Recon Technology launches $100M at-the-market share offering

Recon Technology, Ltd. (NASDAQ: RCON) has entered into an at-the-market issuance sales agreement with Pacific Century Securities LLC to sell up to $100,000,000 in Class A ordinary shares, according to a prospectus supplement filing dated July 28, 2026.

Under the agreement, Recon Technology may offer and sell Class A ordinary shares, with a par value of $0.0001 per share, from time to time through or to Pacific Century Securities acting as sales agent or principal. The sales agent is not required to sell any specific number or dollar amount of shares.

The company calculated its public float at approximately $117,104,268, based on 68,083,877 non-affiliate shares outstanding as of April 16, 2026, and a closing price of $1.72 per share on the Nasdaq Capital Market on March 2, 2026. Because the public float exceeds $75 million, the offering is not subject to the one-third public float cap under General Instruction I.B.5 of Form F-3.

Any sales under the agreement will be conducted as at-the-market offerings as defined under Rule 415 of the Securities Act of 1933. No escrow, trust, or similar arrangement has been established for the proceeds.

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