Seeking Alpha

Kandi Technologies raises $11M in private placement

  • Highflier Kandi Technologies (KNDI) raises some money with the direct placement of 606K shares to two institutional investors at $18.24 each for proceeds of about $11M. As part of the deal, the company also issues those investors 90.9K warrants struck at $22.80 per share and expiring in 18 months.
  • Shares -4% premarket to $20.31.
  • Press release
Comments (1)
  • losbronces
    , contributor
    Comments (636) | Send Message
    Interesting timing on the sale. If they had waited until after earnings, which they had to know would be good, they could have received a higher price.
    19 Mar, 09:27 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio: