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Stock impact report

China Recycling Energy Corporation Announces Completion of Warrant Exchange Offer

Smart Powerr Corp. (CREG) 
US:NASDAQ Investor Relations: creg-cn.com/en
Company Research Source: GlobeNewswire
XI'AN, China, Nov. 25, 2019 (GLOBE NEWSWIRE) --  China Recycling Energy Corporation (Nasdaq: CREG) ("CREG" or "the Company"), an industrial waste-to-energy solution provider in China, today announced that it had exchanged all remaining outstanding warrants that were issued to investors as part of two financings in 2018 and 2019 (the “2018 and 2019 Warrants”), respectively for shares of CREG’s common stock. Mr. Guohua Ku, Chairman and Chief Executive Officer of CREG, said, “This exchange offer helped to eliminate all outstanding warrants issued to investors, thereby simplifying the Company’s capital structure for our shareholders and removing a significant stock overhang.  As a result, we believe investors are now better able to value the business as we focus on new strategic growth initiatives.”  Pursuant to the agreements with the investors in connection with the two financings, the 2018 and 2019 Warrants were exercisable anytime until April and October 2024 respectively. This a Show less Read more
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