E-Power Inc. Announces Pricing of Approximately $1.87 Million Registered Direct Offering

Existing holders would be diluted by the planned share issuance and any shares issued through warrant exercises.

Rhea-AI Summary

E-Power (EPOW) agreed to sell shares and pre-funded warrants in a registered direct offering expected to raise approximately $1.87 million.

The agreement with a non-U.S. investor covers 229,097 Class A ordinary shares at $3.60 per share and pre-funded warrants to purchase up to 292,393 shares at $3.59 per warrant. The warrants are exercisable immediately upon issuance at $0.01 per share and expire when exercised in full. Expected gross proceeds are before placement-agent fees and other estimated offering expenses. E-Power intends to use net proceeds for working capital and general corporate purposes. Closing is expected on or about September 30, 2026, subject to customary closing conditions.

1 point · 1 major

PositiveiHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 4 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Major point. Forward-looking: it has not happened yet and may not happen.Expected gross proceeds of approximately $1.87 million would provide financing before fees and expenses. 15% of market cap

Negative

• Minor point. Forward-looking: it has not happened yet and may not happen.Planned issuance of 229,097 Class A ordinary shares at $3.60 each would dilute existing holders.
• Minor point. Forward-looking: it has not happened yet and may not happen.Pre-funded warrants for up to 292,393 shares at $3.59 each could add dilution if exercised at $0.01 per share.
• Minor point. Forward-looking: it has not happened yet and may not happen.Placement-agent fees and other estimated offering expenses will reduce the expected gross proceeds.
• Minor pointThe offering is expected to close on or about September 30, 2026; it has not closed.

News Explained

If the offering closes and the warrants are exercised, up to 292,393 additional Class A shares would be issued; the warrants cost $3.59 each and have a $0.01 exercise price, so conversion increases the share count and reduces existing holders’ percentage ownership.

Argus 15 min delay 9 alerts

-30.58% vs previous close $3.61 last price 0.1x rel. volume Open Argus

Details

Market move: EPOW -30.58% vs previous close. registered direct offering

$3.61 – $5.35 Day Range

On Sep 29, the day this news came out, the latest delayed price for EPOW is 30.58% below the previous close. Our momentum scanner has recorded 9 alerts for this stock so far that day. The latest delayed price is $3.61.

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

Market Context

The $200,000,000 active F-3 shelf was filed July 24 and declared effective, providing relevant regis...

Analysis

The $200,000,000 active F-3 shelf was filed July 24 and declared effective, providing relevant registration context for this offering, which the article says is being made under Form F-3.

Key Figures

Gross proceeds: Approximately $1.87 million Ordinary shares: 229,097 shares Pre-funded warrants: 292,393 warrants +3 more

Gross proceeds

Approximately $1.87 million

Before placement agent fees and other estimated offering expenses

Ordinary shares

229,097 shares

Offered at $3.60 per share

Pre-funded warrants

292,393 warrants

Each warrant is exercisable for one Ordinary Share

Warrant purchase price

$3.59 per pre-funded warrant

Registered direct offering

Exercise price

$0.01 per Ordinary Share

Pre-funded warrants; exercisable immediately upon issuance

Expected closing

On or about September 30, 2026

Subject to customary closing conditions

Historical Context

1 past event · Latest: Aug 06

1 event

1. Aug 06

   private placement

   24h Move

   -3.8%

   Closed a $16.0 million share placement with one non-U.S. investor for general corporate purposes.

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

Key Terms

registered direct offering, pre-funded warrants, securities purchase agreement, form f-3

4 terms

registered direct offering financial

"in a registered direct offering."

