BEIJING, March 13,
2024 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq:
NAAS) ("NaaS" or the "Company"), the first U.S. listed EV charging
service company in China, today
announced that it has entered into a definitive agreement with a
single, U.S. institutional investor for the purchase and sale of
4,761,905 American Depositary Shares ("ADS") together with warrants
to purchase up to 4,761,905 ADSs at a combined purchase price of
US$1.26 per
ADS and accompanying warrant (together the "Securities"),
pursuant to a registered direct offering for total gross proceeds
of approximately US$6 million, before deducting commissions
and other estimated offering expenses. The warrants will have an
exercise price of US$1.49, will be exercisable beginning six
months following the date of issuance and will expire five years
from the initial exercise date. The closing of the offering and
sale of the Securities is expected to occur on or about
March 15, 2024, subject to the
satisfaction of customary closing conditions.
This offering is being made pursuant to an effective shelf
registration statement on Form F-3 (File No 333-273515) previously
filed with the U.S. Securities and Exchange Commission (the "SEC").
A prospectus supplement describing the terms of the proposed
offering will be filed with the SEC and will be available on the
SEC's website located at http://www.sec.gov.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy these Securities, nor shall there
be any sale of these Securities in any state or other jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to the registration or qualification under the securities laws of
any such state or other jurisdiction.
About NaaS Technology Inc.
NaaS Technology Inc. (Nasdaq: NAAS) is the first U.S. listed EV
charging service company in China.
The Company is a subsidiary of NewLink Technology Limited, a
leading energy digitalization group in China. The Company provides one-stop solutions
to energy asset owners comprising charging services, energy
solutions and new initiatives, supporting every stage of energy
asset's lifecycle and facilitating energy transition. As of
September 30, 2023, NaaS had
connected 767,611 chargers covering 73,710 charging stations,
representing 41.6% and 50.0% of China's public charging market share
respectively.
Forward-Looking Statements
This press release contains certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934 and Private
Securities Litigation Reform Act, as amended, including those
relating to the timing and completion of the proposed offering and
other statements that are predictive in nature. These statements
may be identified by the use of forward-looking expressions,
including, but not limited to, "expect," "anticipate," "intend,"
"plan," "believe," "estimate," "potential," "predict," "project,"
"should," "would" and similar expressions and the negatives of
those terms. These statements relate to future events and involve
known and unknown risks, uncertainties and other factors which may
cause actual results, performance or achievements to be materially
different from any results, performance or achievements expressed
or implied by the forward-looking statements. Such factors include
the risk factors set forth in the NaaS Technology Inc. filings with
the SEC, including, without limitation, its Annual Report on Form
20-F for the year ended December 31,
2022 and its Current Reports on Form 6-K filed in 2023, as
well as the risks identified in the shelf registration statement
and the prospectus supplement relating to the offering. Prospective
investors are cautioned not to place undue reliance on such
forward-looking statements, which speak only as of the date of this
press release. NaaS Technology Inc. undertakes no obligation to
publicly update any forward-looking statement, whether as a result
of new information, future events or otherwise.
For investor and media inquiries, please contact:
Investor Relations
NaaS Technology Inc.
E-mail: ir@enaas.com
Media inquiries:
E-mail: pr@enaas.com
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SOURCE NaaS