Huachen AI Parking Management Technology Holding Co., Ltd Announces Closing of US$2.75 Million Public Offering

HCAI completes a best-efforts registered offering, raising about US$2.75 million in equity and warrants for working capital and D&O insurance.

Rhea-AI Summary

Huachen AI Parking Management Technology Holding (HCAI) has closed a registered public offering of 2,750,000 Class A Ordinary Shares and accompanying Ordinary Warrants, each Unit priced at US$1.00.

The company raised total gross proceeds of approximately US$2.75 million before placement agent fees and other offering expenses. Each Ordinary Warrant allows purchase of one Class A Ordinary Share at an initial exercise price of US$1.00, is immediately exercisable, carries customary anti-dilution adjustments, and expires three years from issuance. HCAI plans to use net proceeds for working capital and to purchase directors and officers insurance. The offering was conducted on a best-efforts basis under an effective Form F-3 shelf registration.

Positive

• Gross proceeds of approximately US$2.75 million from the offering
• Warrants exercisable at US$1.00 may provide additional future capital if exercised
• Use of proceeds earmarked for working capital and D&O insurance coverage

Negative

• 2,750,000 new Class A Ordinary Shares issued, creating immediate shareholder dilution
• 2,750,000 Ordinary Warrants could add further dilution if exercised
• Gross proceeds are before placement agent, legal, administrative and other offering expenses

News Explained

The closing increases the share count by 2,750,000 Class A shares, reducing existing holders’ percentage ownership absent offsetting changes; exercising the 2,750,000 immediately exercisable warrants could create additional shares and further dilute ownership.

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-6.84% vs previous close $0.56 last price 229.9x rel. volume Open Argus

Details

Market Reaction – HCAI

+30.8% Peak in 0 min

$0.47 $0.85 Day Range

$4.58M Market Cap

Following this news, HCAI has declined 6.84%, reflecting a notable negative market reaction. Argus tracked a peak move of +30.8% during the session. Our momentum scanner has triggered 39 alerts so far, indicating elevated trading interest and price volatility. The stock is currently trading at $0.56. Trading volume is exceptionally heavy at 229.9x the average, suggesting significant selling pressure.

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Market Context

The stock is down -6.8% following this news. On Sep 15, HCAI fell 66.7% after pricing a comparable s...

Analysis

The stock is down -6.8% following this news. On Sep 15, HCAI fell 66.7% after pricing a comparable share-and-warrant offering; the closing followed that transaction under the company’s effective F-3 shelf dated Jun 5.

Key Figures

Shares issued: 2,750,000 Class A Ordinary Shares Warrants issued: 2,750,000 Ordinary Warrants Purchase price: $1.00 per share and accompanying warrant +4 more

Shares issued

2,750,000 Class A Ordinary Shares

Public offering closing

Warrants issued

2,750,000 Ordinary Warrants

Accompanying the issued shares

Purchase price

$1.00 per share and accompanying warrant

Public offering

Warrant exercise price

US$1.00 per share

Immediately exercisable warrants

Warrant term

Third anniversary of issuance date

Warrant expiration

Gross proceeds

US$2.75 million

Before offering-related fees and expenses

Shelf registration

Form F-3 filed June 5, 2026; effective June 12, 2026

Registration statement supporting the offering

Previous Offering,AI Reports

1 past event · Latest: Sep 15

Same Type 1 event

1. Sep 15

   Public offering pricing

   24h Move

   -66.7%

   Pricing of 2,750,000 shares and accompanying warrants at US$1.00 per unit

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

Key Terms

best-efforts basis, ordinary warrant, anti-dilution adjustments, shelf registration statement, +1 more

5 terms

best-efforts basis financial

"registered public offering conducted on a best-efforts basis"

An agreement made on a best-efforts basis means a party promises to try to achieve a result but does not guarantee it. In finance, it often appears in underwriting, placement, or sales arrangements where the seller or intermediary will work to sell securities or complete a transaction using reasonable effort but won’t be liable if full execution fails. Investors care because it affects how certain a deal’s completion and the flow of shares or capital are.

ordinary warrant financial

"the “Ordinary Warrant”"

A warrant is a tradable security that gives its holder the right, but not the obligation, to buy a company’s common shares at a set price before a specified expiry date; an "ordinary warrant" typically refers to a warrant linked to ordinary (common) shares rather than preferred stock or special classes. It matters to investors because warrants can increase or dilute share count, act like long‑dated call options that amplify gains or losses, and affect a company’s capital structure when exercised — think of them as coupons that let you buy future shares at today’s price.

