Huachen AI Parking Management Technology Holding Co., Ltd. Announces Pricing of $2.75 Million Registered Direct Offering
Huachen secures a US$2.75 million registered direct financing with share-and-warrant units sold to institutional investors.
Rhea-AI Summary
Huachen AI Parking Management Technology Holding (HCAI) priced a registered direct offering of 2,750,000 Class A Ordinary Shares and accompanying warrants on September 15, 2026 at US$1.00 per share and warrant.
The transaction is expected to generate approximately US$2.75 million in gross proceeds before fees and expenses. Investors will also receive Ordinary Warrants to purchase up to 2,750,000 additional Class A Ordinary Shares, exercisable immediately at US$1.00 per share and expiring three years from issuance, with customary anti-dilution adjustments. The closing is expected on or about September 16, 2026, subject to customary conditions, and the offering is made under Huachen’s effective Form F‑3 shelf registration.
Positive
- US$2.75 million expected gross proceeds from the registered direct offering
- Sale of 2,750,000 shares and matching warrants completed at a set price of US$1.00
- Warrants for up to 2,750,000 additional shares are immediately exercisable, potentially adding capital
Negative
- Issuance of 2,750,000 new shares creates immediate shareholder dilution
- Warrants for another 2,750,000 shares may lead to further future dilution
News Explained
Closing would add 2,750,000 shares and can be followed by another 2,750,000 through warrants, diluting existing ownership while net cash is below gross proceeds.
The disclosed sale would add
The accompanying warrants could create a further, conditional issuance of up to
A registered direct offering is a negotiated sale of registered securities to selected investors, rather than a broad public offering.
The stated
Details
Market Reaction – HCAI
Following this news, HCAI has declined 67.12%, reflecting a significant negative market reaction. Argus tracked a trough of -23.0% from its starting point during tracking. Our momentum scanner has triggered 29 alerts so far, indicating elevated trading interest and price volatility. The stock is currently trading at $0.61. Trading volume is exceptionally heavy at 595.6x the average, suggesting significant selling pressure.
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Key Figures
- Shares offered
- 2,750,000 Class A ordinary shares
- Registered direct offering
- Gross proceeds
- $2.75 million
- Expected gross proceeds before offering-related expenses
- Purchase price
- $1.00 per share
- Includes one accompanying Ordinary Warrant
- Warrants issued
- 2,750,000 Ordinary Warrants
- Accompanying the offered shares
- Warrant exercise price
- $1.00
- Immediately exercisable upon issuance
- Warrant term
- Third anniversary of issuance
- Expiration term
- Offering registration
- Form F-3
- Registration statement effective June 12, 2026
Key Terms
registered direct offering financial
ordinary warrant financial
anti-dilution adjustments financial
form f-3 regulatory
prospectus supplement regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
Shanghai, China, Sept. 15, 2026 (GLOBE NEWSWIRE) -- Huachen AI Parking Management Technology Holding Co., Ltd. (NASDAQ: HCAI, “Huachen” or the “Company”), a China‑based provider of equipment structural components and electric vehicle charging solutions and services, today announced that it has entered into securities purchase agreements with certain institutional investors for the purchase and sale of an aggregate of 2,750,000 Class A Ordinary Shares, par value of US
Each Ordinary Warrant will be immediately exercisable upon issuance at an initial exercise price of US
The transaction is expected to close on or about September 16, 2026, subject to the satisfaction of customary closing conditions.
Maxim Group LLC is acting as the sole placement agent for the offering. Ortoli Rosenstadt LLP is acting as U.S. securities counsel to the Company, and Pryor Cashman LLP is acting as U.S. securities counsel to the placement agent, in connection with the Offering.
The registered direct offering is being made pursuant to the Company’s registration statement on Form F-3 (File No. 333-296529) previously filed with the U.S. Securities and Exchange Commission (“SEC”), which was declared effective by the SEC on June 12, 2026. A prospectus supplement relating to the securities will be filed by the Company with the SEC. All information filed with the SEC can be obtained over the internet on the SEC’s website located at http://www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, NY 10022, at (212) 895-3745 or by email at syndicate@maximgrp.com.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
About Huachen AI Parking Management Technology Holding Co., Ltd.
Huachen AI Parking Management Technology Holding Co., Ltd. is an exempted company incorporated under the laws of the Cayman Islands. Through its operating subsidiaries in the People's Republic of China, the Company focuses on the provision of equipment structural components and electric vehicle charging solutions and services.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. 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,” “potential,” “continue,” “is/are likely to” or other similar expressions, and includes such statements regarding timing of closing, satisfaction of closing conditions, and expected proceeds from the offering. 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.
These forward-looking statements are subject to substantial risks and uncertainties that may cause actual results, performance or achievements to differ materially from those expressed or implied, including without limitation: the Company’s ability to complete the Offering in accordance with the expected timeline and terms; satisfaction of closing conditions; the planned use and actual deployment of net proceeds; adverse changes in global market conditions and capital market sentiment; risks relating to the Company’s business strategy adjustment and asset optimization; the ability to maintain the Company’s Nasdaq listing status; changes in industry policies and regulatory rules; future capital financing needs; and other risk factors disclosed in the Company’s periodic filings and subsequent submissions with the SEC, including its Annual Report on Form 20-F.
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 Company’s registration statement and in its other filings with the U.S. Securities and Exchange Commission.
Contact
Huachen AI Parking Management Technology Holding Co., Ltd
Alan Li: ir@huachenai.com
Mobile: +852-95791074
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
When is the Huachen registered direct offering expected to close?
The transaction is expected to close on or about September 16, 2026, subject to the satisfaction of customary closing conditions.
What are the key terms of the Ordinary Warrants issued in this offering?
Each Ordinary Warrant allows its holder to purchase one Class A Ordinary Share at an initial exercise price of US$1.00 per share. The warrants are exercisable immediately upon issuance, include customary anti-dilution adjustments for corporate actions such as share splits or combinations, dividends, and certain equity sales, and will expire on the third anniversary of the issuance date.
Under which SEC registration is this offering being conducted and how can investors access the materials?
The registered direct offering is being made under Huachen’s shelf registration statement on Form F-3 (File No. 333-296529), which was declared effective by the SEC on June 12, 2026. A prospectus supplement will be filed with the SEC, and electronic copies of the final prospectus supplement and accompanying prospectus may be obtained, when available, from Maxim Group LLC or via the SEC’s website at http://www.sec.gov.