{"id":424516,"date":"2021-01-29T08:03:31","date_gmt":"2021-01-29T13:03:31","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=424516"},"modified":"2021-01-29T08:03:31","modified_gmt":"2021-01-29T13:03:31","slug":"ezgo-technologies-ltd-announces-closing-of-us11-2-million-firm-commitment-initial-public-offering","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ezgo-technologies-ltd-announces-closing-of-us11-2-million-firm-commitment-initial-public-offering\/","title":{"rendered":"EZGO Technologies Ltd. Announces Closing of US$11.2 Million Firm Commitment Initial Public Offering"},"content":{"rendered":"<div class=\"mw_release\">\n<p>Jiangsu, China, Jan.  29, 2021  (GLOBE NEWSWIRE) &#8212; via <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=4FNQzjefQX3Zg_mmhhxXWatqrOQaniVEVeEvQbTf81dnk8hcQY6HLbzQc3BZsFVKEbWfF-Uz-UW_Scy-KcG55MFq31fuAD36x9HdQWD58h0=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>NewMediaWire<\/u><\/a> &#8212; EZGO Technologies Ltd. (\u201cEZGO\u201d or \u201cthe Company\u201d) (Nasdaq: EZGO), a leading short-distance transportation solutions provider in China, today announced the closing of its firm commitment initial public offering of 2,800,000 ordinary shares at a public offering price of\u00a0$4.00\u00a0per share, for total gross proceeds of US$11.2 million, before deducting underwriting discounts, commissions and other related expenses. In addition, EZGO has granted the underwriters a 45-day option to purchase up to an additional 420,000 ordinary shares at the public offering price, less underwriting discount and commissions. The shares began trading on the Nasdaq Capital Market on January 26, 2021 under the ticker symbol \u201cEZGO\u201d.<\/p>\n<p>ViewTrade Securities, Inc., a global provider of brokerage, investment banking, corporate\/advisory and trading platform services, acted as sole book-running manager for the offering.<\/p>\n<p align=\"start\">A registration statement relating to the securities being sold in this offering was declared effective by the Securities and Exchange Commission (SEC) on\u00a0December 31, 2020. The offering of these securities was made only by means of a prospectus, forming a part of the registration statement. A copy of the final prospectus related to the offering may be obtained, when available, from ViewTrade Securities, via email:\u00a0IB@Viewtrade.com\u00a0or standard mail at ViewTrade Securities, 7280 W Palmetto Park Rd, #310,\u00a0Boca Raton, FL\u00a033433, Attn: Prospectus Department. In addition, a copy of the final prospectus relating to the offering may be obtained via the SEC\u2019s website at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=6SB4n0lpL8XnSh57PIXMQj4-qYIgKcRc-NMmr-ZalA0ttKpJX7nn_DxhFT2-Po0JKBmcgZ4AR35S-WmafexDeA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.sec.gov<\/a>.<\/p>\n<p align=\"start\">This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the Company\u2019s securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of any of the Company\u2019s securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.<\/p>\n<p align=\"start\">\n        <strong>About EZGO Technologies Ltd.<\/strong>\n      <\/p>\n<p align=\"start\">Leveraging an Internet of Things (IoT) product and service platform and two e bike brands, \u201cCenbird\u201d and \u201cDilang,\u201d EZGO has established a business model centered on the sale of electronic bicycles and battery and e-bicycle rentals, complemented by sale of battery packs, battery cell trading and a charging pile business. Currently, the Company (i) trades lithium cells; (ii) rents and sells lithium batteries; (iii) designs, manufactures, rents and sell e-bicycles and e-tricycles; and (iv) sells, franchises and operates smart charging piles for e-bicycles and other electronic devices.<\/p>\n<p align=\"start\">\n        <strong><br \/>\n          <em>Safe Harbor Statement<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"start\">This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as \u201cmay, \u201cwill, \u201cintend,\u201d \u201cshould,\u201d \u201cbelieve,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cproject,\u201d \u201cestimate\u201d or similar expressions that do not relate solely to historical matters, it is making forward-looking statements.\u00a0Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company\u2019s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following:\u00a0 the Company\u2019s goals and strategies; the Company\u2019s future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the short-distance transportation solutions market in China and the other international markets the Company plans to serve; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC.