Kandi Technologies announces $71M direct common stock placement

|About: Kandi Technologies Group,... (KNDI)|By:, SA News Editor

Kandi Technologies (KNDI -8.5%) announces it entered into an agreement with select institutional investors for a $71M registered placement of common stock at a price of $17.20 per share.The company says the proceeds from the offering will be used for general working corporate purposes.

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