IPO - Smart Powerr Corp.

Form Type: 8-K

Filing Date: 2024-12-31

Corporate Action: Ipo

Type: New

Accession Number: 000121390024114016

Filing Summary: On December 25, 2024, Smart Powerr Corp. entered into a securities purchase agreement to issue and sell a total of 900,000 shares of common stock at $0.62 each and pre-funded warrants to purchase up to 2,340,000 additional shares. This registered direct offering aims to raise approximately $1,940,800 for working capital and general corporate purposes. The Pre-Funded Warrants allow investors to buy stock without exceeding ownership limits. The agreement includes terms that limit the issuance of new securities for seven days and grant investors participation rights in future stock offerings. Exhibit 10.1 details the Securities Purchase Agreement, while Exhibit 4.1 contains the form of the Pre-Funded Warrants.

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