E-Power closes offering for about $1.87M gross
The offering generated approximately $1.87 million in gross proceeds, with net proceeds intended for working capital and general corporate purposes.
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Rhea-AI Filing Summary
E-Power Inc. completed a registered direct offering of 229,097 Class A ordinary shares at $3.60 per share and pre-funded warrants to purchase up to 292,393 Class A ordinary shares at $3.5904 per warrant. The warrants are exercisable immediately at $0.0096 per share. The offering closed on September 30, 2026, and E-Power received approximately $1.87 million in gross proceeds before placement agent fees and other offering expenses. The Company intends to use net proceeds for working capital and general corporate purposes.
E-Power agreed to pay FT Global Capital, Inc., its exclusive placement agent, a cash fee equal to 7.0% of gross proceeds and certain expenses subject to a $40,000 aggregate cap. E-Power also agreed to issue the agent or its designees 26,074 warrants with a $3.60 exercise price and a three-year term; those warrants were not registered under the registration statement.
Filing Explained
The purchaser received the pre-funded warrants because buying the shares directly would have put it and its affiliates above 9.99% ownership; exercise can still add shares, reducing existing holders’ percentage ownership absent offsetting changes.
Key Figures
Key Terms
Registered Direct Offering financial
Pre-Funded Warrants financial
best efforts financial
Placement Agent Warrants financial
beneficially owning financial
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of October 2026
Commission File Number: 001-40008
E-Power Inc.
Room 703, West Zone, R&D Building
Zibo Science and Technology Industrial Entrepreneurship Park, No. 69 Sanying Road
Zhangdian District, Zibo City, Shandong Province
People’s Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form 40-F ☐
INFORMATION CONTAINED IN THIS FORM 6-K REPORT
On September 29, 2026, E-Power Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with the investor named therein (the “Purchaser”), pursuant to which the Company agreed to issue and sell, in a registered direct offering (the “Registered Direct Offering”), (i) an aggregate of 229,097 Class A ordinary shares of the Company, par value US$0.0025 per share (the “Shares”), at a purchase price of $3.60 per Share, and (ii) pre-funded warrants to purchase up to an aggregate of 292,393 Class A ordinary shares (the “Pre-Funded Warrants”), at a purchase price of $3.5904 per Pre-Funded Warrant, with a remaining exercise price of $0.0096 per Class A ordinary share.
The Registered Direct Offering closed on September 30, 2026. The Company received approximately $1.87 million in gross proceeds from the Registered Direct Offering, before deducting placement agent fees and other offering expenses. The Company intends to use the net proceeds from the Registered Direct Offering for working capital and general corporate purposes.
The Pre-Funded Warrants were issued to the Purchaser, whose purchase of Class A ordinary shares in the Registered Direct Offering would otherwise have resulted in the Purchaser, together with its affiliates, beneficially owning more than 9.99% of the Company’s outstanding Class A ordinary shares immediately following the consummation of the Registered Direct Offering. The Pre-Funded Warrants are exercisable immediately upon issuance and may be exercised at any time until all of the Pre-Funded Warrants are exercised in full.
The Purchase Agreement contains customary representations, warranties, and agreements by the Company, customary conditions to closing, other obligations of the parties, and termination provisions.
The Shares, the Pre-Funded Warrants and the Class A ordinary shares issuable upon exercise of the Pre-Funded Warrants were offered by the Company pursuant to a registration statement on Form F-3 (File No. 333-297688) (the “Registration Statement”), previously filed and declared effective by the U.S. Securities and Exchange Commission (the “Commission”) on July 30, 2026, the base prospectus filed as part of the Registration Statement, and the prospectus supplement dated September 29, 2026.
On September 29, 2026, the Company entered into a placement agency agreement (the “Placement Agency Agreement”) with FT Global Capital, Inc. (“FT Global” or the “Placement Agent”), pursuant to which the Company engaged FT Global as the exclusive placement agent in connection with the Registered Direct Offering on a reasonable “best efforts” basis. The Company agreed to pay the Placement Agent a cash fee equal to seven percent (7.0%) of the aggregate gross proceeds raised in the Registered Direct Offering and to pay certain expenses of the Placement Agent in connection with the Registered Direct Offering, subject to an aggregate cap of $40,000.
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Pursuant to the Placement Agency Agreement, the Company also agreed to issue to the Placement Agent or its designees warrants to purchase an aggregate of 26,074 Class A ordinary shares (the “Placement Agent Warrants”), representing five percent (5.0%) of the aggregate number of Shares and Class A ordinary shares underlying the Pre-Funded Warrants sold in the Registered Direct Offering. The Placement Agent Warrants have an exercise price of $3.60 per Class A ordinary share and have a term of three years. The Placement Agent Warrants and the Class A ordinary shares issuable upon exercise were not registered under the Registration Statement and were offered and issued pursuant to an exemption from registration under the Securities Act of 1933, as amended.
The foregoing summaries of the Purchase Agreement, the Pre-Funded Warrants, the Placement Agency Agreement, and the Placement Agent Warrants do not purport to be complete and are subject to, and qualified in their entirety by, such documents, copies of which are filed as Exhibits 10.1, 4.1, 10.2 and 4.2, respectively, hereto and incorporated by reference herein.
Copies of the opinions of Ogier (Cayman) LLP and Hunter Taubman Fischer & Li LLC relating to the legality of the issuance and sale of the securities offered in the Registered Direct Offering, as applicable, are filed as Exhibits 5.1 and 5.2 hereto, respectively.
