Financing ·
Huachen AI Parking Management Technology Holding Co., Ltd. closed a registered direct public offering on September 16…
HCAIHuachen AI Parking Management Technology Holding Co., Ltd
Huachen AI Parking Management Technology Holding Co., Ltd. closed a registered direct public offering on September 16, 2026, issuing 2,750,000 Class A ordinary shares accompanied by warrants to purchase an equal number of shares. The securities were sold at $1.00 per unit, generating gross proceeds of approximately US$2.75 million before deducting placement agent fees and offering expenses. Maxim Group LLC served as the exclusive placement agent, receiving a 7% cash fee on gross proceeds plus expense reimbursements up to $50,000. The accompanying warrants are immediately exercisable at an initial price of $1.00 per share and expire three years from issuance. Proceeds will be used for working capital and directors' and officers' insurance coverage. The company operates in the equipment structural components and electric vehicle charging solutions industry.