[6-K] Sunrise New Energy Co., Ltd. Current Report (Foreign Issuer)
Sunrise New Energy Co., Ltd. completed a private placement of 7,000,000 Class A ordinary shares and warrants to purchase up to 3,500,000 additional shares. The securities were sold to three non-U.S. purchasers at a combined price of $0.80 per share and one-half warrant, generating approximately $5.6 million in gross proceeds before expenses. The company plans to use the net proceeds for working capital and other general corporate purposes, and issued the shares and warrants under Regulation S, which applies to offerings made outside the United States.
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Insights
Sunrise raised $5.6M via offshore equity and warrant financing.
Sunrise New Energy has closed a private placement of 7,000,000 Class A ordinary shares plus warrants for up to 3,500,000 additional shares. The combined price of $0.80 per share and one-half warrant results in gross proceeds of about
The securities were issued under Regulation S to purchasers who are not U.S. persons, which keeps the transaction outside the U.S. public registration framework. The company states that net proceeds will go to working capital and general corporate purposes, indicating a focus on near-term liquidity and operational funding rather than a specified project.
The warrants add potential future share issuance if exercised, though exact timing and exercise economics are not detailed in this excerpt. Subsequent disclosures in company reports can clarify how this financing fits into overall capital structure and future funding plans.