XCharge prices $4.375M direct offering with institutional investor

XCHG Limited (Nasdaq: XCH), an electric vehicle charging and energy solutions company headquartered in Hamburg, Germany, announced a registered direct offering of 7,000,000 American depositary shares to a single global institutional investor, according to a press release.

The gross proceeds from the offering are expected to total approximately $4.375 million, before deducting placement agent commissions and other offering expenses. XCharge said it intends to use the net proceeds for working capital and general corporate purposes.

The closing of the offering is expected to occur on or about June 29, 2026, subject to customary closing conditions.

A.G.P./Alliance Global Partners is acting as the sole placement agent for the offering. The ADSs are being offered pursuant to a registration statement on Form F-3 that was declared effective by the Securities and Exchange Commission on January 29, 2026.

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