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GlobeNewsWire
5 days ago
Correction-PN Smart Energy Limited Announces Pricing of $5.2 Million Registered Direct Offering
NINGBO, China, Aug. 10, 2026 (GLOBE NEWSWIRE) -- PN Smart Energy Limited (NASDAQ: PN) (the “Company”), a global independent power producer (IPP) focused on the development of clean power stations, critical energy materials, and intelligent energy infrastructure, today announced that on August 10, 2026, we amended and restated the securities purchase agreement for our previously announced offering with an institutional investor for the sale of up to 1,735,000 Class A ordinary shares (par value $0.002 per share) (the “Ordinary Shares”) and pre-funded warrants in a registered direct offering of its securities, which was revised to a purchase price of $3.00 per Ordinary Share (or $2.998 per pre-funded warrant, representing the $3.00 per share purchase price less a $0.002 per share exercise price) (together, the “Securities”). The gross proceeds from the offering are expected to be $5.205 million, before deducting placement agent fees and other offering expenses. The Company intends to use the net proceeds from the offering for general working capital purposes. The closing of the offering is expected to occur on or about August 10, 2026, subject to the satisfaction of customary closing conditions.