Microvast enters $125M ATM equity sales agreement with Cantor and Needham

Microvast Holdings, Inc.

Company may sell up to $125M of common stock on an at-the-market basis through Cantor Fitzgerald and Needham.
Agents receive 3.0% commission on gross proceeds from sales.
Net proceeds will be used for general corporate purposes, including debt repayment, acquisitions, capex, and working capital.
Sales are made under the existing effective S-3 shelf registration statement filed January 2025.

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