Smart Powerr to Raise $2M via Direct Offering at $0.45 per Share
CREG•Smart Powerr Corp. has agreed to sell approximately $2 million of common stock at $0.45 per share in a registered direct offering expected to close on or about May 20, 2026. The proceeds will be raised under its S-3 shelf registration filed August 27, 2024.
1. Registered Direct Offering
Smart Powerr Corp. entered into a definitive agreement with investors to sell approximately $2 million of common stock at a purchase price of $0.45 per share, representing roughly 4.44 million shares. Univest Securities, LLC is serving as sole placement agent and the transaction is slated to close on or about May 20, 2026, subject to customary conditions.
2. Shelf Registration and Closing Conditions
The offering is being conducted under the company’s S-3 shelf registration statement (File No. 333-281639), which became effective on August 27, 2024. A final prospectus supplement describing the terms will be filed with the SEC, and the closing remains contingent on standard regulatory approvals and documentation requirements.
3. Company Transformation and Use of Funds
Smart Powerr Corp. is transitioning from waste energy recycling to an integrated energy storage solutions provider, targeting industrial complexes, large-scale PV and wind stations, and smart energy cities. The new capital is expected to support this strategic expansion into energy storage technologies and targeted market development initiatives.
