GREENLAND TECHNOLOGIES HOLDING CORPORATION ANNOUNCES PRICING OF UNDERWRITTEN PUBLIC OFFERING

Rhea-AI Summary

Greenland Technologies (Nasdaq: GTEC) priced an underwritten public offering of 5,083,330 Units at $1.20 per Unit, generating gross proceeds of approximately $6.1 million. Each Unit includes one ordinary share and four-fifths of one warrant; warrants are immediately exercisable and expire three years after issuance.

The company expects to close on or about January 29, 2026, intends to use net proceeds for working capital and general corporate purposes, and engaged Joseph Stone Capital as sole underwriter.

Positive

• Gross proceeds approximately $6.1 million
• Proceeds earmarked for working capital and general corporate purposes
• Offering conducted on a firm commitment basis

Negative

• Warrants immediately exercisable with potential share dilution
• Warrants allow a zero price exercise, increasing dilution risk
• No secondary market planned for Units or warrants, reducing liquidity

News Market Reaction

-18.49%

25 alerts

-18.49% News Effect

-23.6% Trough in 4 hr 25 min

-$5M Valuation Impact

$21M Market Cap

0.8x Rel. Volume

On the day this news was published, GTEC declined 18.49%, reflecting a significant negative market reaction. Argus tracked a trough of -23.6% from its starting point during tracking. Our momentum scanner triggered 25 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $5M from the company's valuation, bringing the market cap to $21M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

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

8 metrics

Units offered 5,083,330 units Underwritten public offering size

Offering price $1.20 per Unit Public offering price per Unit

Warrant coverage 4/5 warrant per Unit Each Unit includes four-fifths of one warrant

Warrant exercise price $1.20 per share Exercise price per ordinary share

Warrant term 3 years Warrants expire three years from issuance

Gross proceeds $6.1 million Expected gross proceeds before expenses

Effective date January 26, 2026 S-1 registration statement declared effective

Expected closing date January 29, 2026 Offering expected closing, subject to conditions

Market Reality Check

Price: $0.9650 Vol: Volume 771,794 is 29% bel...

normal vol

$0.9650 Last Close

Volume Volume 771,794 is 29% below 20-day average of 1,091,442, suggesting no extreme activity. normal

Technical Trading at $1.20, which is below the 200-day MA of $1.48 and 58.9% under its 52-week high.

Peers on Argus

GTEC was down 10.45% while key peers were mixed: SYPR up 12.37%, WKSP up 1.03%, ...

1 Down

GTEC was down 10.45% while key peers were mixed: SYPR up 12.37%, WKSP up 1.03%, REE down 0.27%, PRTS down 1.52%, WPRT flat. Only one peer appeared in momentum scans, indicating the move looked stock-specific rather than sector-driven.

Market Pulse Summary

The stock dropped -18.5% in the session following this news. A negative reaction despite detailed di...

Analysis

The stock dropped -18.5% in the session following this news. A negative reaction despite detailed disclosure of this underwritten public offering fits concerns about dilution from 5,083,330 new units and warrant overhang at $1.20 per share. The move would align with typical pressure when capital is raised below prior trading levels. Future trading could hinge on how quickly the company converts the roughly $6.1 million in gross proceeds into accretive projects and whether further equity issuance occurs.

Key Terms

underwritten public offering, warrant, firm commitment basis, registration statement on Form S-1, +2 more

6 terms

underwritten public offering financial

"today announced the pricing of its 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

"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.

firm commitment basis financial

"The offering is being conducted on a firm commitment basis."

An agreement in which an underwriter agrees to buy an entire new stock or bond offering from a company and then resell it to the public, taking full responsibility for any unsold shares. Think of the underwriter as a store that buys all the inventory up front: this guarantees the company gets the money and gives investors certainty the deal will happen, while the underwriter’s risk and pricing choices can affect short‑term share availability and price stability.

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 is being made only by means of a prospectus forming part of the effective"

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.

Nasdaq Capital Market regulatory

"The ordinary shares are listed on The Nasdaq Capital Market under the symbol "GTEC.""

The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.

AI-generated analysis. Not financial advice.

EAST WINDSOR, N.J., Jan. 28, 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 pricing of its 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 will not be certificated or issued as stand-alone securities. The ordinary shares and warrants included in the Units are immediately separable and will be 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 are expected to be 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 is expected to close on or about January 29, 2026, subject to customary closing conditions

The offering is being conducted on a firm commitment basis. Joseph Stone Capital, LLC is acting as the sole underwriter for the offering.

The offering is being 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 is being made only by means of a prospectus forming part of the effective registration statement. A final prospectus related to the offering will be filed with the SEC and will be available on the SEC's website at www.sec.gov. Electronic copies of the final prospectus may be obtained, when available, 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 closing of the offering and 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

What did Greenland Technologies (GTEC) announce about the January 28, 2026 public offering?

Greenland priced 5,083,330 Units at $1.20 per Unit, raising about $6.1 million gross. According to the company, each Unit includes one ordinary share and four-fifths of a warrant, with warrants expiring three years after issuance.

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

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

When will the Greenland Technologies (GTEC) offering close and who is the underwriter?

The offering is expected to close on or about January 29, 2026 subject to customary conditions. According to the company, Joseph Stone Capital, LLC is acting as the sole underwriter on a firm commitment basis.

How does the GTEC offering affect shareholder dilution and liquidity?

The offering creates potential dilution because warrants are immediately exercisable and permit zero price exercise. According to the company, units and warrants will not be listed, which may limit public trading liquidity for those instruments.

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

The company intends to use net proceeds for working capital and general corporate purposes. According to the company, net proceeds will be applied broadly to support operations and corporate needs following closing.