GREENLAND TECHNOLOGIES HOLDING CORPORATION ANNOUNCES CLOSING OF UNDERWRITTEN PUBLIC OFFERING

Greenland Technologies Holding Corporation (Nasdaq: GTEC) closed an underwritten public offering of 5,083,330 units at $1.20 per unit on Jan 29, 2026, generating gross proceeds of approximately $6.1 million.

Rhea-AI Summary

Greenland Technologies Holding Corporation (Nasdaq: GTEC) closed an underwritten public offering of 5,083,330 units at $1.20 per unit on Jan 29, 2026, generating gross proceeds of approximately $6.1 million.

Each unit included one ordinary share and four‑fifths of a warrant; warrants are immediately exercisable at $1.20 (or by zero price exercise), expire three years from issuance, and will not be listed. Net proceeds are for working capital and general corporate purposes.

Joseph Stone Capital acted as sole underwriter; the SEC declared the Form S-1 effective on Jan 26, 2026.

Positive

• Gross proceeds of approximately $6.1 million
• Immediate liquidity from sale of 5,083,330 ordinary shares
• Warrants exercisable immediately, providing potential equity conversion

Negative

• Potential dilution from 4/5 warrant per unit exercisable at $1.20
• Company did not list warrants or units on any exchange

Argus Jan 30 session

-6.73% close to close Open Argus

Details

News Market Reaction – GTEC

On Jan 30, the first trading day after this news, GTEC closed 6.73% below the previous close.

Data tracked by StockTitan Argus for the Jan 30 session.

Market Context

On Jan 30, the first trading day after this news, the stock closed 6.7% below the previous close. Th...

Analysis

On Jan 30, the first trading day after this news, the stock closed 6.7% below the previous close. The decline reflects the market’s ongoing response to dilution from the underwritten unit offering. Pricing on Jan 28, 2026 already coincided with a -18.49% move, and the closing announcement confirms issuance of shares and warrants at $1.20. With GTEC trading well below its $1.47 200‑day MA and 64.82% under its 52‑week high, investors face both dilution and a weak technical backdrop.

Key Figures

Units offered: 5,083,330 Units Offering price: $1.20 per Unit Warrant coverage: 4/5 of one warrant +5 more

Units offered

5,083,330 Units

Underwritten public offering size

Offering price

$1.20 per Unit

Public offering price for each Unit

Warrant coverage

4/5 of one warrant

Warrants included per Unit

Gross proceeds

approximately $6.1 million

Gross proceeds before fees and expenses

Warrant exercise price

$1.20 per share

Exercise price or zero price exercise option

Warrant term

3 years

Expiration from date of issuance

Registration file number

File No. 333-292412

Form S-1 registration statement

Nasdaq ticker

GTEC

Ordinary shares listed on Nasdaq Capital Market

Previous Offering Reports

1 past event · Latest: Jan 28

Same Type 1 event

1. Jan 28

   Equity offering pricing

   24h Move

   -18.5%

   Pricing of 5,083,330-unit underwritten offering at $1.20 triggered sharp decline.

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

Key Terms

underwritten public offering, warrant, registration statement on form s-1, prospectus, +1 more

5 terms

underwritten public offering financial

"announced the closing of its previously announced underwritten public offering of 5,083,330 units"

An underwritten public offering is when a company sells new shares of its stock to the public with the help of a financial firm, called an underwriter. The underwriter agrees to buy all the shares upfront, reducing the company's risk, and then sells them to investors. This process helps companies raise money quickly and confidently from a wide range of buyers.

warrant financial

"and four-fifths of one warrant (each, a "warrant" and collectively, the "warrants")"

A warrant is a time-limited financial contract that gives its holder the right to buy a company's shares at a set price before a specified date, like a coupon that lets you purchase stock at a fixed discount for a limited time. It matters to investors because warrants offer leveraged exposure to a stock’s upside and can dilute existing shareholders if exercised, so they affect potential gains and the company’s outstanding share count.

registration statement on form s-1 regulatory

"pursuant to a registration statement on Form S-1, as amended (File No. 333-292412)"

A registration statement on Form S-1 is a detailed filing a company submits to the U.S. securities regulator to register new shares for public sale; it includes a plain-language prospectus, financial statements, business description and risk factors. For investors it matters because it provides the official, comprehensive blueprint of the offering — like an owner’s manual — allowing buyers to assess risks, inspect financial health and compare valuation before deciding to invest.

prospectus regulatory

"The offering was made only by means of a prospectus forming part of the effective registration statement."

