Kandi Technologies Announces the Closing of a Registered Direct Placement of $60 Million of Common Stock and Warrants
Kandi Technologies Group, Inc. - Ordinary Shares (KNDI)
US:NASDAQ Investor Relations:
en.kandivehicle.com/investornews.aspx?classid=3
Company Research
Source: GlobeNewswire
JINHUA, China, Nov. 12, 2020 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company” or “Kandi”) (NASDAQ GS: KNDI), today announced that it closed a registered direct offering of 9,404,392 units (the “Units”) of its securities at a purchase price per Unit of $6.38, generating aggregate gross proceeds to the Company of approximately $60,000,000, before deducting fees to the placement agent and other estimated offering expenses payable by the Company. Each Unit consisted of one share of our common stock, and 0.4 warrants to purchase a share of our common stock. The warrants have an exercise price of $8.18 per share and a term of 30 months, but are not exercisable for the first six months following issuance. The Company issued a total of 9,404,392 shares of common stock and warrants for the purchase of up to 3,761,757 shares of common stock ?to the investors in the placement. The net proceeds from this offering will be used for general working capital purposes
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KNDI
News
- Kandi Technologies Group, Inc. Completes Redomicile Merger [Yahoo! Finance]Yahoo! Finance
- Kandi Technologies Group, Inc. Completes Redomicile MergerGlobeNewswire
- Kandi Technologies Group, Inc. (NASDAQ: KNDI) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Kandi Technologies Group, Inc. (NASDAQ:KNDI) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Kandi Technologies Reports 2023 Financial Results [Yahoo! Finance]Yahoo! Finance
KNDI
Sec Filings
- 4/17/24 - Form 15-12G
- 4/16/24 - Form 6-K
- 3/14/24 - Form 10-K
- KNDI's page on the SEC website