XCharge Announces Pricing of $4.375 Million Registered Direct Offering with a Single Global Institutional Investor

XCharge (Nasdaq: XCH) priced a registered direct offering of 7,000,000 ADSs to a single global institutional investor, expected to raise $4.375 million in gross proceeds.

Rhea-AI Summary

XCharge (Nasdaq: XCH) priced a registered direct offering of 7,000,000 ADSs to a single global institutional investor, expected to raise $4.375 million in gross proceeds. Closing is expected on or about June 29, 2026. Net proceeds will fund working capital and general corporate purposes.

Positive

• Raises approximately $4.375 million in gross proceeds to support operations
• Single global institutional investor participates in 7,000,000 ADS offering
• Registered direct offering utilizes an effective Form F-3 shelf registration

Negative

• Issuance of 7,000,000 new ADSs implies equity dilution for existing shareholders
• Net proceeds reduced by placement agent commissions and offering expenses

Argus Jun 26 session

-2.51% close to close Open Argus

Details

News Market Reaction – XCH

On Jun 26, the day this news came out, XCH closed 2.51% below the previous close.

Data tracked by StockTitan Argus for the Jun 26 session.

Key Figures

Registered direct gross proceeds: $4.375 million ADSs offered: 7,000,000 ADSs Expected closing date: June 29, 2026 +5 more

Registered direct gross proceeds

$4.375 million

Expected gross proceeds from June 2026 ADS offering

ADSs offered

7,000,000 ADSs

American depositary shares sold in registered direct offering

Expected closing date

June 29, 2026

Planned closing of registered direct offering, subject to conditions

ATM offering size

$50,000

Maximum size of at-the-market ADS offering per June 25, 2026 424B5

ATM ADSs sold

22,000 ADSs

ADSs sold under ATM program in prior 12 months

ATM gross proceeds

$25,018

Gross proceeds from ATM ADS sales over prior 12 months

2025 revenue

US$25.1 million

Full-year 2025 revenue reported in Form 20-F

Year-end cash

$11.4 million

Cash and equivalents as of Dec 31, 2025

Historical Context

5 past events · Latest: Jun 23

5 events

1. Jun 23

   Product launch

   24h Move

   +52.3%

   Entry into energy storage market with GridOne PV-ESS system launch.

2. Jun 17

   Product upgrade

   24h Move

   +8.4%

   Unveiled new generation C7 DC fast-charging station at Power2Drive Europe.

3. Jun 01

   Leadership change

   24h Move

   +0.0%

   Appointment of Albina Iljasov as Co-CEO to lead European operations.

4. Apr 29

   Award recognition

   24h Move

   +1.1%

   GridLink system wins 2026 Environment+Energy Leader innovation award.

5. Apr 27

   Annual report

   24h Move

   -5.7%

   20-F filed showing 2025 revenue decline and highlighting multiple risk factors.

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, american depositary shares, form f-3, prospectus supplement, +2 more

6 terms

registered direct offering financial

"for the purchase and sale of 7,000,000 of the Company’s American depositary shares (the “ADSs”) 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.

american depositary shares financial

"for the purchase and sale of 7,000,000 of the Company’s American depositary shares (the “ADSs”) in a registered direct offering."

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

form f-3 regulatory

"offered to the institutional investor described above are being offered pursuant to a registration statement on Form F-3 (File No. 333-292266)"

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.

prospectus supplement regulatory

"The offering is being made only by means of a prospectus supplement and accompanying prospectus which are a part of the effective registration statement."

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

at-the-market ads offering financial

"prospectus supplement that fixes the size of an at-the-market ADS offering at up to $50,000 of American Depositary Shares."

