Smart Powerr Corporation Raises $22.2 Million in Private Placement

Smart Powerr Corporation completed a private placement, raising $22.2 million by selling 17 million units, each comprising one share of common stock and a warrant. The per unit price was $1.305. The transaction, finalized on November 10, 2025, was not registered under the Securities Act and targeted accredited investors or non-U.S. persons. No public solicitation was involved. The original content was published via EDGAR by Smart Powerr Corporation.

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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 Corp Expands Authorized Shares Significantly

Smart Powerr Corp (CREG) announced the approval of three key proposals during its Annual Meeting of Stockholders on September 22, 2025, including the election of five directors, the appointment of Enrome LLP as the independent auditor for 2025, and a significant increase in authorized shares from 10 million to 1 billion. This change may impact the company's capital structure. However, Spark's analysis indicates CREG is underperforming due to zero revenue, ongoing losses, and negative cash flow, despite low debt and some positive technical signals. Current market cap stands at $6.05M.

Smart Powerr Corporation Held Annual Meeting of Stockholders

Smart Powerr Corporation held its annual meeting of stockholders on September 22, 2025. Shareholders elected five new board members and approved Enrome LLP as the independent accounting firm for the fiscal year ending December 31, 2025. Additionally, an amendment to increase the total number of authorized shares of common stock from 10 million to 1 billion was approved.