NaaS Technology Inc. Secures $6 Million in Registered Direct Offering
March 17, 2024, 1:58 pm
Location: United States, District of Columbia, Washington
Employees: 1001-5000
Founded date: 1934
Total raised: $392.5M
NaaS Technology Inc., the pioneering U.S. listed EV charging service company in China, has successfully closed a registered direct offering, raising a substantial $6 million in total gross proceeds. The offering included 4,761,905 American Depositary Shares (ADS) along with warrants to purchase additional ADSs, priced at $1.26 per ADS. The warrants, with an exercise price of $1.49, will be exercisable six months after issuance and expire five years from the initial exercise date.
This strategic move is aimed at fueling the expansion of NaaS Technology Inc.'s EV charging network coverage, supporting research and development endeavors, and bolstering working capital for general corporate purposes. The company's commitment to innovation and growth is evident in its proactive approach to securing funding for future initiatives.
NaaS Technology Inc., a subsidiary of NewLink Technology Limited, stands out as a key player in the energy digitalization landscape in China. Offering comprehensive solutions to energy asset owners, including charging services, energy solutions, and new initiatives, the company is at the forefront of facilitating energy transition. With an impressive track record of connecting over 767,000 chargers across 73,000 charging stations, NaaS Technology Inc. commands a significant market share in China's public charging sector.
Looking ahead, NaaS Technology Inc. remains focused on driving progress and staying ahead of the curve in the dynamic EV charging industry. By leveraging the proceeds from this successful offering, the company is poised to further strengthen its market position and continue delivering innovative solutions to meet the evolving needs of energy consumers.
Investors and industry observers are encouraged to keep a close eye on NaaS Technology Inc. as it navigates the ever-changing landscape of the energy sector. With a solid foundation, a clear vision, and a commitment to excellence, the company is well-positioned for sustained growth and success in the competitive market environment.
For inquiries related to investment opportunities or media engagements, please reach out to NaaS Technology Inc.'s Investor Relations team at ir@enaas.com. Media inquiries can be directed to pr@enaas.com.
This strategic move is aimed at fueling the expansion of NaaS Technology Inc.'s EV charging network coverage, supporting research and development endeavors, and bolstering working capital for general corporate purposes. The company's commitment to innovation and growth is evident in its proactive approach to securing funding for future initiatives.
NaaS Technology Inc., a subsidiary of NewLink Technology Limited, stands out as a key player in the energy digitalization landscape in China. Offering comprehensive solutions to energy asset owners, including charging services, energy solutions, and new initiatives, the company is at the forefront of facilitating energy transition. With an impressive track record of connecting over 767,000 chargers across 73,000 charging stations, NaaS Technology Inc. commands a significant market share in China's public charging sector.
Looking ahead, NaaS Technology Inc. remains focused on driving progress and staying ahead of the curve in the dynamic EV charging industry. By leveraging the proceeds from this successful offering, the company is poised to further strengthen its market position and continue delivering innovative solutions to meet the evolving needs of energy consumers.
Investors and industry observers are encouraged to keep a close eye on NaaS Technology Inc. as it navigates the ever-changing landscape of the energy sector. With a solid foundation, a clear vision, and a commitment to excellence, the company is well-positioned for sustained growth and success in the competitive market environment.
For inquiries related to investment opportunities or media engagements, please reach out to NaaS Technology Inc.'s Investor Relations team at ir@enaas.com. Media inquiries can be directed to pr@enaas.com.