Financing ·
Recon Technology, Ltd. entered into an At-the-Market Issuance Sales Agreement with Pacific Century Securities, LLC on…
RCONRecon Technology, Ltd
Recon Technology, Ltd. entered into an At-the-Market Issuance Sales Agreement with Pacific Century Securities, LLC on July 28, 2026, establishing a program to sell up to $100 million of its Class A ordinary shares. The company may issue and sell these shares from time to time through the sales agent at prevailing market prices, subject to terms including a commission of up to 3.5% of gross proceeds. Proceeds are intended for general corporate purposes such as working capital, operating expenses, capital expenditures, and potential acquisitions. This equity issuance capability is facilitated under the company's existing effective shelf registration statement on Form F-3 filed with the SEC in January 2026. Recon Technology operates in the oilfield service industry, providing automated technologies and equipment for petroleum extraction to major Chinese exploration companies.