Here are the 424B prospectus supplements from PN Smart Energy Limited (PN) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow PN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PN filings page.
PN Smart Energy Limited is conducting a primary offering of 854,000 Class A ordinary shares at $3.00 per share and pre-funded warrants to purchase up to 881,000 Class A shares at a nominal exercise price of $0.002 per share.
The aggregate offering amount is $5.205 million, with placement fees of 7% and estimated net proceeds of about $4.48 million, to be used for working capital and general corporate purposes. Class A shares trade on Nasdaq under “PN”; the pre-funded warrants will not be listed.
Before the deal, there were 7,744,775 Class A and 6,155,250 Class B shares outstanding; after, Class A will rise to 8,598,775 (or 9,479,775 if all warrants are exercised). The company is a Cayman holding entity whose operations are conducted through PRC subsidiaries and is subject to China-related legal, cash-transfer, and HFCAA trading risks.