Financing ·
Valor Energy raises $2.8M in private placement and regains Nasdaq equity compliance
AIHSSenmiao Technology Ltd
Valor Energy Inc closed a registered direct offering, issuing 1,350,000 shares of common stock and pre-funded warrants for aggregate gross proceeds of $2.8 million. The company also issued 4,510,000 private placement warrants to investors following stockholder approval. Additionally, Valor Energy reported regaining compliance with Nasdaq’s minimum stockholders’ equity requirement after increasing authorized shares from 50 million to 500 million and reclassifying $41.90 million in warrant liabilities to equity. The company operates in the energy sector.