Financing ·
CL Workshop Group enters ATM agreement to offer up to $200M of ADSs through Chaince Securities
NWGLCL Workshop Group Ltd
On September 30, 2026, CL Workshop Group Limited entered into an at-the-market sales agreement with Chaince Securities, LLC to offer and sell American Depositary Shares (ADSs) representing up to $200,000,000 in aggregate gross proceeds. Each ADS represents eight Class A Ordinary Shares. The company is not obligated to sell any specific amount under this facility. The sales agent receives a 3.0% commission and a 1.0% non-accountable expense allowance on gross proceeds. Net proceeds are intended for working capital, general corporate purposes, and new product development. CL Workshop Group Limited operates in the automotive workshop equipment industry.