EZGO Technologies announces closing of $9.6M registered direct offering

EZGO Technologies announced the closing of its previously announced registered direct offering with certain institutional investors for the purchase and sale of 8,498,125 ordinary shares, along with associated warrants at a combined purchase price of $1.13 per ordinary share and associated warrants. Each one ordinary share was sold together with one common warrant exercisable for one ordinary share at an exercise price of $1.13 per ordinary share and four exchange warrants each exercisable for one ordinary share at an exercise price of $1.13 per ordinary share. The aggregate gross proceeds to the company were approximately $9.6M, in consideration for which the company issued a total of 8,498,125 ordinary shares, common warrants to purchase up to 8,498,125 ordinary shares and exchange warrants to purchase up to 33,992,500 ordinary shares. Aegis Capital Corp. acted as the Exclusive Placement Agent.