Microvast Holdings Inc. has announced it has entered into a Controlled Equity Offering Sales Agreement with Cantor Fitzgerald & Co. and Needham & Company, LLC, acting as sales agents or principals. Under the agreement, Microvast may offer and sell up to $125 million of its common stock through at-the-market transactions. The shares will be issued under the company's effective shelf registration statement filed with the U.S. Securities and Exchange Commission. Microvast plans to use the net proceeds for general corporate purposes, which may include debt repayment, acquisitions, capital expenditures, and working capital. The agents will receive a commission of up to 3% of the gross proceeds from the offering.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Microvast Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000947871-25-000881), on October 03, 2025, and is solely responsible for the information contained therein.