Highpower International to sell 1M shares at $5.05 in registered direct offering Highpower International announced that it has entered into definitive purchase agreements with several institutional investors for the sale of its common stock in a registered direct offering. The company is selling 1,000,000 shares of common stock at a price of $5.05 per share, including warrants to purchase an additional 500,000 shares of common stock with an exercise price of $6.33 per share, for total estimated gross proceeds of approximately $5.05M. The offering is expected to close on or about April 17.
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