered direct offering to issue 8,849,558 Ordinary Shares and warrants to purchase 8,849,558 Ordinary Shares to certain institutional investors was terminated, except for the sale of 351,433 pre-settlement Ordinary Shares which were sold at the price of $1.13 per share to an investor.\n\nThis press release shall not constitute an offer to sell or a 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 laws of any such state or jurisdiction.\nAbout EZGO Technologies Ltd.\nLeveraging an Internet of Things (IoT) product and service platform and three e-bicycle brands, \"EZGO\" and \"Cenbird\", EZGO has established a business model centered on the manufacturing and sale of two-and three-wheeled electric vehicles, lithium batteries, complemented by the e-bicycle charging pile business. For additional information, please visit EZGO's website at www.ezgotech.com.cn. Investors can visit the \"Investor Relations\" section of EZGO's website at www.ezgotech.com.cn/Investor.\nSafe Harbor Statement\nThis press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as \"may,\" \"will,\" \"intend,\" \"should,\" \"believe,\" \"expect,\" \"anticipate,\" \"project,\" \"estimate,\" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Compa...