secwatch.observer — SEC 8-K summary
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Issuer:     Smart Powerr Corp. (CREG)
CIK:        0000721693
Form:       8-K
Filed at:   2025-10-28T23:59:59+00:00
Accession:  0001213900-25-102818
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/721693/000121390025102818/0001213900-25-102818-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/721693/000121390025102818/ea0262612-8k_smart.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-102818

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