Financing ·
On June 25, 2026, XCHG Limited entered into a securities purchase agreement for a registered direct offering of…
XCHXCHG Ltd
On June 25, 2026, XCHG Limited entered into a securities purchase agreement for a registered direct offering of 7,000,000 American Depositary Shares (ADSs) at a price of $0.625 per ADS. The offering closed on June 29, 2026, generating approximately $4.375 million in gross proceeds for working capital and general corporate purposes. A.G.P./Alliance Global Partners served as the sole placement agent and received a cash fee of 6.75% of gross proceeds. The placement agent also has an option to place additional ADSs up to 1% of the offering size within 30 days of the initial closing. The company operates in the electric vehicle charging infrastructure industry, providing charging solutions.