Financing ·
NaaS Technology Inc. completed a private placement on August 31, 2026, raising $25 million in gross proceeds by…
NAASNaaS Technology Inc.
NaaS Technology Inc. completed a private placement on August 31, 2026, raising $25 million in gross proceeds by issuing 7,507,507 American depositary shares (ADSs) and warrants exercisable for up to 7,150,007 additional ADSs. The transaction involved the sale of 24,024,022,400 Class A ordinary shares at approximately $3.33 per ADS, with warrants carrying an exercise price of $3.4965 per ADS valid until August 31, 2031. Newlink Envision Limited, an affiliate of controlling shareholder Newlinks Technology Limited, participated in the offering as a related-party transaction approved by the Audit Committee. Post-closing, total issued and outstanding shares increased to approximately 78.6 billion, with Newlink retaining a 57.71% voting interest. NaaS Technology Inc. operates in the electric vehicle charging infrastructure industry.