HiTek Global raises $8 million in registered direct offering

HiTek Global Inc. Ltd (NASDAQ: HKIT) entered into a definitive agreement for a registered direct offering worth approximately $8 million, the company announced.

The offering includes 4 million Class A ordinary shares with a par value of $0.015 per share, priced at $2.00 each, along with 4 million warrants. Each warrant carries an exercise price of $4.5678 and is exercisable to purchase 3.8 shares.

The transaction is expected to close on or about June 3, 2026, subject to customary closing conditions. Univest Securities, LLC serves as the sole placement agent for the offering.

The offering is conducted under a shelf registration statement on Form F-3 that was filed with the Securities and Exchange Commission and became effective on May 29, 2024.

HiTek Global, headquartered in Xiamen, China, provides information technology consulting and solutions services. The company operates two business lines: services for small and medium-sized businesses, including Anti-Counterfeiting Tax Control System devices and IT services, and services for large businesses involving hardware and software sales.

You May Also Be Interested In

• Werewolf Therapeutics to merge with Ambros in $150M private placement
• Jupiter Neurosciences prices $2M registered direct offering of shares
• EShallGo closes $1.75M registered direct offering at $1 per share