Smart Powerr Corp. raises approx $1.94M in registered direct offering of common stock and pre-funded warrants

Smart Powerr Corp.

Offering of 900K shares at $0.62/share and pre-funded warrants for 2.34M shares at $0.001 exercise price.
Net proceeds of approx $1.94M to be used for working capital and corporate purposes.
Offering made under effective shelf registration statement S-3 (No. 333-281639) declared effective Aug 29, 2024.
Pre-funded warrants exercisable immediately, expire when exercised in full; holders subject to 4.99% beneficial ownership limit.
Company agreed not to issue securities for 7 days and granted purchasers participation rights for 30 days.

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