Kandi Technologies Announces Entry into Agreement for Registered Direct Placement of $100 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. 20, 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 $100 million of 8,849,560 units (the “Units”) of its securities at a purchase price per Unit of $11.30, generating aggregate gross proceeds to the Company of approximately $100 million, 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 $14.50 per share, a term of 30 months, and are exercisable upon issuance. The net proceeds from this offering are expected to be used for general working capital purposes including research and development of EV sports car models and expenditures necessary to assure tha
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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