 |
EAST WINDSOR, N.J., Jan. 30, 2026 /PRNewswire/ — Greenland Applied sciences Holding Company (Nasdaq: GTEC) (“Greenland” or the “Firm”), a know-how developer and producer of electrical industrial automobiles and drivetrain techniques for materials dealing with machineries and automobiles, in the present day introduced the closing of its beforehand introduced underwritten public providing of 5,083,330 items (the “Models”) at a public providing value of $1.20 per Unit. Every Unit consists of 1 strange share of the Firm (every, an “strange share” and collectively, the “strange shares”) and four-fifths of 1 warrant (every, a “warrant” and collectively, the “warrants”), with every entire warrant exercisable for one strange share.
The Models weren’t certificated or issued as stand-alone securities. The strange shares and warrants included within the Models had been instantly separable and had been issued individually within the providing. The warrants are instantly exercisable upon issuance, have an train value of $1.20 per share, or by the use of a zero value train, and can expire three years from the date of issuance. There is no such thing as a established buying and selling marketplace for the Models or the warrants, and the Firm doesn’t intend to record the Models or the warrants on any securities alternate or different buying and selling market. The strange shares are listed on The Nasdaq Capital Market below the image “GTEC.”
The gross proceeds from the providing had been roughly $6.1 million, earlier than deducting underwriting reductions and different providing bills payable by the Firm. The Firm intends to make use of the online proceeds from the providing for working capital and common company functions.
The providing was performed on a agency dedication foundation. Joseph Stone Capital, LLC acted as the only real underwriter for the providing. Hunter Taubman Fischer & Li LLC acted as U.S. securities counsel to the Firm, and Sichenzia Ross Ference Carmel LLP acted as U.S. securities counsel to Joseph Stone Capital, LLC in reference to the providing.
The providing was made pursuant to a registration assertion on Kind S-1, as amended (File No. 333-292412) (the “Registration Assertion”), which was declared efficient by the U.S. Securities and Alternate Fee (the “SEC”) on January 26, 2026. The providing was made solely by the use of a prospectus forming a part of the efficient registration assertion. A last prospectus associated to the providing has been filed with the SEC and is out there on the SEC’s web site at www.sec.gov. Digital copies of the ultimate prospectus could also be obtained from Joseph Stone Capital, LLC, by commonplace mail to Joseph Stone Capital, LLC, 585 Stewart Ave, Suite L60-C, Backyard Metropolis, NY 11530, by way of e-mail at corporatefinance@josephstonecapital.com, or by phone at +1 (888) 302-5548.
This press launch shall not represent a proposal to promote or the solicitation of a proposal to purchase the securities described herein, nor shall there be any sale of those securities in any state or jurisdiction through which such supply, solicitation or sale could be illegal previous to registration or qualification below the securities legal guidelines of any such state or jurisdiction.
About Greenland Applied sciences Holding Company
Greenland Applied sciences Holding Company (Nasdaq: GTEC) is a know-how developer and producer of electrical industrial automobiles and drivetrain techniques for materials dealing with machineries and automobiles. For extra info, please go to the Firm’s web site at https://ir.gtec-tech.com.
Ahead-Wanting Statements
This press launch incorporates forward-looking statements inside the which means of the Personal Securities Litigation Reform Act of 1995. All statements apart from statements of historic information are forward-looking statements, together with statements relating to the anticipated use of proceeds from the providing. These forward-looking statements contain identified and unknown dangers and uncertainties and are based mostly on present expectations and projections about future occasions and monetary traits that the Firm believes might have an effect on its monetary situation, outcomes of operations, enterprise technique and monetary wants. Buyers can determine these forward-looking statements by phrases or phrases akin to “might,” “will,” “count on,” “anticipate,” “intention,” “estimate,” “intend,” “plan,” “imagine,” “is/are more likely to,” “potential,” “proceed” or different comparable expressions. The Firm undertakes no obligation to replace forward-looking statements to replicate subsequent occurring occasions or circumstances, or modifications in its expectations, besides as could also be required by legislation. Though the Firm believes that the expectations expressed in these forward-looking statements are affordable, it can not guarantee you that such expectations will change into right, and the Firm cautions traders that precise outcomes might differ materially from the anticipated outcomes and encourages traders to evaluation different elements which will have an effect on its future ends in the Registration Assertion, the Firm’s quarterly report on Kind 10-Q, filed with the SEC on November 7, 2025, and different filings with the SEC.
