EZGO Technologies (NASDAQ: EZGO) entered into an at-the-market sales agreement with AC Sunshine Securities LLC on April 2, 2026, allowing the company to sell up to $100 million worth of ordinary shares.

Under the agreement, EZGO may offer and sell ordinary shares from time to time through AC Sunshine Securities, which will act as sales agent or principal. The sales agent may sell shares using methods defined as "at the market offering" under Rule 415(a)(4) of the Securities Act of 1933.

AC Sunshine Securities is not required to sell any specific number or dollar amount of securities but will use commercially reasonable efforts consistent with normal trading practices and applicable regulations to sell the shares. The arrangement does not include funds being held in escrow, trust or similar arrangements.

The sales agent will receive compensation equal to 3% of gross proceeds from any ordinary shares sold under the agreement. EZGO will also reimburse certain commissions and expenses incurred by the sales agent.

The information is based on a company press release statement.