Smart Powerr raises $5.38M via private placement; CEO increases stake to 22.9%

Smart Powerr Corp.

Issued 8,029,851 shares at $0.67 each for aggregate proceeds of $5,380,000 in a private offering.
CEO Guohua Ku purchased 2,925,373 shares, raising beneficial ownership to approximately 22.9% of outstanding stock.
Net proceeds of about $5.3 million are earmarked for working capital and general corporate purposes.
Shares sold under Section 4(a)(2) and Regulation S exemption; company to file resale registration within 180 days.

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