Smart Powerr Corp. Announces $2 Million Registered Direct Offering

Smart Powerr Corp. has entered into a securities purchase agreement with institutional investors for a registered direct offering of 4,500,000 shares of common stock at $0.45 per share. The offering, which closed on May 20, 2026, raised approximately $2 million in gross proceeds. The company plans to use these proceeds for working capital and general corporate purposes. Additional closings may occur if investors exercise their option to purchase another 4,500,000 shares. The agreement includes standard representations, warranties, conditions, and termination clauses. Smart Powerr Corp. has also agreed to restrictions on issuing new stock or filing related registration statements for a period following the closing. Concurrently, the company entered into a placement agency agreement with Univest Securities, LLC, appointing them as the exclusive placement agent for the offering. Univest will receive an 8% cash fee and reimbursement for expenses up to $30,000. The company also issued a press release on May 19, 2026, announcing this offering.