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

u.s. securities and exchange commission regulatory

"which was declared effective by the U.S. Securities and Exchange Commission (the "SEC")"

The U.S. Securities and Exchange Commission is a government agency responsible for overseeing the stock market and protecting investors. It sets rules to ensure that companies share truthful information and that trading is fair, helping to maintain trust in the financial system. This oversight is important because it helps prevent fraud and ensures that investors can make informed decisions.

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EAST WINDSOR, N.J., Jan. 29, 2026 /PRNewswire/ -- Greenland Technologies Holding Corporation (Nasdaq: GTEC) ("Greenland" or the "Company"), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, today announced the closing of its previously announced underwritten public offering of 5,083,330 units (the "Units") at a public offering price of $1.20 per Unit. Each Unit consists of one ordinary share of the Company (each, an "ordinary share" and collectively, the "ordinary shares") and four-fifths of one warrant (each, a "warrant" and collectively, the "warrants"), with each whole warrant exercisable for one ordinary share.

The Units were not certificated or issued as stand-alone securities. The ordinary shares and warrants included in the Units were immediately separable and were issued separately in the offering. The warrants are immediately exercisable upon issuance, have an exercise price of $1.20 per share, or by means of a zero price exercise, and will expire three years from the date of issuance. There is no established trading market for the Units or the warrants, and the Company does not intend to list the Units or the warrants on any securities exchange or other trading market. The ordinary shares are listed on The Nasdaq Capital Market under the symbol "GTEC."

The gross proceeds from the offering were approximately $6.1 million, before deducting underwriting discounts and other offering expenses payable by the Company. The Company intends to use the net proceeds from the offering for working capital and general corporate purposes.

The offering was conducted on a firm commitment basis. Joseph Stone Capital, LLC acted as the sole underwriter for the offering. Hunter Taubman Fischer & Li LLC acted as U.S. securities counsel to the Company, and Sichenzia Ross Ference Carmel LLP acted as U.S. securities counsel to Joseph Stone Capital, LLC in connection with the offering.

The offering was made pursuant to a registration statement on Form S-1, as amended (File No. 333-292412) (the "Registration Statement"), which was declared effective by the U.S. Securities and Exchange Commission (the "SEC") on January 26, 2026. The offering was made only by means of a prospectus forming part of the effective registration statement. A final prospectus related to the offering has been filed with the SEC and is available on the SEC's website at www.sec.gov. Electronic copies of the final prospectus may be obtained from Joseph Stone Capital, LLC, by standard mail to Joseph Stone Capital, LLC, 585 Stewart Ave, Suite L60-C, Garden City, NY 11530, via email at corporatefinance@josephstonecapital.com, or by telephone at +1 (888) 302-5548.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, 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 Greenland Technologies Holding Corporation

Greenland Technologies Holding Corporation (Nasdaq: GTEC) is a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles. For more information, please visit the Company's website at https://ir.gtec-tech.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts are forward-looking statements, including statements regarding the expected use of proceeds from the offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "potential," "continue" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Registration Statement, the Company's quarterly report on Form 10-Q, filed with the SEC on November 7, 2025, and other filings with the SEC.

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SOURCE Greenland Technologies Holding Corporation

FAQ

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

What did Greenland Technologies (GTEC) announce on January 29, 2026 about a public offering?

They closed an underwritten offering of 5,083,330 units at $1.20 each, raising about $6.1 million gross. According to the company, each unit contained one ordinary share and four‑fifths of a warrant, with warrants immediately exercisable and expiring three years from issuance.

How are the warrants in the GTEC offering structured and when do they expire?

Each unit included four‑fifths of a warrant; one whole warrant converts to one share and expires in three years. According to the company, warrants are immediately exercisable at $1.20 per share or by means of a zero price exercise.

How does the GTEC offering affect existing shareholders and potential dilution?

The offering increases outstanding shares and includes warrants that could convert to additional shares, creating dilution risk for current holders. According to the company, warrants are exercisable immediately at $1.20, which may expand share count if exercised.

What will Greenland Technologies (GTEC) use the net proceeds from the offering for?

Net proceeds will be used for working capital and general corporate purposes. According to the company, the funds are intended to support operational needs rather than funding a specific disclosed acquisition or project.

Who underwrote the GTEC offering and was the SEC registration effective?

Joseph Stone Capital, LLC acted as the sole underwriter for the transaction. According to the company, the Form S‑1 registration statement was declared effective by the SEC on January 26, 2026.