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Univest Securities, LLC Announces Closing of $2 Million Registered Direct Offering for its Client Smart Powerr Corp. (NASDAQ: CREG)
Univest Securities, LLC Announces Closing of $2 Million Registered Direct Offering for its Client Smart Powerr Corp. (NASDAQ:
About this update from Smart Powerr Corp.
[{"type":"text","content":"New York, May 20, 2026 (GLOBE NEWSWIRE) -- Univest Securities, LLC (“Univest”), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of a registered direct offering (the “Offering”) of approximately $2 million for its client Smart Powerr Corp. (NASDAQ: CREG)(the “Company”), a Xi’an-headquartered energy technology company engaged in the provision of waste energy recycling and energy efficiency solutions for energy-intensive industries in China, with a focus on Build-Operate-Transfer (BOT) projects and the expansion into integrated energy storage solutions. Under the terms of the securities purchase agreement, the Company has agreed to sell to certain investors 4,500,000 shares of the Company’s Common Stock, par value $0.001 per share (the “Shares”) at a purchase price of $0.45 per share in the Offering. The aggregate gross proceeds to the Company were approximately $2 million, before deducting placement agent fees and other offering expenses payable by the Company.Univest Securities, LLC acted as the sole placement agent. The registered direct offering was made pursuant to a shelf registration statement on Form S-3, as amended, (File No. 333-281639) previously filed by the Company and declared effective by the U.S. Securities and Exchange Commission (“SEC”) on August 27, 2024. A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering were filed with the SEC and are available on the SEC's website located at www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained 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, can be obtained at the SEC's website at www.sec.gov.About Univest Securities, LLC Registered with FINRA since 1994, Univest Securities, LLC provides a wide varie...