Huachen $2.75 Million Offering

Huachen AI Parking Technology Announces $2.75 Million Registered Direct Offering

Huachen AI Parking Management Technology Holding Co., Ltd. (NASDAQ: HCAI), a China-based provider of equipment structural components and electric vehicle charging solutions, has announced a $2.75 million Registered Direct Offering. The Company has entered into securities purchase agreements with certain institutional investors for the purchase and sale of an aggregate of 2,750,000 Class A Ordinary Shares, par value of per share, and Ordinary Warrants to purchase up to 2,75,000 Additional Shares. The aggregate gross proceeds from the Offering are expected to be approximately $2,75 million. The transaction is expected to close on or about, subject to customary closing conditions. This press release contains forward-looking statements based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs.

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