LISHUI, China, Jan. 27,
2023 /PRNewswire/ -- CN Energy Group. Inc. (NASDAQ:
CNEY) ("CNEY", or the "Company") today announced that it intends to
offer its securities in a public offering. All of the securities
are being offered by CNEY. In addition, CNEY intends to grant
the underwriter in the offering a 45-day option to purchase up to
an additional 15% of the securities offered in the offering at the
public offering price, less underwriting discounts. The Company
intends to use the net proceeds from this offering for general
corporate purposes, including, but not limited to, working capital.
The offering is subject to market conditions, and there can be no
assurance as to whether or when the offering may be completed, or
as to the actual size or terms of the offering.
Aegis Capital Corp. is acting as the sole book-running
manager for the offering.
This offering is being made pursuant to an effective shelf
registration statement on Form F-3 (No. 333-264579) previously
filed with the U.S. Securities and Exchange Commission (the "SEC")
and declared effective by the SEC on June
13, 2022. The offering will be made only by means of a
prospectus supplement and accompanying prospectus that form a part
of the shelf registration statement. A prospectus supplement
describing the terms of the proposed offering will be filed with
the SEC and will be available on the SEC's website located at
http://www.sec.gov. Electronic copies of the prospectus supplement
may be obtained, when available, by contacting Aegis Capital Corp.,
Attention: Syndicate Department, 1345 Avenue of the Americas, 27th
floor, New York, NY 10105, by
email at firstname.lastname@example.org, or by telephone at (212) 813-1010.
Before investing in this offering, interested parties should read
in their entirety the prospectus supplement and the accompanying
prospectus and the other documents that the Company has filed with
the SEC that are incorporated by reference in such prospectus
supplement and the accompanying prospectus, which provide more
information about the Company and such offering.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
About CN Energy Group. Inc.
CN Energy Group. Inc. is currently listed on NASDAQ under the
symbol of CNEY. With patented proprietary bioengineering and
physiochemical technologies, CNEY has pioneered and specialized in
producing high-quality recyclable activated carbon and renewable
energy from abandoned forest and agricultural residues, converting
harmful wastes into invaluable wealth and delivering significant
financial, economic, environmental, and ecologic benefits.
CENY's products and services have been widely used by food and
beverage producers, industrial and pharmaceutical manufacturers, as
well as environmental protection enterprises. For more information,
please visit the Company's website at www.cneny.com.
Certain statements, other than statements of historical facts,
made in this announcement are forward-looking statements. These
forward-looking statements involve known and unknown risks and
uncertainties, including statements regarding the timing, size and
expected gross proceeds of the offering, the satisfaction of
customary closing conditions related to the offering and sale of
securities, the grant to the underwriter of an option to purchase
additional securities, and CNEY's ability to complete the offering.
Investors can identify these forward-looking statements by words or
phrases such as "may," "will," "expect," "anticipate," "aim,"
"estimate," "intend," "plan," "believe," "potential," "continue,"
"is/are likely to" or other similar expressions. The Company
undertakes no obligation to update forward-looking statements to
reflect subsequent occurring events or circumstances, or changes in
its expectations, except as may be required by law. Although the
Company believes that the expectations expressed in these
forward-looking statements are reasonable, it cannot assure you
that such expectations will turn out to be correct, and the Company
cautions investors that actual results may differ materially from
the anticipated results and encourages investors to refer to its
filings with SEC, including without limitation, Company's
registration statements and other filings with the SEC that set
forth certain risks and uncertainties that may have an impact on
future results and directions of the Company.
SOURCE CN Energy Group. Inc.