Ezgo technologies ltd. announces closing of us$11.2 million firm commitment initial public offering

Jiangsu, china, jan. 29, 2021 (globe newswire) -- via newmediawire -- ezgo technologies ltd. (“ezgo” or “the company”) (nasdaq: ezgo), a leading short-distance transportation solutions provider in china, today announced the closing of its firm commitment initial public offering of 2,800,000 ordinary shares at a public offering price of $4.00 per share, for total gross proceeds of us$11.2 million, before deducting underwriting discounts, commissions and other related expenses. in addition, ezgo has granted the underwriters a 45-day option to purchase up to an additional 420,000 ordinary shares at the public offering price, less underwriting discount and commissions. the shares began trading on the nasdaq capital market on january 26, 2021 under the ticker symbol “ezgo”.
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