Thunder Power Enters Into $100 Million Committed Equity Facility [Yahoo! Finance]
Thunder Power Holdings, Inc. (AIEV)
Company Research
Source: Yahoo! Finance
and a developer of premium passenger EVs, today announced that it has entered into a Common Stock Purchase Agreement (the "Purchase Agreement") for a $100.0 million committed equity facility (the "Facility"). Transaction Overview Pursuant to the Purchase Agreement, the Company, in its sole discretion, will have the right, but not the obligation, to issue and sell up to $100.0 million in newly issued shares of the Company's common stock (the "Shares") over a 36-month period subject to certain conditions, including that a registration statement covering the resale of the Shares is filed and declared effective by the Securities and Exchange Commission ("SEC"). The Company is not required to utilize the Facility, and controls the timing and amount of any drawdown on the Facility, subject to certain restrictions under the Facility. The Company intends to use the net proceeds from the Facility, if any, for working capital and general corporate purposes. This press release is for infor
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AIEV
Sec Filings
- 9/16/24 - Form 8-K
- 9/9/24 - Form SC
- 9/6/24 - Form 8-K
- AIEV's page on the SEC website