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E-Power Inc. has released technical specifications regarding the mid-sulfur petroleum coke raw-material route used by its joint venture, Sunrise (Guizhou) New Energy Materials Co., Ltd., for graphite anode production.
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E-Power Inc. announced that its joint venture, Sunrise (Guizhou) New Energy Materials Co., Ltd., has received RMB 110 million of a RMB 200 million capital increase from an equity investment fund.
E-Power Inc.'s joint venture Sunrise Guizhou received RMB 110 million (approximately US$16.5 million) of a RMB 200 million capital increase from an investment fund, valuing the company at RMB 2.0 billion post-money on a fully funded basis. The funds will support capacity expansion, R&D, and new projects for the anode materials business. E-Power's stake in Sunrise Guizhou decreased from 39.35% to 37.09% following the registration.
E-Power Inc. Shares rose 11.14% after hours Monday, rebounding despite a sharp regular-session decline and recent share offering.
E-Power Inc. (NASDAQ: EPOW) announced a registered direct offering of approximately $1.87 million in Class A ordinary shares and pre-funded warrants to a non-U.S. investor. The offering includes 229,097 ordinary shares at $3.60 per share and pre-funded warrants to purchase 292,393 shares at $3.59 per warrant. The company plans to use net proceeds for working capital and general corporate purposes, with closing expected around September 30, 2026.