EAST WINDSOR, N.J.,
June 25, 2021 /PRNewswire/
-- Greenland Technologies Holding
Corporation (NASDAQ: GTEC) ("Greenland" or the "Company"), a technology
developer and manufacturer of electric industrial vehicles and
drivetrain systems for material handling machineries and vehicles,
today announced that it intends to offer ordinary shares for sale
in an underwritten public offering. The Company intends to use the
net proceeds from this offering for general corporate and working
capital needs. 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 S-3 (No. 333-256509) previously
filed with the U.S. Securities and Exchange Commission (the "SEC")
and declared effective by the SEC on June 7,
2021. A preliminary prospectus supplement and accompanying
prospectus 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 preliminary
prospectus supplement and the accompanying prospectus may be
obtained, when available, by contacting Aegis Capital Corp.,
Attention: Syndicate Department, 810 7th Avenue, 18th floor,
New York, NY 10019, by email at
syndicate@aegiscap.com, 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
jurisdiction.
About Greenland Technologies Holding Corporation
Greenland Technologies Holding Corporation (NASDAQ: GTEC)
is a developer and a manufacturer of drivetrain systems for
material handling machineries and electric vehicles, as well as
electric industrial vehicles. For more information
visit www.gtec-tech.com.
Forward-Looking Statements
This press release contains statements that may constitute
"forward-looking statements." Such statements
reflect Greenland's current views with respect to future
events and are subject to such risks and uncertainties, many of
which are beyond the control of Greenland, including those set
forth in the Risk Factors section of Greenland's Annual
Report on Form 10-K and Definitive Proxy Statement on Schedule 14A
filed with the SEC. Copies are available on
the SEC's website, www.sec.gov. Words such as
"expect," "estimate," "project," "budget," "forecast,"
"anticipate," "intend," "plan," "may," "will," "could," "should,"
"believes," "predicts," "potential," "continue," and similar
expressions are intended to identify such forward-looking
statements. These forward-looking statements include, without
limitation, Greenland's ability to complete the offering, its
intended use of proceeds, Greenland's expectations with respect to
future performance. In addition, there is uncertainty about the
further spread of the COVID-19 virus or the occurrence of another
wave of cases and the impact it may have on the Company's
operations, the demand for the Company's products, global supply
chains and economic activity in general. Should one or more of
these risks or uncertainties materialize, or should assumptions
underlying the forward-looking statements prove incorrect, actual
results may vary materially from those described herein as
intended, planned, anticipated or expected. Statements contained in
this news release regarding past trends or activities should not be
taken as a representation that such trends or activities will
continue in the future. Greenland does not intend and
does not assume any obligation to update these forward-looking
statements, other than as required by law.
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SOURCE Greenland Technologies Holding Corporation