EZGO Technologies Ltd. Completes Initial Public Offering, Shares Begin Trading Today on NASDAQ Capital Market
27 January 2021 - 3:53AM
via NewMediaWire -- EZGO
Technologies Ltd. (Nasdaq: EZGO) (“EZGO” or the
“Company”), a leading short-distance transportation solutions
provider in China, today announced it has completed its initial
public offering (IPO), and the company’s shares begin trading today
on the Nasdaq Capital Market.
The company’s IPO consisted of 2,800,000 common
shares issued at $4.00 per share, for total gross proceeds of
$11.2 million - before deducting underwriting discounts,
commissions and other related expenses. In addition, EZGO has
granted the underwriters a 45-day option to purchase up to an
additional 420,000 ordinary shares at the public offering price,
less underwriting discount and commissions. ViewTrade Securities,
Inc., a global provider of brokerage, investment banking, corporate
/advisory and trading platform services, acted as sole book-running
manager for the offering.
“We are excited to be listed on the prestigious
Nasdaq Capital Market,” said EZGO Founder and CEO Jianhui YE. “It
fulfills a long-desired goal for me and our entire team, and
strengthens our company’s ability to execute on our growth plans
for 2021 and beyond.”
A registration statement relating to the
securities being sold in this offering was declared effective by
the Securities and Exchange Commission on December 31, 2020. The
offering of these securities was made only by means of a
prospectus, forming a part of the registration statement. A copy of
the final prospectus related to the offering may be obtained, when
available, from ViewTrade Securities, via
email: IB@Viewtrade.com or standard mail at ViewTrade
Securities, 7280 W Palmetto Park Rd, #310, Boca Raton,
FL 33433, Attn: Prospectus Department. In addition, a copy of
the final prospectus relating to the offering may be obtained via
the SEC's website at www.sec.gov.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy any of the Company's
securities, nor shall such securities be offered or sold in the
United States absent registration or an applicable exemption from
registration, nor shall there be any offer, solicitation or sale of
any of the Company's securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of such
state or jurisdiction.
About EZGO Technologies Ltd.
Leveraging our two E bike brands “Cenbird” and
“Dilang”, Internet of Things (IoT) product and service
platform, EZGO has established a business model centered
on the sale of electronic bicycles and battery and e-bicycle
rentals, complemented by sale of battery packs, battery cell
trading and a charging pile business. Currently, the Company
(i) trades lithium cells; (ii) rents and sells lithium batteries;
(iii) designs, manufactures, rents and sell e-bicycles and
e-tricycles; and (iv) sells, franchises and operates smart charging
piles for e-bicycles and other electronic devices.
Safe Harbor Statement
This press release contains forward-looking
statements as defined by the Private Securities Litigation Reform
Act of 1995. Forward-looking statements include statements
concerning plans, objectives, goals, strategies, future events or
performance, and underlying assumptions and other statements that
are other than statements of historical facts. When the Company
uses words such as “may, “will, “intend,” “should,” “believe,”
“expect,” “anticipate,” “project,” “estimate” or similar
expressions that do not relate solely to historical matters, it is
making forward-looking statements. Forward-looking statements
are not guarantees of future performance and involve risks and
uncertainties that may cause the actual results to differ
materially from the Company's expectations discussed in the
forward-looking statements. These statements are subject to
uncertainties and risks including, but not limited to, the
following: the Company's goals and strategies; the Company's
future business development; product and service demand and
acceptance; changes in technology; economic conditions; the growth
of the short-distance transportation solutions market in China and
the other international markets the Company plans to serve;
reputation and brand; the impact of competition and pricing;
government regulations; fluctuations in general economic and
business conditions in China and the international markets the
Company plans to serve and assumptions underlying or related to any
of the foregoing and other risks contained in reports filed by the
Company with the SEC. For these reasons, among others,
investors are cautioned not to place undue reliance upon any
forward-looking statements in this press release. Additional
factors are discussed in the Company’s filings with the SEC, which
are available for review at www.sec.gov. The Company
undertakes no obligation to publicly revise these forward‐looking
statements to reflect events or circumstances that arise after the
date hereof.
For more information, please contact:
At the Company:
Menz Wen
Email: ir@ez-go.com.cn.
Phone: (+86) 13502829216
Investor Relations:
Rick Eisenberg
Eisenberg
Communications
Email: eiscom@msn.com
Phone: (+1) 917-691-8934
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