EZGO Technologies Ltd. Announces Closing of US$11.2 Million Firm Commitment Initial Public Offering
January 29 2021 - 8:00AM
via NewMediaWire -- EZGO Technologies Ltd. (“EZGO” or “the
Company”) (Nasdaq: EZGO), a leading short-distance transportation
solutions provider in China, today announced the closing of its
firm commitment initial public offering of 2,800,000 ordinary
shares at a public offering price of $4.00 per share, for
total gross proceeds of US$11.2 million, before deducting
underwriting discounts, commissions and other related expenses. In
addition, EZGO has granted the underwriters a 45-day option to
purchase up to an additional 420,000 ordinary shares at the public
offering price, less underwriting discount and commissions. The
shares began trading on the Nasdaq Capital Market on January 26,
2021 under the ticker symbol “EZGO”.
ViewTrade Securities, Inc., a global provider of brokerage,
investment banking, corporate/advisory and trading platform
services, acted as sole book-running manager for the offering.
A registration statement relating to the
securities being sold in this offering was declared effective by
the Securities and Exchange Commission (SEC) on December 31,
2020. The offering of these securities was made only by means of a
prospectus, forming a part of the registration statement. A copy of
the final prospectus related to the offering may be obtained, when
available, from ViewTrade Securities, via
email: IB@Viewtrade.com or standard mail at ViewTrade
Securities, 7280 W Palmetto Park Rd, #310, Boca Raton,
FL 33433, Attn: Prospectus Department. In addition, a copy of
the final prospectus relating to the offering may be obtained via
the SEC’s website at www.sec.gov.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy any of the Company’s
securities, nor shall such securities be offered or sold in the
United States absent registration or an applicable exemption from
registration, nor shall there be any offer, solicitation or sale of
any of the Company’s 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 such
state or jurisdiction.
About EZGO Technologies Ltd.
Leveraging an Internet of Things (IoT) product and
service platform and two e bike brands, “Cenbird” and “Dilang,”
EZGO has established a business model centered on the sale of
electronic bicycles and battery and e-bicycle rentals, complemented
by sale of battery packs, battery cell trading and a charging pile
business. Currently, the Company (i) trades lithium cells; (ii)
rents and sells lithium batteries; (iii) designs, manufactures,
rents and sell e-bicycles and e-tricycles; and (iv) sells,
franchises and operates smart charging piles for e-bicycles and
other electronic devices.
Safe Harbor Statement
This press release contains forward-looking
statements as defined by the Private Securities Litigation Reform
Act of 1995. Forward-looking statements include statements
concerning plans, objectives, goals, strategies, future events or
performance, and underlying assumptions and other statements that
are other than statements of historical facts. When the Company
uses words such as “may, “will, “intend,” “should,” “believe,”
“expect,” “anticipate,” “project,” “estimate” or similar
expressions that do not relate solely to historical matters, it is
making forward-looking statements. Forward-looking statements
are not guarantees of future performance and involve risks and
uncertainties that may cause the actual results to differ
materially from the Company’s expectations discussed in the
forward-looking statements. These statements are subject to
uncertainties and risks including, but not limited to, the
following: the Company’s goals and strategies; the Company’s
future business development; product and service demand and
acceptance; changes in technology; economic conditions; the growth
of the short-distance transportation solutions market in China and
the other international markets the Company plans to serve;
reputation and brand; the impact of competition and pricing;
government regulations; fluctuations in general economic and
business conditions in China and the international markets the
Company plans to serve and assumptions underlying or related to any
of the foregoing and other risks contained in reports filed by the
Company with the SEC. For these reasons, among others,
investors are cautioned not to place undue reliance upon any
forward-looking statements in this press release. Additional
factors are discussed in the Company’s filings with the SEC, which
are available for review at www.sec.gov. The Company
undertakes no obligation to publicly revise these forward‐looking
statements to reflect events or circumstances that arise after the
date hereof.
For more information, please
contact:
At the Company:
Menz Wen Email: ir@ez-go.com.cn. Phone: (+86)
13502829216
Investor Relations:
Rick Eisenberg
Eisenberg Communications
Email: eiscom@msn.com
Phone: (+1) 917-691-8934
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