{"id":499965,"date":"2021-06-02T08:21:37","date_gmt":"2021-06-02T12:21:37","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ezgo-technologies-ltd-announces-closing-of-upsized-12-million-registered-direct-offering\/"},"modified":"2021-06-02T08:21:37","modified_gmt":"2021-06-02T12:21:37","slug":"ezgo-technologies-ltd-announces-closing-of-upsized-12-million-registered-direct-offering","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ezgo-technologies-ltd-announces-closing-of-upsized-12-million-registered-direct-offering\/","title":{"rendered":"EZGO Technologies Ltd. Announces Closing of Upsized $12 Million Registered Direct Offering"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n CHANGZHOU, China<\/span>, June 2, 2021<\/span> \/PRNewswire\/ —\u00a0EZGO Technologies Ltd. (Nasdaq: EZGO) (“EZGO” or\u00a0the “Company”), a leading short-distance transportation solutions provider in\u00a0China, today announced that it has closed a registered direct offering of an aggregate of 2,564,102 units of its securities (each, a “Unit”), with each Unit consisting of (i) one ordinary share of the Company, par value\u00a0$0.001\u00a0per share, and (ii) one warrant to purchase 0.7 ordinary share for aggregate gross proceeds of\u00a0approximately $12 million<\/span>.\u00a0 The warrants are exercisable immediately, have an exercise price of $4.68<\/span> per share and expire two years from the date of issuance.<\/p>\n

After deducting the placement agent’s commissions and other offering expenses payable by EZGO, the net proceeds to the Company are approximately $10.9 million<\/span>. EZGO has approximately 13,402,602 ordinary shares outstanding after the offering. The Company intends to use the net proceeds of the offering for working capital and general corporate purposes.<\/p>\n

FT Global Capital, Inc. is acting as the exclusive placement agent in connection with the offering. Ellenoff Grossman & Schole LLP acted as counsel to the Company and Sheppard Mullin LLP acted as counsel to the Placement Agent in connection with the offering.<\/p>\n

The offering was made pursuant to a registration statement on Form F-1 (SEC File No. 333-256311), previously filed with the\u00a0Securities and Exchange Commission\u00a0(“SEC”) on\u00a0May 20, 2021, subsequently amended and declared effective on\u00a0May 26, 2021, \u00a0 and an additional registration statement on Form F-1 (File No. 333-256525) filed on May 27, 2021<\/span> pursuant to Rule 462(b) of the Securities Act of 1933, as amended, which became effective automatically upon filing. A prospectus describing the terms of the offering have been filed with the SEC and is available on the SEC’s website located at\u00a0www.sec.gov.<\/p>\n

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor may there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.<\/p>\n

\n About\u00a0EZGO Technologies Ltd.<\/b><\/b>\n <\/p>\n

Leveraging an Internet of Things (IoT) product and service platform and two E-bicycle brands, “Cenbird” and “Dilang,” EZGO has established a business model centered on the manufacturing and sale of E-bicycles and E-bicycle rentals, complemented by the E-bicycle\u00a0charging pile business. For additional information, please visit EZGO’s website at www.ezgotech.com.cn<\/a>. <\/p>\n

Investors can visit the “Investor Relations” section of EZGO’s website at:
http:\/\/www.ezgotech.com.cn\/Investor\/<\/a>. <\/p>\n

\n Safe Harbor Statement<\/b>\n <\/p>\n

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 “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-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’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s 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<\/span> 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<\/span> 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. 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’s filings with the SEC, which are available for review at\u00a0www.sec.gov. The Company undertakes no obligation to publicly revise these forward\u2013looking statements to reflect events or circumstances that arise after the date hereof.<\/p>\n

\u00a0<\/p>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/ezgo-technologies-ltd-announces-closing-of-upsized-12-million-registered-direct-offering-301303757.html<\/a><\/p>\n

SOURCE EZGO Technologies Ltd.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire CHANGZHOU, China, June 2, 2021 \/PRNewswire\/ —\u00a0EZGO Technologies Ltd. (Nasdaq: EZGO) (“EZGO” or\u00a0the “Company”), a leading short-distance transportation solutions provider in\u00a0China, today announced that it has closed a registered direct offering of an aggregate of 2,564,102 units of its securities (each, a “Unit”), with each Unit consisting of (i) one ordinary share of the Company, par value\u00a0$0.001\u00a0per share, and (ii) one warrant to purchase 0.7 ordinary share for aggregate gross proceeds of\u00a0approximately $12 million.\u00a0 The warrants are exercisable immediately, have an exercise price of $4.68 per share and expire two years from the date of issuance. After deducting the placement agent’s commissions and other offering expenses payable by EZGO, the net proceeds to the Company are approximately $10.9 … <\/p>\n

Continue reading “EZGO Technologies Ltd. Announces Closing of Upsized $12 Million Registered Direct Offering”<\/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-499965","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nEZGO Technologies Ltd. Announces Closing of Upsized $12 Million Registered Direct 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-upsized-12-million-registered-direct-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 Upsized $12 Million Registered Direct Offering - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire CHANGZHOU, China, June 2, 2021 \/PRNewswire\/ —\u00a0EZGO Technologies Ltd. (Nasdaq: EZGO) (“EZGO” or\u00a0the “Company”), a leading short-distance transportation solutions provider in\u00a0China, today announced that it has closed a registered direct offering of an aggregate of 2,564,102 units of its securities (each, a “Unit”), with each Unit consisting of (i) one ordinary share of the Company, par value\u00a0$0.001\u00a0per share, and (ii) one warrant to purchase 0.7 ordinary share for aggregate gross proceeds of\u00a0approximately $12 million.\u00a0 The warrants are exercisable immediately, have an exercise price of $4.68 per share and expire two years from the date of issuance. After deducting the placement agent’s commissions and other offering expenses payable by EZGO, the net proceeds to the Company are approximately $10.9 … Continue reading "EZGO Technologies Ltd. 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