Recon Technology (RCON) Files for $20M Share Offering

Recon Technology (NASDAQ: RCON) has filed the following:

We are offering on a “reasonable best efforts” basis up to $20.0 million of Class A ordinary shares (“Class A Shares” or “Shares”) of Recon Technology, Ltd at an assumed public offering price of $[●] per Share, which is the last reported sale price of our Class A Shares on The Nasdaq Capital Market.

The public offering price for our securities in this offering will be determined at the time of pricing, and may be at a discount to the then current market price. The assumed public offering price used throughout this prospectus may not be indicative of the final offering price. The final public offering price will be determined through negotiation between us and investors based upon a number of factors, including our history and our prospects, the industry in which we operate, our past and present operating results, the previous experience of our executive officers and the general condition of the securities markets at the time of this offering.

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