anti-dilution adjustments financial

"subject to customary anti-dilution adjustments"

Anti-dilution adjustments are changes made to the ownership stakes or value of an investment to protect investors from having their shares become less valuable if the company issues new shares at a lower price. Imagine buying a piece of a pie, and then the pie is cut into more slices without increasing in size—these adjustments help ensure your slice still retains its worth. They matter to investors because they help preserve the value of their investment when the company’s share price drops.

shelf registration statement regulatory

"pursuant to the Company’s “shelf” registration statement"

A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.

form f-3 regulatory

"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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SHANGHAI, China, Sept. 16, 2026 (GLOBE NEWSWIRE) -- Huachen AI Parking Management Technology Holding Co., Ltd. (NASDAQ: HCAI, “HCAI” or “the Company”), a China based provider of equipment structural components and electric vehicle charging solutions and services, today announced the closing of its previously announced registered public offering conducted on a best-efforts basis.

The Company issued of an aggregate of 2,750,000 Class A Ordinary Shares, par value of US$0.0000375 per share, of the Company, and Ordinary Warrants to purchase up to 2,750,000 Class A Ordinary Shares (the “Ordinary Warrant”), at a purchase price of $1.00 per Class A Ordinary Share and accompanying Ordinary Warrant.

Each Ordinary Warrant is immediately exercisable upon issuance at an initial exercise price of US$1.00, which is equal to the public offering price per Unit. The exercise price is subject to customary anti-dilution adjustments in connection with share splits, share combinations, dividend distributions, subsequent equity sale and other corporate restructurings. Each Ordinary Warrant will expire on the third anniversary of the issuance date.

The Company received total gross proceeds of approximately US$2.75 million, prior to deducting placement agent fees, legal fees, administrative and other offering-related expenses. The Company intends to use the net proceeds from the offering for working capital purposes and for the purchase of insurance coverage for the Company’s directors and officers.

Maxim Group LLC acted as the sole placement agent for the offering. Ortoli Rosenstadt LLP acted as U.S. securities counsel to the Company, and Pryor Cashman LLP acted as U.S. securities counsel to the placement agent, in connection with the offering.

The offering was made pursuant to the Company’s “shelf” registration statement on Form F-3 (File No. 333- 296529), initially filed with the U.S. Securities and Exchange Commission (the “SEC”) on June 5, 2026 and declared effective on June 12, 2026. A prospectus supplement and accompanying base prospectus describing the terms of the offering has been filed with the SEC and is available on the SEC’s website at www.sec.gov.

This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. No offering, sale or solicitation shall be permitted in any jurisdiction where such offering or sale would be unlawful prior to registration, exemption or qualification under the local 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. 

Investor & Media Contact

Huachen AI Parking Management Technology Holding Co., Ltd
Alan Li
Email: ir@huachenai.com
Mobile: +852-95791074 

FAQ

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

What securities did HCAI issue in this public offering?

HCAI issued an aggregate of 2,750,000 Class A Ordinary Shares, par value US$0.0000375 per share, together with Ordinary Warrants to purchase up to 2,750,000 Class A Ordinary Shares. Each share was sold together with an accompanying Ordinary Warrant as a Unit at a purchase price of US$1.00 per Class A Ordinary Share and accompanying Ordinary Warrant.

What are the key terms of the Ordinary Warrants issued by HCAI?

Each Ordinary Warrant is immediately exercisable upon issuance, has an initial exercise price of US$1.00 per Class A Ordinary Share, and will expire on the third anniversary of the issuance date. The exercise price is subject to customary anti-dilution adjustments in connection with share splits, share combinations, dividend distributions, subsequent equity sales and other corporate restructurings.

How does HCAI intend to use the net proceeds from the offering?

HCAI intends to use the net proceeds from this offering for working capital purposes and for the purchase of insurance coverage for the company’s directors and officers.

Under what regulatory framework was this offering conducted?

The offering was made pursuant to HCAI’s “shelf” registration statement on Form F-3 (File No. 333-296529), which was initially filed with the U.S. Securities and Exchange Commission on June 5, 2026 and declared effective on June 12, 2026. A prospectus supplement and accompanying base prospectus describing the terms of the offering has been filed with the SEC and is available on the SEC’s website.

Who participated as advisors and agents in HCAI’s offering?

Maxim Group LLC acted as the sole placement agent for the offering. Ortoli Rosenstadt LLP served as U.S. securities counsel to the company, and Pryor Cashman LLP served as U.S. securities counsel to the placement agent.