E-Power Inc. Announces $1.98M Registered Direct Offering and Nasdaq Minimum Bid Price Deficiency

E-Power Inc. filed a Form 6-K reporting two significant developments. First, on May 21, 2026, the company entered into securities purchase agreements for a registered direct offering of 3.6 million Class A ordinary shares at $0.55 per share, expected to generate approximately $1.98 million in gross proceeds for working capital and general corporate purposes. The offering has not yet been consummated as of the filing date. Second, on May 20, 2026, E-Power received a Nasdaq notification regarding non-compliance with the minimum bid price requirement, as the company's shares closed below $1.00 for 30 consecutive business days. The company has until November 16, 2026, to regain compliance, potentially through measures like a reverse share split. The filing includes the full securities purchase agreement and a press release about the Nasdaq deficiency.