Kandi Technologies Announces Entry into Agreement for 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. 10, 2020 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company” or “Kandi”) (NASDAQ GS: KNDI), today announced that it has entered into a securities purchase agreement with certain institutional investors for a registered direct placement of $60 million of common stock at a price of $6.38 per share. The Company will issue a total of 9,404,392 shares of common stock to the institutional investors. As part of the transaction, the Company will also issue to the investors warrants (“Warrants”) for the purchase of up to 3,761,756 shares of common stock at an exercise price of $8.18 per share, which Warrants will have a term of 30 months from the date of issuance but are not exercisable for the first six months. The net proceeds from this offering will be used for general working corporate purposes. The completion of the placement is expected to occur on or about November 12, 2020, subject to the satisfaction of customary closing conditions.
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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