SRIVARU (SVMH) Announces Pricing of Upsized $6.8 Million Underwritten Public Offering
SRIVARU Holding Limited (SVMH)
Company Research
Source: GlobeNewswire
GRAND CAYMAN, Cayman Islands, Oct. 30, 2024 (GLOBE NEWSWIRE) -- SRIVARU Holding Limited (Nasdaq: SVMH, SVMHW) (“SRIVARU” or the “Company”), a manufacturer of premium electric motorcycles, today announced the pricing of its public offering of 106,250,000 units at a public offering price of $0.064 per unit. Each unit consists of one ordinary share and one warrant to purchase one ordinary share, which can be exercisable for two ordinary shares pursuant to an alternative cashless exercise provision. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 15,937,500 ordinary shares and 15,937,500 warrants to cover over-allotments at the public offering price, less the underwriting discount. The common warrants will be exercisable on the date of shareholder approval at a price of $0.096 per share and will expire five years from the date of shareholder approval. The ordinary shares and accompanying warrants can only be purchased together in thi
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News
- SRIVARU Holding Completes the Interim Audit and Advances Plan to Comply with Nasdaq Listing StandardsGlobeNewswire
- SRIVARU (SVMH) Announces Closing of Upsized $6.8 Million Underwritten Public OfferingGlobeNewswire
- SRIVARU (SVMH) Expands to Kerala, a Leading State in EV Adoption in India, with Innovative Joint Dealership for PRANA 2.0 Electric Motorcycles in ThiruvananthapuramGlobeNewswire
- SRIVARU (SVMH) Begins PRANA 2.0 Vehicle Deliveries and Revenue GenerationAccesswire
- SRIVARU (SVMH) Secures Approval from India's Road Transport Authority for PRANA 2.0, Achieving Final Federal Technical Compliance: Paving the Way for Vehicle DeliveriesAccesswire