An at-the-market ADS offering is a way for a company to raise cash by selling American Depositary Shares (ADS)—certificates that let U.S. investors own foreign stock—directly into the open market at prevailing prices through a broker, instead of in one large deal. Think of it like turning on a faucet to sell small amounts over time rather than dumping a whole inventory at once; investors monitor the pace and size because it can dilute existing holdings and influence the share price and apparent demand.

restricted stock units financial

"She directly holds 3,000,000 Class A Ordinary Shares and 1,000,000 Restricted Stock Units."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

HAMBURG, Germany and MUNICH, June 26, 2026 (GLOBE NEWSWIRE) -- XCHG Limited ("XCharge" or the "Company") (Nasdaq: XCH), an integrated EV charging and energy solutions company, today announced that it has entered into a securities purchase agreement with a single global institutional investor for the purchase and sale of 7,000,000 of the Company’s American depositary shares (the “ADSs”) in a registered direct offering. The gross proceeds from the offering are expected to be approximately $4.375 million, before deducting placement agent commissions and other offering expenses.

The closing of the offering is expected to occur on or about June 29, 2026, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from the offering for working capital and general corporate purposes.

A.G.P./Alliance Global Partners is acting as the sole placement agent for the offering.

The ADSs offered to the institutional investor described above are being offered pursuant to a registration statement on Form F-3 (File No. 333-292266) which was declared effective by the Securities and Exchange Commission (the “SEC”) on January 29, 2026. The offering is being made only by means of a prospectus supplement and accompanying prospectus which are a part of the effective registration statement. A prospectus supplement and the accompanying prospectus relating to the registered direct offering will be filed with the SEC and will be available on the SEC's website at www.sec.gov. Additionally, when available, electronic copies of the prospectus supplement and the accompanying prospectus may be obtained from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at prospectus@allianceg.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About XCharge

XCharge (Nasdaq: XCH) is a global supplier of high-performance electric vehicle charging solutions and energy storage solutions. The Company has headquarters in Hamburg and Austin, working with a globally networked team to drive innovation in the field of energy and help its customers achieve long-term success.

Safe Harbor Statement

This press release contains forward-looking statements. Such statements are made pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about XCHG Limited's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "objective," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in XCHG Limited's filings with the United States Securities and Exchange Commission.

All information provided in this press release is as of the date of this press release, and XCHG Limited does not undertake any duty to update such information, except as required under applicable law.

For investor and media inquiries, please contact:

XCharge
IR Department
Email: ir@xcharge.com

FAQ

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

What did XCharge (Nasdaq: XCH) announce about its June 2026 stock offering?

XCharge announced a registered direct offering of 7,000,000 ADSs, expected to raise about $4.375 million in gross proceeds. According to XCharge, the offering is with a single global institutional investor and uses an effective Form F-3 shelf registration.

How much capital will XCharge (XCH) raise in its June 2026 registered direct offering?

XCharge expects gross proceeds of approximately $4.375 million from the sale of 7,000,000 ADSs. According to XCharge, this amount is before deducting placement agent commissions and other offering-related expenses, so net proceeds will be lower.

When is the closing date for the XCharge (XCH) $4.375 million registered direct offering?

The closing of XCharge’s registered direct offering is expected on or about June 29, 2026. According to XCharge, completion is subject to the satisfaction of customary closing conditions typically required for such securities transactions.

How will XCharge use the proceeds from its June 2026 registered direct offering of ADSs?

XCharge plans to use the net proceeds for working capital and general corporate purposes. According to XCharge, funds from the 7,000,000 ADS offering will support ongoing business needs rather than any specified acquisition or project.

Who is acting as placement agent for the XCharge (XCH) June 2026 ADS offering?

A.G.P./Alliance Global Partners is serving as the sole placement agent for XCharge’s registered direct offering. According to XCharge, the firm will arrange the sale of 7,000,000 ADSs and receive commissions and expenses from the transaction.

What type of securities is XCharge (XCH) issuing in the June 2026 offering and under which registration?

XCharge is issuing American depositary shares (ADSs) in a registered direct offering to a single institutional investor. According to XCharge, the ADSs are offered under an effective Form F-3 registration statement declared effective on January 29, 2026.