NEWS
Thunder Power Enters Into $100 Million Committed Equity Facility
Thunder Power Holdings, Inc. (Nasdaq: AIEV) has entered into a $100 million committed equity facility agreement.
This 36-month facility gives Thunder Power the right, but not the obligation, to issue and sell up to $100 million in newly issued common stock shares. The company has full control over the timing and amount of any drawdowns, subject to certain conditions. Proceeds from the facility, if utilized, will be used for working capital and general corporate purposes.
The agreement is subject to SEC registration of the shares for resale. Thunder Power emphasizes that this announcement is for informational purposes only and does not constitute an offer to sell securities. The company plans to file a registration statement with the SEC for the shares issuable under the facility.
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Trytosaveabit : Surprised with the dilution it may cause but still going up? Hehehe don’t trust it but I’m probably wrong! Hehehe
Jaguar8 OP Trytosaveabit : Likely because the offering is not yet filed and given 36 months to offer it probably in staggered manner
Salmon Klein Jaguar8 OP : guys, the SL sometimes does not work isn't? I pit an order at 0.85+ and a sell off maybe below, but after the trigger the thing didn't work maybe I put it too tight trigger and sell price? now I am stuck in this shit hahahaha it is a huge offering right? no chances of PI tomorrow PM to sell a bit better? @Trytosaveabit
Jaguar8 OP Salmon Klein : I didn’t play it but the offering is witching 36 months span. Maybe you can wait tomorrow if it rebounds a bit but likely wont
Salmon Klein Jaguar8 OP : I want to get out, I will sell tonight but is not taking my order because no fucking volume