GREENLAND TECHNOLOGIES HOLDING CORPORATION ANNOUNCES CLOSING OF UNDERWRITTEN PUBLIC OFFERING

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[{"type":"text","content":"EAST WINDSOR, N.J., Jan. 29, 2026 /PRNewswire/ -- Greenland Technologies Holding Corporation (Nasdaq: GTEC) ("Greenland" or the "Company"), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, today announced the closing of its previously announced underwritten public offering of 5,083,330 units (the "Units") at a public offering price of $1.20 per Unit. Each Unit consists of one ordinary share of the Company (each, an "ordinary share" and collectively, the "ordinary shares") and four-fifths of one warrant (each, a "warrant" and collectively, the "warrants"), with each whole warrant exercisable for one ordinary share.","length":785,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Greenland Technologies Holding Corporation)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Greenland Technologies Holding Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":400,"url":"https://media.zenfs.com/en/prnewswire.com/b3c6335f877cf420e9019db87766903a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/.qIxssy0mRuyezV8BTBNzQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTcwNTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/b3c6335f877cf420e9019db87766903a","width":400,"height":400}},"href":"https://mma.prnewswire.com/media/2280207/GTEC__Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Units were not certificated or issued as stand-alone securities. The ordinary shares and warrants included in the Units were immediately separable and were issued separately in the offering. The warrants are immediately exercisable upon issuance, have an exercise price of $1.20 per share, or by means of a zero price exercise, and will expire three years from the date of issuance. There is no established trading market for the Units or the warrants, and the Company does not intend to list the Units or the warrants on any securities exchange or other trading market. The ordinary shares are listed on The Nasdaq Capital Market under the symbol "GTEC."","length":669,"tagName":"p","attribs":{}},{"type":"text","content":"The gross proceeds from the offering were approximately $6.1 million, before deducting underwriting disco...

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