Smart Powerr raises $2M through sale of 4.5M shares at $0.45, with option for 4.5M more

Filed May 22, 2026 · Period ending May 19, 2026 · ~1 min read

Key Changes

• high

  Company sold 4.5 million shares at $0.45 each to institutional investors, raising $2 million before fees. Investors have option to buy another 4.5 million shares within 30 days, which would double the dilution.

  Item 1.01 verify on EDGAR →
• high

  If investors exercise their 30-day option to purchase additional shares, total dilution could reach 9 million shares and raise up to $4 million total. This represents significant potential dilution for existing shareholders.

  Item 1.01 verify on EDGAR →
• medium

  Company agreed not to issue new shares or file registration statements for 30 days, and cannot conduct variable rate transactions for 60 days. These restrictions temporarily limit additional capital raising options.

  Item 1.01 verify on EDGAR →