secwatch.observer — SEC 8-K summary
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Issuer:     Smart Powerr Corp. (CREG)
CIK:        0000721693
Form:       8-K
Filed at:   2026-05-22T12:30:16+00:00
Accession:  0001213900-26-060319
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/721693/000121390026060319/0001213900-26-060319-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/721693/000121390026060319/ea0291936-8k_smart.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-060319

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