Smart Powerr Corp. raises $20.06M through private placement of 17M units at $1.18/unit

Smart Powerr Corp.

Gross proceeds of $20,060,000 from sale of 17,000,000 units, each consisting of one share and one warrant.
Warrants have five-year term, exercise price of $1.416 (120% of unit price); beneficial ownership cap of 4.99% (or up to 9.99% at holder's election).
Proceeds for working capital and general corporate purposes; directors and officers subject to 90-day lock-up.
Registration rights agreement requires filing resale registration statement within 30 days post-closing.
Closing subject to customary conditions; as of report date, conditions not yet satisfied.

item 1.01 item 3.02 item 2.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Smart Powerr Corp. issued warrant to certain accredited investors for $1.18 per Unit.

Security: warrant
Purchaser: certain accredited investors
Consideration: $1.18 per Unit

Exact text from the filing

each consisting of one share of Common Stock, and one warrant, each exercisable to purchase one share of Common Stock (each, a “Warrant”), at a purchase price of $1.18 per Unit

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Smart Powerr Corp. issued 17,000,000 shares of common stock of common stock to certain accredited investors for $1.18 per Unit.

Security: common stock
Shares: 17,000,000 shares of common stock
Purchaser: certain accredited investors
Consideration: $1.18 per Unit

Exact text from the filing

the Company agreed to issue and sell, in a private placement (the “Private Placement”), an aggregate of 17,000,000 shares of common stock, par value $0.001 per share (the “Common Stock”) included in 17,000,000 units (the “Units”), each consisting of one share of Common Stock, and one warrant, each exercisable to purchase one share of Common Stock (each, a “Warrant”), at a purchase price of $1.18 per Unit

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Smart Powerr Corp. filing history →

Source: SEC EDGAR

accession 0001213900-25-102818

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