Business context and reporting period
E-Power Inc., a foreign private issuer, filed this Form 6-K for October 2026. It reports a registered direct offering agreed on September 29, 2026, and closed on September 30, 2026.
Offering and key financial details
- The company sold 229,097 Class A ordinary shares at $3.60 per share and pre-funded warrants to purchase up to 292,393 shares at $3.5904 per warrant, with a remaining exercise price of $0.0096 per share.
- The offering generated approximately $1.87 million in gross proceeds, before placement agent fees and other offering expenses. The company intends to use net proceeds for working capital and general corporate purposes.
- FT Global Capital, Inc. acted as exclusive placement agent on a best-efforts basis. Its compensation includes a cash fee equal to 7% of gross proceeds and reimbursement of certain expenses, capped at $40,000.
- The company also agreed to issue placement agent warrants for 26,074 shares, exercisable at $3.60 per share for three years.
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity balances, or other operating results for the reporting period.
Material changes and potential dilution
The transaction raises capital through newly issued shares and warrants, creating potential dilution. The pre-funded warrants were issued in part to address the purchaser’s 9.99% beneficial-ownership limit; they are immediately exercisable and remain exercisable until fully exercised. The placement agent warrants were not registered under the offering registration statement and were issued pursuant to an exemption from registration.
Guidance, risks, and contingencies
The filing provides no business or financial guidance. It states that forward-looking statements are subject to risks and uncertainties, including those described in the company’s Form 20-F for the year ended December 31, 2025, filed May 14, 2026, and other SEC filings. The company says it undertakes no obligation to update forward-looking statements. The purchase and placement agency agreements include customary representations, closing conditions, obligations, and termination provisions.
Important facts for investors to verify
- Final net proceeds after placement fees and all offering expenses.
- Whether and when the pre-funded and placement agent warrants are exercised, and the resulting dilution.
- The terms and conditions in the filed purchase agreement, warrant forms, and placement agency agreement.
- How the company uses the proceeds and the company’s current financial position, which this 6-K does not report.