Smart Powerr Corp. raises $2M in registered direct offering of 4.5M shares at $0.45/share

Smart Powerr Corp.

Gross proceeds ~$2M from sale of 4.5M shares at $0.45 per share; offering closed May 20, 2026.
Net proceeds to be used for working capital and general corporate purposes.
Investors have option to purchase additional 4.5M shares within 30 days of initial closing.
Univest Securities acted as sole placement agent; cash fee 8% of gross proceeds.
30-day restriction on equity issuances; 60-day restriction on variable rate transactions.

item 1.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Smart Powerr Corp. entered into Purchase Agreement with certain institutional investors (effective 2026-05-19).

Action: entry
Agreement: equity purchase
Counterparty: certain institutional investors
Effective: 2026-05-19

Exact text from the filing

On May 19, 2026, Smart Powerr Corp., a Nevada corporation (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with certain institutional investors named thereto (the “Purchasers”), pursuant to which the Company agreed to issue and sell, in a registered direct offering (the “Offering”) of an aggregate of 4,500,000 shares of common stock (the “Common Stock”) of the Company, par value $0.001 per share (the “Shares”), at a purchase price of $0.45 per share.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Smart Powerr Corp. entered into Placement Agency Agreement with Univest Securities, LLC (effective 2026-05-19).

Action: entry
Agreement: underwriting
Counterparty: Univest Securities, LLC
Effective: 2026-05-19

Exact text from the filing

On May 19, 2026, the Company entered into a placement agency agreement (the “Placement Agency Agreement”) with Univest Securities, LLC (“ Univest ” or the “Placement Agent”), pursuant to which the Company engaged Univest as the exclusive placement agent in connection with the Offering.

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Smart Powerr Corp. filing history →

Source: SEC EDGAR

accession 0001213900-26-060319

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