A registered direct offering is a way for a company to sell new shares of its stock directly to select investors with regulatory approval. This method allows the company to raise funds quickly and efficiently without needing a public auction, similar to offering exclusive access to a limited number of buyers. For investors, it often provides an opportunity to purchase shares at a favorable price, while giving the company immediate access to capital.

pre-funded warrants financial

"pre-funded warrants in lieu thereof"

Pre-funded warrants are financial instruments that give investors the right to purchase a company's stock at a set price, but with most or all of the purchase price paid upfront. They function like a coupon or gift card for stock, allowing investors to buy shares later at a fixed price, which can be beneficial if they want to avoid future price increases. This makes them important for investors seeking flexibility and certainty in their investment plans.

securities purchase agreement financial

"entered into a securities purchase agreement"

A securities purchase agreement is a written contract between a buyer and a seller outlining the terms for buying or selling financial assets such as stocks or bonds. It specifies details like the price, quantity, and conditions of the transaction, similar to a shopping list with agreed-upon terms. For investors, it provides clarity and legal protection when transferring ownership of these financial instruments.

form f-3 regulatory

"offered pursuant to a registration statement on Form F-3"

Form F-3 is a U.S. securities filing that lets eligible foreign companies pre-register and then quickly sell shares or other securities to raise money, because they already meet ongoing reporting and size tests. For investors it signals that the company is up-to-date with regulatory disclosure and has an efficient way to issue new securities — similar to a pre-approved credit line — which can mean faster capital raises but also potential dilution of existing holdings.

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

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DOVER, USA, Sept. 29, 2026 (GLOBE NEWSWIRE) -- E-Power Inc. (the “Company” or “E-Power”) (NASDAQ: EPOW), a provider of AI Data Center (AIDC) microgrid solutions and advanced battery materials, today announced that it has entered into a securities purchase agreement with a certain non-U.S. investor to purchase approximately $1.87 million of its Class A ordinary shares (the “Ordinary Shares”) (and pre-funded warrants in lieu thereof) in a registered direct offering.

Pursuant to the securities purchase agreement, the Company agreed to issue and sell 229,097 Ordinary Shares, par value $0.0025 per share, at a purchase price of $3.60 per share, and pre-funded warrants to purchase up to 292,393 Ordinary Shares at a purchase price of $3.59 per pre-funded warrant. The pre-funded warrants are exercisable immediately upon issuance at a nominal exercise price of $0.01 per Ordinary Share and will expire when exercised in full.

The gross proceeds to the Company from the offering are expected to be approximately $1.87 million, before deducting placement agent fees and other estimated offering expenses payable by the Company. The Company intends to use the net proceeds from this offering for working capital and general corporate purposes.

The offering is expected to close on or about September 30, 2026, subject to the satisfaction of customary closing conditions.

FT Global Capital, Inc. is acting as the exclusive placement agent for the offering.

The Ordinary Shares and the pre-funded warrants are being offered pursuant to a registration statement on Form F-3 (File No. 333-297688), which was declared effective by the Securities and Exchange Commission (the “SEC”) on July 30, 2026. A final prospectus supplement and accompanying prospectus describing the terms of the offering will be filed with the SEC and will be available on the SEC’s website at http://www.sec.gov.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of these 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 prior to registration or qualification under the securities laws of any such state or jurisdiction.

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 successful track records 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 the anticipated closing of the offering, the anticipated use of proceeds from the offering, plans, goals, objectives, strategies, future events, expected results, assumptions, and any statements that are not historical facts. Words such as “may,” “will,” “plan,” “anticipate,” “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 satisfaction of customary closing conditions related to the offering, the timing of the completion of the offering, the Company’s ability to use the net proceeds from the offering as intended, market and other conditions and the impact thereof on the completion of the offering, 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, including its registration statement on Form F-3 and the related prospectus supplement for this offering, for other factors that may affect the Company’s future operating results. The Company undertakes 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much is E-Power (EPOW) expected to raise in its registered direct offering, and at what prices?

E-Power expects approximately $1.87 million in gross proceeds before fees and expenses. The agreement prices 229,097 Class A ordinary shares at $3.60 per share and pre-funded warrants to purchase up to 292,393 shares at $3.59 per warrant.