secwatch.observer — SEC 8-K summary
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Issuer:     Smart Powerr Corp. (CREG)
CIK:        0000721693
Form:       8-K
Filed at:   2024-12-31T23:59:59+00:00
Accession:  0001213900-24-114016
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/721693/000121390024114016/0001213900-24-114016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/721693/000121390024114016/ea0226397-8k_smart.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-114016

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