This report is incorporated by reference into the Registration Statement, to be a part thereof from the date on which this report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.
This report shall not constitute an offer to sell any securities or a solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Forward-Looking Statements:
This report contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. All statements other than statements of historical facts included in this report are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the Company’s current beliefs, expectations, and assumptions regarding the future of its business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control. The Company’s actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause the Company’s actual results and financial condition to differ materially from those indicated in the forward-looking statements include the risks and uncertainties described in the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2025, filed with the Commission on May 14, 2026, and the Company’s other filings with the Commission. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise.
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Exhibit Index
| Exhibit No. | Description | |
| 4.1 | Form of Pre-Funded Warrant | |
| 4.2 | Form of Placement Agent Warrant | |
| 5.1 | Opinion of Ogier (Cayman) LLP | |
| 5.2 | Opinion of Hunter Taubman Fischer & Li LLC | |
| 10.1 | Securities Purchase Agreement, dated September 29, 2026, by and between the Company and the Purchaser named therein | |
| 10.2 | Placement Agency Agreement, dated September 29, 2026, by and between the Company and FT Global Capital, Inc. | |
| 23.1 | Opinion of Ogier (Cayman) LLP (included in Exhibit 5.1) | |
| 23.2 | Consent of Hunter Taubman Fischer & Li LLC (included in Exhibit 5.2) | |
| 99.1 | Press Release on Pricing of the Company’s Registered Direct Offering |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| E-Power Inc. | ||
| Date: October 6, 2026 | By: | /s/ Haiping Hu |
| Name: | Haiping Hu | |
| Title: | Chief Executive Officer | |
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Exhibit 99.1
E-Power Inc. Announces Pricing of Approximately $1.87 Million Registered Direct Offering
DOVER, USA, Sept. 29, 2026 (GLOBE NEWSWIRE) -- E-Power Inc. (the “Company” or “E-Power”) (NASDAQ: EPOW), a provider of AI Data Center (AIDC) microgrid solutions and advanced battery materials, today announced that it has entered into a securities purchase agreement with a certain non-U.S. investor to purchase approximately $1.87 million of its Class A ordinary shares (the “Ordinary Shares”) (and pre-funded warrants in lieu thereof) in a registered direct offering.
Pursuant to the securities purchase agreement, the Company agreed to issue and sell 229,097 Ordinary Shares, par value $0.0025 per share, at a purchase price of $3.60 per share, and pre-funded warrants to purchase up to 292,393 Ordinary Shares at a purchase price of $3.59 per pre-funded warrant. The pre-funded warrants are exercisable immediately upon issuance at a nominal exercise price of $0.01 per Ordinary Share and will expire when exercised in full.
The gross proceeds to the Company from the offering are expected to be approximately $1.87 million, before deducting placement agent fees and other estimated offering expenses payable by the Company. The Company intends to use the net proceeds from this offering for working capital and general corporate purposes.
The offering is expected to close on or about September 30, 2026, subject to the satisfaction of customary closing conditions.
FT Global Capital, Inc. is acting as the exclusive placement agent for the offering.
The Ordinary Shares and the pre-funded warrants are being offered pursuant to a registration statement on Form F-3 (File No. 333-297688), which was declared effective by the Securities and Exchange Commission (the “SEC”) on July 30, 2026. A final prospectus supplement and accompanying prospectus describing the terms of the offering will be filed with the SEC and will be available on the SEC’s website at http://www.sec.gov.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any of these securities, 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 E-Power Inc.
E-Power Inc., through its subsidiaries, joint venture and variable interest entity structure, is engaged in the manufacturing and sale of graphite anode material for lithium-ion batteries. Through its joint venture, the Company operates a plant in Guizhou Province, China, powered by electricity from renewable sources, which contributes to the plant’s competitive production costs and reduced environmental impact in the production of graphite anode material. Mr. Haiping Hu, the founder, CEO and Chairman of the Company, has been a pioneer in the graphite anode industry since 1999. The Company’s management team is composed of experts with years of experience and successful track records in the graphite anode industry. For further information, please visit the Company’s website at www.sunrisenewenergy.com.
Forward-looking statement
Certain statements in this press release regarding the Company’s future expectations, plans and prospects constitute forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about the anticipated closing of the offering, the anticipated use of proceeds from the offering, plans, goals, objectives, strategies, future events, expected results, assumptions, and any statements that are not historical facts. Words such as “may,” “will,” “plan,” “anticipate,” “should,” “believe,” “expect,” “estimate,” and similar words, shall be regarded as forward-looking statements. Due to various factors, the actual results may differ materially from the historical results or from those expressed or implied by these forward-looking statements. These factors include, but are not limited to, the satisfaction of customary closing conditions related to the offering, the timing of the completion of the offering, the Company’s ability to use the net proceeds from the offering as intended, market and other conditions and the impact thereof on the completion of the offering, the Company’s strategic objectives, the Company’s future plans, market demand and user acceptance of the Company’s products or services, technological updates, economic trends, the Company’s reputation and brand, the impact of industry competition, relevant policies and regulations, China’s macroeconomic conditions, international market conditions, and other related risks and assumptions. In view of the above and other related reasons, we advise investors not to place undue reliance on these forward-looking statements, and we urge investors to visit the website of the United States Securities and Exchange Commission to review the Company’s filings, including its registration statement on Form F-3 and the related prospectus supplement for this offering, for other factors that may affect the Company’s future operating results. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
For more information, please contact:
The Company: IR Department
Email: IR@sunrisenewenergy.com
Phone: +1 4084890472