Smart Powerr SEC Filings

Smart Powerr Corp. (CREG) reported Q3 2025 results showing a cash balance of $131,877,059 as of September 30, 2025, total assets of $132,973,469, liabilities of $14,754,746, and stockholders’ equity of $118,218,723.

For the nine months, revenue was $173,659, gross profit $79,631 (gross margin 46%), and the net loss was $2,429,650. For the quarter, net loss was $300,374. Operating cash flow was $64,443,002, investing cash flow $55,202,004, and financing inflow $9,865,400, reflecting the RMB476.0 million recovery of advances and full collection of a $55,945,372 short‑term loan earlier in 2025. Notes payable were $3,031,656 and taxes payable were $7,631,151 at quarter end.

The company is repositioning toward energy storage solutions and states it expects sufficient cash to fund operations for the next 12 months. Subsequent events include private placements: 17,000,000 units at $1.18 per unit and an issued 16,999,999 units at $1.305 for approximately $22,185,000. Shares outstanding were 20,809,123 as of November 13, 2025.

Smart Powerr Corp. (CREG) entered securities purchase agreements for a private placement of 17,000,000 Units at $1.18 per Unit, each Unit containing one common share and one five-year warrant exercisable at $1.416, for gross proceeds of $20,060,000. The company plans to use proceeds for working capital and general corporate purposes.

The company agreed to file a registration statement to register the resale of the shares issued and the shares underlying the warrants, with the initial filing due within 30 calendar days of closing. Warrants include a beneficial ownership cap of 4.99% (or up to 9.99% at holder election) and allow cashless exercise if no effective registration statement is available. Directors and executive officers agreed to a 90-day lock-up. The placement was structured to comply with Nasdaq Rule 5635(d). Closing remains subject to customary conditions, and no shares have been issued as of the report date.

Smart Powerr Corp. reported a material improvement in liquidity with $131,114,964 in cash at June 30, 2025, lifting total assets to $132.21 million and stockholders' equity to $116.09 million. The company generated $64,496,018 of net cash from operating activities, $55,202,004 from investing activities and received $9,865,400 from an equity issuance, producing a net increase in cash of $131,089,623.

Operationally, revenue remained modest at $82,839 for the six months with gross profit of $35,421, while the company recorded a six‑month net loss of $2,129,276 (accumulated deficit $64,185,659). Balance sheet and note detail show current liabilities of $12.74 million, notes payable of $4.42 million, taxes payable of $7.63 million (including a recorded transition tax of $7.61 million) and accrued litigation of $2.44 million. The company completed a 1-for-10 reverse stock split, reducing issued shares to approximately 2.53 million.

Smart Powerr Corp. (CREG) is soliciting proxies for its 2025 Annual Meeting to be held on September 22, 2025 to: elect five directors; ratify Enrome LLP as independent auditors; and approve an amendment to increase authorized common shares from 10,000,000 to 1,000,000,000. Stockholders of record as of August 1, 2025 may vote. At the close of business on July 30, 2025 the company reported 2,657,139 shares issued and outstanding.

Material items disclosed include a February 18, 2025 private placement to issue 8,029,851 shares at $0.67/share (aggregate up to $5,380,000) closed Feb 19, 2025, with CEO Guohua Ku purchasing 2,925,373 shares. The Company filed an Form S-8 on April 18, 2025 and granted 124,126 shares that vested immediately. Audit fees for 2024 were $200,000 (total fees $210,500). The filing also discloses that Mr. Ku serves as both CEO and Chairman and that the Board held one meeting in 2024.