EZGO Technologies Slumps After $8.5M Equity Offering

  • Massive Demand & Disruptive Potential – Boxabl has received interest for over 190,000 homes, positioning itself as a major disruptor in the housing market.
  • Revolutionary Manufacturing Approach – Inspired by Henry Ford’s assembly line, Boxabl’s foldable tiny homes are designed for high-efficiency production, making homeownership more accessible.
  • Affordable Investment Opportunity – With homes priced at $60,000, Boxabl is raising $1 billion to scale production, offering investors a chance to own a stake in its growth.
Share Price: $0.80
Min. Investment: $1,000
Valuation: $3.5B
  • EZGO Technologies Ltd EZGO has entered into a definitive securities purchase agreement, dated as of June 5, 2023, with certain purchasers, each an unrelated third party to the company.
  • The purchasers agreed to subscribe for and purchase an aggregate of 10 million shares at $0.85 per unit.
  • Each unit consists of one ordinary share and one warrant to purchase one ordinary share at a price of $1.20 per share.
  • The warrants will become exercisable for cash or on a cashless basis upon issuance and will expire one year after the issuance date.
  • The company expects to receive net proceeds of approximately $8.47 million from the issuance and sale of the units.
  • EZGO intends to use the net proceeds for working capital and general business purposes.
  • Price Action: EZGO shares are trading lower by 10.5% at $1.36 in premarket on Tuesday.
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EZGOEZGO Technologies Ltd
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