E-Power Inc. Announces Closing of US$16 Million Private Placement Priced at US$1.01 Per Share

Rhea-AI Summary

E-Power (NASDAQ: EPOW) closed a private placement of 15,841,585 Class A ordinary shares to a single non-U.S. investor at US$1.01 per share, raising approximately US$16.0 million in gross proceeds. The subscription agreement was signed on June 16, 2026 and the transaction closed on June 29, 2026, following board approval.

According to the company, proceeds will be used for working capital, investments and other general corporate purposes, supporting its AI data center microgrid project pipeline in North America and advanced battery materials programs. The shares were issued under Regulation S and are not registered under the Securities Act.

Positive

• US$16.0 million gross proceeds to support working capital and investments
• Equity financing priced at US$1.01 per share with a single investor
• Board-approved private placement closed on June 29, 2026
• Proceeds earmarked to advance AIDC microgrid projects and battery materials programs

Negative

• Issuance of 15,841,585 new Class A shares creates shareholder dilution
• New shares sold in an unregistered offering under Regulation S, limiting immediate U.S. resale

News Explained

The placement is already closed, so the 15,841,585 newly issued Class A shares increase E-Power’s total share count and reduce existing holders’ percentage ownership, absent offsetting changes; the release does not quantify the resulting dilution.

Market Reaction – EPOW

-1.33% $0.42 3.1x vol

15m delay

-1.33% Vs previous close

$0.42 Last Price

$0.37 $0.47 Day Range

$16.09M Market Cap

3.1x Rel. Volume

Following this news, EPOW has declined 1.33%, reflecting a mild negative market reaction. Our momentum scanner has triggered 7 alerts so far, indicating moderate trading interest and price volatility. The stock is currently trading at $0.42. Trading volume is very high at 3.1x the average, suggesting heavy selling pressure.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.

Market Context

The effective F-3 shelf, dated July 24, 2026, adds financing context to this completed placement. Th...

Analysis

The effective F-3 shelf, dated July 24, 2026, adds financing context to this completed placement. The platform record also shows inconsistent historical news alignment, while future assessment centers on capital use and execution.

Key Figures

Shares issued: 15,841,585 Class A ordinary shares Purchase price: US$1.01 per share Gross proceeds: US$16.0 million +2 more

5 metrics

Shares issued 15,841,585 Class A ordinary shares Private placement closing

Purchase price US$1.01 per share Private placement

Gross proceeds US$16.0 million Before offering expenses

Subscription agreement date June 16, 2026 Agreement entered with investor

Transaction closing date June 29, 2026 Private placement transaction

Historical Context

5 past events · Latest: Jun 15 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jun 15	Government grant	Positive	-2.3%	RMB 3 million grant supported AIoT and blockchain-driven smart manufacturing platform
May 26	Government funding	Positive	+7.7%	Provincial funding supported next-generation energy storage anode research and development
May 22	Nasdaq deficiency	Negative	+7.7%	Nasdaq notified EPOW of minimum bid price deficiency and compliance deadline
May 08	Patent grant	Positive	-8.1%	Granted patent covered phosphorus-silver-silicon co-doped hard carbon composite
May 08	Government grant	Positive	-8.1%	Provincial fund supported carbon-based anode material technology center

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

EPOW's recent record showed four positive announcements followed by negative reactions, while one negative announcement was followed by a positive reaction.

Key Terms

private placement, regulation s, securities act

3 terms

private placement financial

"announced the closing of a private placement of 15,841,585 Class A ordinary shares"

A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.

regulation s regulatory

"in reliance on Regulation S under the Securities Act of 1933"

Regulation S is a set of rules that allows companies to sell securities (like shares or bonds) to investors outside the United States without having to follow all U.S. securities laws. It matters because it makes it easier for companies to raise money from international investors while still complying with U.S. regulations.

securities act regulatory

"under the Securities Act of 1933, as amended"

A securities act is a law that governs the offering, sale and disclosure of stocks, bonds and other investment products to the public. It requires companies to provide clear, truthful information—like a product label for an investment—so buyers can understand risks and value before they invest. For investors, these rules reduce fraud, promote transparency, and help ensure fair access to market information.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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DOVER, USA, Aug. 06, 2026 (GLOBE NEWSWIRE) -- E-Power Inc. (“E-Power,” the “Company,” “we” or “our”) (NASDAQ: EPOW), a leading provider of AI Data Center (AIDC) microgrid solutions and advanced battery materials, today announced the closing of a private placement of 15,841,585 Class A ordinary shares of the Company at a purchase price of US$1.01 per share, for aggregate gross proceeds of approximately US$16.0 million, before deducting offering expenses payable by the Company.

