Smart Powerr Corp. (NASDAQ:CREG) announced a $2 million registered direct offering on Monday.
The company will sell common stock at $0.45 per share, totaling approximately $2 million.
Shares surged 145% in the past week but remain down 92% over the past year.
The transaction is expected to close on or about May 20, 2026.
Univest Securities is acting as the sole placement agent.
Based in Xi'an, China, Smart Powerr focuses on waste energy recycling and energy efficiency solutions.
The company is transitioning to an energy storage integrated solution provider.
