Greenland Technologies Closes Underwritten Public Offering With $6.1 Million Proceeds

Greenland Technologies Holding Corporation Closes Underwritten Public Offering

On January 29, 2026, Greenland Technologies Holding Corporation (Nasdaq: GTEC) announced the successful closing of its underwritten public offering, marking a significant milestone for the innovative company specializing in electric industrial vehicles and drivetrain systems. This strategic move aims to bolster its working capital and general operational needs, reinforcing its position within the electric vehicle sector.

Overview of the Offering

The public offering comprised 5,083,330 units, which were priced at $1.20 per unit. Each unit consists of one ordinary share of Greenland Technologies and four-fifths of one warrant. The overall structure of this offering was designed to attract a diverse set of investors interested in the company's growth trajectory and commitment to sustainability.

Each warrant included in the offering is immediately exercisable for one ordinary share at the same price of $1.20 and will remain valid for three years from the issuance date. Despite being a complex offering, the units were not sold as standalone securities and were instead distributed separately, allowing for greater flexibility on the part of investors.

Financial Impact and Future Plans

With gross proceeds of approximately $6.1 million, the funds from this offering are expected to significantly aid Greenland Technologies in advancing its technological developments and expanding its market reach. The net proceeds will primarily focus on enhancing working capital provisions and catering to essential corporate purposes.

The broader implications of this funding initiative align with the company's goal to fortify its electric industrial vehicles segment amid increasing global demand for sustainable transport solutions. Greenland Technologies’ commitment to innovation is reflected in its continuous development of advanced vehicle technologies designed to optimize efficiency in material handling and transportation industries.

Underwriter and Legal Considerations

The firm commitment basis of the offering was facilitated by Joseph Stone Capital, LLC, which acted as the sole underwriter. Additionally, legal counsel from Hunter Taubman Fischer Li LLC and Sichenzia Ross Ference Carmel LLP was utilized to navigate the regulatory landscape of the U.S. Securities and Exchange Commission (SEC) which oversees such offers.

The public offering adhered strictly to the guidelines outlined in the amended registration statement (File No. 333-292412), which received effectiveness from the SEC on January 26, 2026. All investors were duly informed through a prospectus that detailed the specifics and potential risks associated with the offered securities.

Conclusion

Greenland Technologies Holding Corporation continues to make significant strides in the electric vehicle sector, demonstrating its capability to attract essential capital for growth. As the company moves forward, its commitment to improving operational capabilities through innovative technology and sustainable practices positions it well within an evolving industry. Investors and stakeholders are keenly watching its next steps as it aims to carve out a prominent niche in the electric industrial vehicles market.

For further updates, the Company encourages interested parties to visit their website for the latest news and future developments regarding their offerings and corporate strategies.