Greenland Technologies Holding Corporation announced the pricing of an underwritten public offering of 5,083,330 units at a public offering price of $1.20 per unit. The offering is expected to generate gross proceeds of approximately $6.1 million before deducting underwriting discounts and other offering expenses. This capital raise represents a significant infusion of liquidity for the electric industrial vehicle developer, bolstering its balance sheet as it scales manufacturing operations in China and expands sales channels in North America and Europe.

Each unit consists of one ordinary share and four-fifths of one warrant, with each whole warrant exercisable for one ordinary share at an exercise price equal to the public offering price. The warrants are immediately exercisable upon issuance, may be exercised by means of a zero price exercise, and will expire three years from the date of issuance. There is no established trading market for the warrants, and the company does not intend to list them separately, making warrant exercise and conversion timing a key consideration for investors monitoring potential dilution.

Management intends to deploy net proceeds for working capital and general corporate purposes, including ramping up production capacity of electric forklifts and drivetrains, advancing R&D on next-generation battery management systems, and funding targeted sales initiatives. The additional capital is expected to support the company’s objective of doubling quarterly revenue run rate over the next 12 months and reducing operating losses as fixed costs are spread over higher shipment volumes to existing OEM partners.

The offering is being conducted on a firm commitment basis with Joseph Stone Capital, LLC as the sole underwriter. The public offering is being made pursuant to an effective registration statement on Form S-1 (File No. 333-292412) declared effective by the U.S. Securities and Exchange Commission on January 26, 2026. Subject to customary closing conditions, the company expects to close the offering on or about January 29, 2026, providing timely access to fresh capital ahead of its first quarter production ramp.