Smart Powerr Corporation Sells 17 Million Shares in $20 Million Private Placement
Smart Powerr Corporation has agreed to sell 17 million shares of common stock in a private placement, raising approximately $20 million. Each share is priced at $1.18 and includes a warrant for an additional share. The transaction is pending customary closing conditions.
Smart Powerr Corporation has entered into securities purchase agreements with certain accredited investors to sell 17,000,000 shares of common stock in a private placement. Each share is part of a unit priced at $1.18, with each unit also including a warrant to purchase an additional share. The total gross proceeds from the transaction are expected to be $20,060,000. The closing of the private placement is subject to customary conditions and has not yet occurred. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Smart Powerr Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-102818), on October 28, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