The Company entered into a subscription agreement with an investor on June 16, 2026, and the transaction closed on June 29, 2026. The Class A ordinary shares were issued to a single non-U.S. investor in reliance on Regulation S under the Securities Act of 1933, as amended (the “Securities Act”). The transaction was approved by the Company’s board of directors.

Key Terms of the Private Placement

• Securities Issued: 15,841,585 Class A ordinary shares
  
  
• Purchase Price: US$1.01 per share
  
  
• Gross Proceeds: Approximately US$16.0 million
  
  
• Use of Proceeds: Working capital, investments, and other general corporate purposes

Strengthened Capital Base to Execute the AIDC Strategy

The proceeds strengthen the Company’s capital position as it advances its AIDC microgrid project pipeline in North America and its advanced battery materials programs.

“We believe that the closing of this US$16 million placement at US$1.01 per share reflects long-term confidence in E-Power’s strategy and execution,” said Mr. Haiping Hu, the founder, CEO and Chairman of E-Power Inc. “This capital is expected to strengthen our resources to deliver our AIDC microgrid projects and to keep advancing our position in advanced battery materials. We appreciate the investor’s support as we execute on the opportunities ahead.”

Securities Law Notice

The Class A ordinary shares described above were offered and sold in reliance on Regulation S under the Securities Act. The shares have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful.

About E-Power Inc.

E-Power Inc., through its subsidiaries, joint venture and variable interest entity structure, is engaged in the manufacturing and sale of graphite anode material for lithium-ion batteries. Through its joint venture, the Company operates a plant in Guizhou Province, China, powered by electricity from renewable sources, which contributes to the plant’s competitive production costs and reduced environmental impact in the production of graphite anode material. Mr. Haiping Hu, the founder, CEO and Chairman of the Company, has been a pioneer in the graphite anode industry since 1999. The Company’s management team is composed of experts with years of experience and proven track records of success in the graphite anode industry. For further information, please visit the Company’s website at www.sunrisenewenergy.com.

Forward-looking statement

Certain statements in this press release regarding the Company’s future expectations, plans and prospects constitute forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about plans, goals, objectives, strategies, future events, expected results, assumptions and any statements that are not historical facts. Words such as “may,” “will,” “plan,” “should,” “believe,” “expect,” “estimate,” and similar words, shall be regarded as forward-looking statements. Due to various factors, the actual results may differ materially from the historical results or from those expressed or implied by these forward-looking statements. These factors include, but are not limited to, the Company’s strategic objectives, the Company’s future plans, market demand and user acceptance of the Company’s products or services, technological updates, economic trends, the Company’s reputation and brand, the impact of industry competition, relevant policies and regulations, China’s macroeconomic conditions, international market conditions, and other related risks and assumptions. In view of the above and other related reasons, we advise investors not to place undue reliance on these forward-looking statements, and we urge investors to visit the website of the United States Securities and Exchange Commission to review the Company’s filings for other factors that may affect the Company’s future operating results. The Company is under no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

For more information, please contact:

The Company: IR Department
Email: IR@sunrisenewenergy.com
Phone: +1 4084890472

FAQ

What did E-Power (NASDAQ: EPOW) announce about its US$16 million private placement on August 6, 2026?

E-Power announced the closing of a private placement raising about US$16.0 million in gross proceeds. According to the company, it sold 15,841,585 Class A ordinary shares at US$1.01 per share to a single non-U.S. investor.

How many shares were issued and at what price in E-Power's (EPOW) 2026 private placement?

E-Power issued 15,841,585 Class A ordinary shares at US$1.01 per share in the private placement. According to the company, this transaction generated approximately US$16.0 million in gross proceeds before deducting offering expenses payable by E-Power.

When did E-Power (EPOW) sign and close the subscription agreement for the US$16 million financing?

E-Power signed the subscription agreement on June 16, 2026 and closed the transaction on June 29, 2026. According to the company, its board of directors approved the deal before completion of the private placement.

How will E-Power use the proceeds from the US$16 million private placement of EPOW shares?

E-Power plans to use the proceeds for working capital, investments and other general corporate purposes. According to the company, the funds are expected to support its AIDC microgrid project pipeline and advanced battery materials initiatives.

Who bought the new EPOW shares in E-Power's June 2026 private placement?

The newly issued EPOW shares were purchased by a single non-U.S. investor. According to E-Power, the offering relied on Regulation S under the Securities Act for issuing unregistered Class A ordinary shares.

Was E-Power's 2026 private placement of EPOW shares registered with the SEC?

No, the shares in this private placement were not registered under the Securities Act. According to E-Power, they were offered and sold under Regulation S and cannot be offered or sold in the United States without registration or an applicable exemption.

What does E-Power’s US$16 million private placement mean for existing EPOW shareholders?

The financing provides additional capital but increases the number of outstanding shares, causing dilution. According to the company, the funds should strengthen its capital position to pursue AIDC microgrid projects and advanced battery materials programs.