#United States #electric vehicles #East Windsor #Greenland Technologies #GTEC

Greenland Technologies Holding Corporation Pricing Announcement

On January 28, 2026, Greenland Technologies Holding Corporation (Nasdaq: GTEC), a pioneering developer and manufacturer specializing in electric industrial vehicles, announced the pricing for its underwritten public offering. This offering will comprise 5,083,330 units, each priced at $1.20. Each unit is made up of one ordinary share along with four-fifths of a warrant, designed to grow investor interest while supporting the company’s expansion goals.

Breakdown of the Offering

The structure of the offering is noteworthy. Each unit will not be issued as a stand-alone security, and the components—ordinary shares and warrants—will be separate and immediately available upon issuance. The warrants will be immediately exercisable, with an exercise price of $1.20 per share and a life of three years from the date of issuance. There's currently no established market for trading these units or warrants, and the company does not plan to list them on public exchanges.

Expected Proceeds and Utilization

The anticipated gross proceeds from this public offering are approximately $6.1 million, calculated before accounting for underwriting discounts and other offering-related expenses. Greenland intends to direct the net proceeds towards working capital needs and general corporate purposes to bolster its technological advancements and manufacturing capabilities.

The closing of the offering is projected for January 29, 2026, assuming customary closing conditions are met. Joseph Stone Capital, LLC is acting as the sole underwriter for this offering, emphasizing the firm commitment approach taken.

Registration Details

The offering is structured under a registration statement on Form S-1, which has been approved by the U.S. Securities and Exchange Commission (SEC). This offering is only being made through a prospectus that forms part of the effective registration statement, highlighting the transparency and regulatory compliance of the company.

For potential investors and interested parties, a final prospectus will be filed with the SEC and be accessible on their official website. Furthermore, electronic copies may be requested directly from Joseph Stone Capital, LLC, ensuring a straightforward process for stakeholders.

About Greenland Technologies

Greenland Technologies Holding Corporation (Nasdaq GTEC) stands at the forefront of development and manufacturing for cutting-edge electric industrial vehicles and drivetrain systems tailored for material handling applications. As the company navigates future opportunities, they remain committed to innovating within this evolving industry, making significant advancements in electric vehicle technology.

In conclusion, as the demand for electric industrial vehicles surges, Greenland Technologies prepares to leverage this public offering to further enhance its market position, demonstrating its commitment to sustainability and cutting-edge technology. Investors are advised to keep a close eye on future announcements and developments from the company as it endeavors to maximize stakeholder value and propel its industry leadership.