EZGO Technologies details ATM share sales and proceeds

EZGO Technologies Ltd. reports activity under its at-the-market share sales program.

Rhea-AI Filing Summary

EZGO Technologies Ltd. reports activity under its at-the-market share sales program. As of May 14, 2026, the company had issued 325,000,000 ordinary shares under the ATM facility, generating gross proceeds of approximately US$24,917,861 and net proceeds of approximately US$21,837,965 after commissions and expenses.

As of the same date, EZGO had 345,884,745 ordinary shares issued and outstanding and approximately US$75,082,138 of remaining capacity available under the US$100,000,000 ATM facility, which remains in effect. The company expects to use the net proceeds for general corporate purposes, including working capital, business development initiatives and capital expenditures, mostly for R&D and sales channel expansion of its U.S. subsidiary.

Insights

Capital markets analyst

EZGO taps its ATM program for funding while retaining sizable remaining capacity.

EZGO Technologies has used its at-the-market equity program to issue 325,000,000 ordinary shares, raising approximately US$21,837,965 in net proceeds. This represents active use of an existing capital-raising mechanism rather than a newly established financing structure.

The ATM facility totals US$100,000,000, and approximately US$75,082,138 of capacity remained as of May 14, 2026, so further issuances are possible. Management states that proceeds will support general corporate purposes, emphasizing R&D and U.S. sales channel expansion, but the actual impact depends on execution of these initiatives.

Key Figures

Shares issued under ATM: 325,000,000 ordinary shares Gross proceeds from ATM: US$24,917,861 Net proceeds from ATM: US$21,837,965 +4 more

7 metrics

Shares issued under ATM 325,000,000 ordinary shares Issued under Sales Agreement as of May 14, 2026

Gross proceeds from ATM US$24,917,861 Aggregate gross proceeds from ATM issuances

Net proceeds from ATM US$21,837,965 After 3.0% commission and offering expenses

ATM facility size US$100,000,000 Total capacity of at-the-market facility

Remaining ATM capacity US$75,082,138 Available for sale as of May 14, 2026

Shares outstanding 345,884,745 ordinary shares Issued and outstanding as of May 14, 2026

Sales agent commission rate 3.0% Commission on gross proceeds under Sales Agreement

Key Terms

at the market offerings, shelf registration statement, Form F-3, Form S-8, +1 more

5 terms

at the market offerings financial

"AC Sunshine Securities LLC, as sales agent in “at the market offerings” (the “ATM facility”)"

At-the-market offerings are a way for a company to raise cash by selling newly issued shares directly into the open market at the current trading price through a broker, rather than in a single large sale. Think of it like topping up a gas tank a little at a time at whatever the pump price is; it gives the company flexibility to raise money when conditions are favorable but can increase the number of shares outstanding and dilute existing investors, and frequent or large sales can put downward pressure on the stock price.

shelf registration statement regulatory

"under the Company’s effective shelf registration statement on Form F-3"

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

"under the Company’s effective shelf registration statement on Form F-3 (File No. 333-291823)"

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.

Form S-8 regulatory

"Registration Statement on Form S-8 (File No. 333-285024), as amended"

A Form S-8 is a U.S. Securities and Exchange Commission registration that lets a public company set aside shares for employee benefit plans and stock-based compensation. Think of it as opening a dedicated account that authorizes the company to issue or reserve stock for workers and directors; it matters to investors because it enables share dilution when those awards are granted or exercised and signals how management is compensated and incentivized.

net proceeds financial

"the Company received net proceeds of approximately US$21,837,965"

The amount of money a company actually keeps from a sale or fundraising after paying all direct costs and fees, similar to take-home pay after taxes and deductions. Investors care because net proceeds determine how much cash is available for things that affect value—paying debt, funding projects, buying assets, or returning money to shareholders—so it influences future growth potential and financial health.

FAQ

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

How much has EZGO (EZGO) raised through its ATM share sales?

EZGO has raised approximately US$24,917,861 in gross proceeds through its at-the-market share sales facility. After a 3.0% sales agent commission and other offering expenses, the company received about US$21,837,965 in net proceeds to fund its operations and growth plans.

How many shares did EZGO (EZGO) issue under the ATM facility?

EZGO issued 325,000,000 ordinary shares under its at-the-market facility as of May 14, 2026. Following these issuances, the company reported 345,884,745 ordinary shares issued and outstanding on that date, reflecting substantial use of the program.

What remaining capacity does EZGO (EZGO) have under its US$100 million ATM program?

As of May 14, 2026, EZGO had approximately US$75,082,138 of remaining capacity under its US$100,000,000 at-the-market share sales facility. This remaining capacity allows the company to continue selling additional ordinary shares over time if it chooses.

How does EZGO (EZGO) plan to use the ATM net proceeds?

EZGO plans to use net proceeds for general corporate purposes, including working capital, business development and capital expenditures. The company highlights that spending will be focused mostly on R&D and sales channel expansion for its U.S. subsidiary to support growth.

Is EZGO’s (EZGO) at-the-market sales agreement still in effect?

Yes, the company states that the Sales Agreement remains in effect. This means EZGO can continue to sell ordinary shares from time to time under its existing at-the-market facility, subject to the remaining capacity and market conditions.

Which registration statements cover EZGO’s ATM share sales?

EZGO’s at-the-market share sales are made under its effective shelf registration statement on Form F-3 (File No. 333-291823) and related prospectus supplement. The Form 6-K information is also incorporated by reference into that Form F-3 and a Form S-8.

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

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Accepted by SEC EDGAR 05/22/2026 - 04:15 PM EDT Learn about SEC filing dates

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 May 2026

Commission File Number: 001-39833

EZGO Technologies Ltd.

(Translation of registrant’s name into English)

Building #A, Floor 2, Changzhou Institute of Dalian University of Technology,

Science and Education Town,

Wujin District, Changzhou City

Jiangsu, China 213164

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐ 

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

As previously disclosed, on April 2, 2026, EZGO Technologies Ltd. (the “Company”) entered into a sales agreement (the “Sales Agreement”) with AC Sunshine Securities LLC, as sales agent in “at the market offerings” (the “ATM facility”), pursuant to which the Company may offer and sell from time to time up to US$100,000,000 of ordinary shares of no par value (the “Ordinary Shares”), under the Company’s effective shelf registration statement on Form F-3 (File No. 333-291823) and the related prospectus supplement dated April 8, 2026.

As of May 14, 2026, the Company issued an aggregate of 325,000,000 Ordinary Shares under the Sales Agreement, resulting in gross proceeds of approximately US$24,917,861. After payment of the sales agent commission of 3.0% of the gross proceeds and certain other offering expenses, the Company received net proceeds of approximately US$21,837,965. As of May 14, 2026, the company has 345,884,745 Ordinary Shares issued and outstanding.

As of May 14, 2026, the Company has approximately US$75,082,138 of remaining capacity available for sale under the ATM facility. The Sales Agreement remains in effect.

The Company expects to use the net proceeds from the ATM facility for general corporate purposes, including working capital, business development initiatives and capital expenditures, mostly for the R&D and sales channel expansion of the company's US subsidiary.

The information contained in this current report on Form 6-K is hereby incorporated by reference into the Company’s Registration Statement on Form F-3 (File No. 333-291823) and Registration Statement on Form S-8 (File No. 333-285024), as amended.

This current report on Form 6-K shall not constitute an offer to sell or the solicitation of an offer to buy any securities.

1 

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.

	EZGO Technologies Ltd.
	By:	/s/ Jianhui Ye
	Name:	Jianhui Ye
	Title:	Chief Executive Officer

Date: May 22, 2026

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