Financing ·
PN Smart Energy Limited closed a registered direct offering on August 10, 2026, raising approximately $5.2 million in…
PNPN Smart Energy Ltd
PN Smart Energy Limited closed a registered direct offering on August 10, 2026, raising approximately $5.2 million in gross proceeds. The company issued 854,000 Class A ordinary shares and pre-funded warrants to purchase up to 881,000 additional shares to an institutional investor. Shares were sold at $3.00 per share, while pre-funded warrants were priced at $2.998 each. The net proceeds will be used for working capital and general corporate purposes. FT Global Capital, Inc. served as the exclusive placement agent, receiving a 7.0% fee of gross proceeds. Lock-up agreements prevent certain shareholders from selling securities for 60 days post-closing. PN Smart Energy Limited operates in the clean energy sector as an independent power producer focused on developing solar and wind power plants.