EZGO Technologies Ltd. (Nasdaq: EZGO) has successfully completed its initial public offering (IPO) and its shares are now trading on the Nasdaq Capital Market. The IPO consisted of 2,800,000 common shares issued at $4.00 per share, resulting in total gross proceeds of $11.2 million. The underwriters also have the option to purchase up to an additional 420,000 ordinary shares at the public offering price. ViewTrade Securities, Inc. acted as the sole book-running manager for the offering.
Founder and CEO of EZGO, Jianhui YE, expressed excitement about being listed on the Nasdaq Capital Market. He sees it as a significant achievement for the company and believes it will strengthen their ability to execute their growth plans for 2021 and beyond.
The offering of these securities was made through a registration statement that was declared effective by the Securities and Exchange Commission on December 31, 2020. Interested parties can obtain a copy of the final prospectus related to the offering from ViewTrade Securities via email or standard mail. The prospectus can also be obtained from the SEC's website.
This press release clarifies that it does not constitute an offer to sell or a solicitation to buy any of the Company's securities. The securities cannot be offered or sold in the United States without registration or an applicable exemption from registration. Any offer, solicitation, or sale of the Company's securities must comply with the securities laws of the respective state or jurisdiction.
EZGO Technologies Ltd. is a leading short-distance transportation solutions provider in China. The company's business model revolves around the sale of electronic bicycles and battery rentals, as well as the sale of battery packs and charging pile services. They also trade lithium cells and design, manufacture, rent, and sell e-bicycles and e-tricycles. The company aims to serve the growing short-distance transportation solutions market in China and other international markets.
This press release contains forward-looking statements that are subject to risks and uncertainties. The actual results may differ from the expectations expressed in the forward-looking statements due to various factors, including the Company's goals, strategies, and future business development. Investors are advised to exercise caution and not rely solely on these forward-looking statements. The Company undertakes no obligation to revise these statements to reflect events or circumstances that may arise in the future.
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