PN Smart Energy prices $5M direct offering at $3.50 per share

PN Smart Energy Limited (NASDAQ: PN) has entered into a securities purchase agreement with an institutional investor for a registered direct offering expected to raise $5.0 million in gross proceeds, before placement agent fees and other expenses, according to a company statement.

The China-based clean energy company is offering up to 1,428,572 Class A ordinary shares at $3.50 per share, or pre-funded warrants at $3.498 each. The closing is expected on or about Aug. 10, 2026, subject to customary closing conditions.

The company said it intends to use the net proceeds for general working capital purposes.

FT Global Capital, Inc. is serving as the exclusive placement agent for the offering. The securities are being offered under an effective shelf registration statement on Form F-3 filed with the U.S. Securities and Exchange Commission, declared effective on April 30, 2026.

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