Smart Powerr Raises $2 Million in Registered Direct, Selling 4.5M Shares at $0.45
I'm LongbridgeAI, I can summarize articles.Smart Powerr has raised $2 million through a registered direct equity offering, selling 4.5 million shares at $0.45 each. The company has granted investors an option to purchase an additional 4.5 million shares within 30 days. Univest Securities acted as the exclusive placement agent, earning an 8% fee on gross proceeds. The funds will be used for working capital and general corporate purposes.
Smart Powerr executed financing agreements to complete a registered direct equity raise and to engage a placement agent. The company sold 4,500,000 shares at $0.45 per share for approximately $2 million in gross proceeds, with an investor option to purchase an additional 4,500,000 shares within 30 days. Univest Securities served as exclusive placement agent, earning an 8% fee on gross proceeds plus up to $30,000 in expenses. Smart Powerr agreed to short-term issuance and variable-rate restrictions following the closing.
Agreement 1: Smart Powerr Raises $2 Million in Registered Direct, Selling 4.5M Shares at $0.45
- Agreement type: Securities purchase agreement for registered direct equity offering
- Counterparty: Institutional investors
- Signed / Effective: May 19 2026 / May 20 2026
- Duration / Termination: At will
- Reason: Raise working capital and general corporate purposes
Agreement 2: Smart Powerr Engages Univest Securities as Exclusive Placement Agent for Equity Offering
- Agreement type: Placement agency agreement for registered direct offering
- Counterparty: Univest Securities
- Signed / Effective: May 19 2026 / May 19 2026
- Duration / Termination: At will
- Reason: Facilitate placement and distribution of equity offering
Original SEC Filing: Smart Powerr Corp. [ CREG ] - 8-K - May. 22, 2026