Business
Hitek Global Inc. Announces Pricing of $3 Million Registered Direct Offering
XIAMEN, China, March 27, 2026 /PRNewswire/ -- Hitek Global Inc. (NASDAQ: HKIT) ("Hitek Global" or the "Company"),a China-based information technology
About this update from Hitek Global Inc.
[{"type":"text","content":"XIAMEN, China, March 27, 2026 /PRNewswire/ -- Hitek Global Inc. (NASDAQ: HKIT) (\"Hitek Global\" or the \"Company\"),a China-based information technology consulting and solutions service provider, today announced that it has entered into securities purchase agreements with certain institutional investors for the purchase and sale of 100,000,000 Shares of Class A Ordinary Shares (the \"Shares\") (or pre-funded warrants in lieu thereof), at an offering price of $0.03 per share in a registered direct offering (the \"Offering\").\nThe gross proceeds to the Company from the registered direct offering are estimated to be approximately $3 million before deducting the placement agent's fees and other estimated offering expenses. The offering is expected to close on or about March 30, 2026, subject to the satisfaction of customary closing conditions.Univest Securities, LLC is acting as the sole placement agent.The registered direct offering is being made pursuant to a shelf registration statement on Form F-3 (File No. 333-279459) previously filed by the Company with the U.S. Securities and Exchange Commission (\"SEC\") and became effective by on May 29, 2024. 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 Univest Securities, LLC at [email protected], or by calling +1 (212) 343-8888.This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Copies of the prospectus supplement relating to the registered direct offering, together with the accompanying base prospectus will be filed by the Company and, upon filing, can be obtained at the SEC's website at www.sec.gov.About Hitek Global Inc.Hitek Global Inc., headquartered in Xiamen, China, is an IT consulting and solutions service provider focusing on delivering services to business in various industry sectors in China. As of the date of this annual report, we have...