|Over a month ago|
Greenland Technologies files to sell 5.15M ordinary shares for holders 16:3108/2608/26/22
Greenland Technologies announces $10M registered direct and private placement » 08:3207/2507/25/22
Greenland Technologies announced that it has entered into a definitive agreement with a single institutional investor for the purchase and sale of 1,250,000 ordinary shares and pre-funded warrants to purchase up to 398,974 ordinary at a purchase price of $4.17 per share in a registered direct offering. The purchase price for the pre-funded warrants is identical to the purchase price for shares, less the exercise price of $0.001 per share. In a concurrent private placement, the company also agreed to issue to the investor units to purchase pre-funded warrants to purchase up to 616,026 ordinary shares and common warrants to purchase 4,530,000 ordinary shares at an exercise price of $4.49 per share. The purchase price for each unit will be $5.089, with an exercise price per pre-funded warrant of $0.001 per share. The common warrants will have a 5.5-year term from the date of issuance. The aggregate gross proceeds to the company of both transactions are expected to be approximately $10M. The transactions are expected to close on or about July 27, subject to the satisfaction of customary closing conditions. Aegis Capital Corp. is acting as the exclusive placement agent.
|Over a quarter ago|
Greenland Technologies initiated with a Buy at Litchfield Hills » 06:4705/1805/18/22
Litchfield Hills analyst…
Litchfield Hills analyst Theodore O'Neill initiated coverage of Greenland Technologies with a Buy rating and $15 price target. The analyst believes the growth rate of the U.S. construction equipment market will be double the single digit annual growth rate of the existing construction market. Greenland is setting up its own showrooms and experience centers to demonstrate the benefits and operations of its electric construction equipment, creating a direct sales model like Tesla, O'Neill tells investors in a research note.
Greenland Technologies selects Baltimore County for manufacturing expansion » 08:0505/1605/16/22
Greenland Technologies has officially selected Baltimore County, Maryland for the next phase of the company's major U.S. expansion. With the formal selection of Baltimore County, Greenland plans to now move forward with an approximately 54,000 square-foot manufacturing facility, where it plans to create new full-time jobs. The facility which is expected to formally open in July, is central to the company's strategy of supporting the increased customer demand for its expanding line of electrical industrial vehicles. To support its expansion, the company has submitted a notice of intent to utilize the state's More Jobs for Marylanders program, administered by the Maryland Department of Commerce. The More Jobs for Marylanders program incentivizes new and existing manufacturers to create new jobs in the state, and to non-manufacturers that locate or expand in Maryland Opportunity Zones.
Greenland Technologies and Princeton NuEnergy announce new partnership » 08:0503/0803/08/22
Greenland Technologies Holding announced it entered into a new strategic partnership agreement with Princeton NuEnergy, a technology developer focused on developing second-life battery solutions and closed-loop lithium-ion battery recycling. Under the strategic partnership, the two companies will collaborate to create a safe and sustainable recycling solution for end-of-life lithium-ion batteries used in Greenland's electric industrial vehicles including electric forklifts, electric loaders and electric excavators to further minimize their environmental footprint.
Greenland Technologies, Cyngn announce strategic partnership » 08:0602/0302/03/22
Cyngn (CYN) and Greenland…
Cyngn (CYN) and Greenland Technologies (GTEC) announced they are embarking on a strategic partnership whereby Cyngn will bring its self-driving vehicle capabilities to Greenland forklifts with its proprietary Enterprise Autonomy Suite. Integration of EAS will enable Greenland forklifts to switch easily between fully autonomous, manual, and remotely-controlled modes. Organizations that run Cyngn's autonomous vehicle technology also gain access to a breadth of analytics and software tools to generate operational insights and optimizations.
Greenland Technologies signs EV distribution agreement in Morocco » 08:0201/2101/21/22
Greenland Technologies has signed a new distribution agreement with a minimum potential market value of $5M-$8.4M. The agreement includes both fixed and adjustable minimum purchase requirements across a multi-year term to accommodate Greenland's expanding electric industrial vehicle product line. The company's distribution partner, Elive Maroc, will have the exclusive right to market and sell Greenland's industrial EV vehicles in Morocco.