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China Recycling Energy Corporation Announces Registered Direct Offering

Smart Powerr Corp. (CREG) 
US:NASDAQ Investor Relations: creg-cn.com/en
Company Research Source: GlobeNewswire
XI'AN, China, April 15, 2019 (GLOBE NEWSWIRE) -- China Recycling Energy Corporation. (Nasdaq: CREG) (“CREG” or “the Company”), a leading industrial waste-to-energy solution provider in China, is pleased to announce today that it has entered into definitive purchase agreements with certain institutional accredited investors to purchase in a registered direct offering 2,359,272 shares of its common stock, at a purchase price of $0.80 per share, for gross proceeds of approximately $1.88 million. Additionally, CREG has also agreed to issue to the investors unregistered warrants to purchase up to 1,769,454 shares of common stock. The offering is expected to close on or about April 16, 2019, subject to the satisfaction of customary closing conditions. H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering. The warrants will have an exercise price of $0.9365 per share, will be exercisable commencing six months following the issuance date and will expir Show less Read more
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