\u00a0 For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company\u2019s filings with the SEC, which are available for review at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=6SB4n0lpL8XnSh57PIXMQsvvRWYzFpcwI_tP2hsqFw1-iSO1JmSZsYPWSl3MbefXBCuRFyWYjcXl95paMRRf2Q==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.sec.gov<\/a>. The Company undertakes no obligation to publicly revise these forward\u2010looking statements to reflect events or circumstances that arise after the date hereof.<\/p>\n<p align=\"start\">\n        <strong>For more information, please contact:<\/strong>\n      <\/p>\n<p align=\"start\">\n        <em>At the Company:<\/em>\n      <\/p>\n<p align=\"start\">Menz Wen<br \/> Email: ir@ez-go.com.cn.<br \/> Phone: (+86) 13502829216<\/p>\n<p align=\"start\">\n        <em>Investor Relations:\u00a0<\/em>\n      <\/p>\n<p align=\"start\">Rick Eisenberg<\/p>\n<p align=\"start\">Eisenberg Communications<em>\u00a0<\/em><\/p>\n<p align=\"start\">Email:\u00a0eiscom@msn.com<\/p>\n<p align=\"start\">Phone: (+1) 917-691-8934<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE0Mzg2MCMzOTUxMjEwIzUwMDA3NzI2MQ==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/b8ed996c-28c1-4965-b4ec-30a23f69c534\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Jiangsu, China, Jan. 29, 2021 (GLOBE NEWSWIRE) &#8212; via NewMediaWire &#8212; EZGO Technologies Ltd. (\u201cEZGO\u201d or \u201cthe Company\u201d) (Nasdaq: EZGO), a leading short-distance transportation solutions provider in China, today announced the closing of its firm commitment initial public offering of 2,800,000 ordinary shares at a public offering price of\u00a0$4.00\u00a0per share, for total gross proceeds of US$11.2 million, before deducting underwriting discounts, commissions and other related expenses. In addition, EZGO has granted the underwriters a 45-day option to purchase up to an additional 420,000 ordinary shares at the public offering price, less underwriting discount and commissions. The shares began trading on the Nasdaq Capital Market on January 26, 2021 under the ticker symbol \u201cEZGO\u201d. ViewTrade Securities, Inc., a global provider of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ezgo-technologies-ltd-announces-closing-of-us11-2-million-firm-commitment-initial-public-offering\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;EZGO Technologies Ltd. Announces Closing of US$11.2 Million Firm Commitment Initial Public Offering&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-424516","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EZGO Technologies Ltd. Announces Closing of US$11.2 Million Firm Commitment Initial Public Offering - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ezgo-technologies-ltd-announces-closing-of-us11-2-million-firm-commitment-initial-public-offering\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EZGO Technologies Ltd. Announces Closing of US$11.2 Million Firm Commitment Initial Public Offering - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Jiangsu, China, Jan. 29, 2021 (GLOBE NEWSWIRE) &#8212; via NewMediaWire &#8212; EZGO Technologies Ltd. (\u201cEZGO\u201d or \u201cthe Company\u201d) (Nasdaq: EZGO), a leading short-distance transportation solutions provider in China, today announced the closing of its firm commitment initial public offering of 2,800,000 ordinary shares at a public offering price of\u00a0$4.00\u00a0per share, for total gross proceeds of US$11.2 million, before deducting underwriting discounts, commissions and other related expenses. In addition, EZGO has granted the underwriters a 45-day option to purchase up to an additional 420,000 ordinary shares at the public offering price, less underwriting discount and commissions. The shares began trading on the Nasdaq Capital Market on January 26, 2021 under the ticker symbol \u201cEZGO\u201d. ViewTrade Securities, Inc., a global provider of &hellip; Continue reading &quot;EZGO Technologies Ltd. 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(\u201cEZGO\u201d or \u201cthe Company\u201d) (Nasdaq: EZGO), a leading short-distance transportation solutions provider in China, today announced the closing of its firm commitment initial public offering of 2,800,000 ordinary shares at a public offering price of\u00a0$4.00\u00a0per share, for total gross proceeds of US$11.2 million, before deducting underwriting discounts, commissions and other related expenses. In addition, EZGO has granted the underwriters a 45-day option to purchase up to an additional 420,000 ordinary shares at the public offering price, less underwriting discount and commissions. The shares began trading on the Nasdaq Capital Market on January 26, 2021 under the ticker symbol \u201cEZGO\u201d. ViewTrade Securities, Inc., a global provider of &hellip; Continue reading \"EZGO Technologies Ltd. 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