LOBO TECHNOLOGIES LTD. - $2 Million Best Efforts Offering

LOBO TECHNOLOGIES LTD. announced the pricing of a $2 million best efforts public offering on March 23, 2026. The offering consisted of 3,921,567 units, each including one Class A ordinary share, one Series A warrant, and one Series B warrant. Alternatively, pre-funded units were available. The public offering price was $0.51 per unit. The offering closed on March 30, 2026, with net proceeds of $1.85 million after fees and expenses. The company plans to use these proceeds for development programs, working capital, and general corporate purposes. The offering was made under a registration statement declared effective on March 23, 2026, with ARC Group Securities LLC acting as the placement agent.