NINGBO, China, Aug.  07, 2026  (GLOBE NEWSWIRE) -- PN Smart Energy Limited (NASDAQ:PN) (the &#34;Company&#34;), a global independent power producer (IPP) focused on the development of clean power stations, critical

PN Smart Energy Limited Announces Pricing of $5.0 Million Registered Direct Offering

PN Smart Energy to raise $5 million in direct offering to fund transition

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>NINGBO, China, Aug.  07, 2026  (GLOBE NEWSWIRE) -- PN Smart Energy Limited (NASDAQ:PN) (the &amp;#34;Company&amp;#34;), a global independent power producer (IPP) focused on the development of clean power stations, critical</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>PN Smart Energy announced a registered direct offering to raise up to 1.43 million Class A shares and pre-funded warrants at $3.50, targeting roughly $5 million for working capital. Closing is expected by August 10, 2026. The funds help PN accelerate its shift from solar manufacturing toward developing and operating clean-energy power-generation assets.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>PN Smart Energy plans to raise up to 1,428,572 Class A shares and pre-funded warrants.</li><li>Pricing at $3.50 per share; gross proceeds expected about $5.0 million.</li><li>Closing anticipated around August 10, 2026; funds for general working capital.</li><li>FT Global Capital is exclusive placement agent; offering under a shelf registration Form F-3.</li><li>PN is transitioning from solar manufacturing to power-generation assets as part of a long-term strategy.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>PN Smart Energy Limited (PN)</strong>: Issuer; financing broadens equity base and funds transition toward IPP-scale clean energy.</li><li><strong>FT Global Capital, Inc.</strong>: Exclusive placement agent for the offering; no direct market impact indicated.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The article covers a financing transaction tied to PN&#039;s strategic transition, a common yet market-sensitive event for microcaps that can affect liquidity and share count.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>dilutive equity raise of up to 1.43 million shares at $3.50 per share may pressure PN&#039;s stock in the near term.</li><li>Approx. $5.0 million gross proceeds improves working capital, potentially enabling growth initiatives.</li><li>Closing date around August 10, 2026 creates a defined near-term catalyst and potential volatility.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Offering: up to 1,428,572 Class A ordinary shares and pre-funded warrants.</li><li>Purchase price: $3.50 per Ordinary Share (or $3.498 per pre-funded warrant).</li><li>Gross proceeds: about $5.0 million before fees and expenses.</li><li>Closing: expected on or about August 10, 2026.</li><li>Placement agent: FT Global Capital, Inc.</li><li>Registration: shelf Form F-3 (File No. 333-295378) filed with the SEC.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Near-term dilution pressure may weigh on PN; liquidity boost could support longer-term growth.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">NINGBO, China, Aug.  07, 2026  (GLOBE NEWSWIRE) -- PN Smart Energy Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/PN">PN</a>) (the "Company"), a global independent power producer (IPP) focused on the development of clean power stations, critical energy materials, and intelligent energy infrastructure, today announced that it has entered into a securities purchase agreement with an institutional investor for the sale of up to 1,428,572 Class A ordinary shares (par value $0.002 per share) (the "Ordinary Shares") and pre-funded warrants in a registered direct offering of its securities at a purchase price of $3.50 per Ordinary Share (or $3.498 per pre-funded warrant, representing the $3.50 per share purchase price less a $0.002 per share exercise price) (together, the "Securities"). The gross proceeds from the offering are expected to be $5.0 million, before deducting placement agent fees and other offering expenses. The Company intends to use the net proceeds from the offering for general working capital purposes. The closing of the offering is expected to occur on or about August 10, 2026, subject to the satisfaction of customary closing conditions.</p>  <p align="justify">FT Global Capital, Inc. is acting as the exclusive placement agent for the offering.</p>  <p align="justify">The Securities are being offered pursuant to an effective "shelf" registration statement on Form F-3 (File No. 333-295378) previously filed with the U.S. Securities and Exchange Commission (the "SEC") and declared effective on April 30, 2026, under the Securities Act of 1933, as amended (the &#34;Securities Act&#34;). A prospectus supplement describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC&#39;s website at <a href="https://www.globenewswire.com/Tracker?data=br3zfUfYeEtYyHhy0KTAkJ0SMWKCYc3ylBqG2fqrb_MfoMUEbqbypA6-0vQkU6SE4AeHtAujRPHa1iddWcKYMw==" rel="nofollow" target="_blank">http://www.sec.gov</a>.</p>  <p align="justify">This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.</p>  <p align="justify"><b>About PN Smart Energy Limited</b></p>  <p align="justify">PN Smart Energy Limited is an emerging independent power producer and clean energy infrastructure company. While the Company’s current revenue is anchored in solar equipment, manufacturing-including solar cables, inverters, and energy storage distribution, it is strategically transitioning toward power generation assets. The Company develops and operates solar and wind power plants as an IPP, with the long-term goal of becoming a vertically integrated smart energy company that powers the future through clean energy. For more information, please visit the Company&#39;s investor relations website at <a href="https://www.globenewswire.com/Tracker?data=SPoPGR0oxFOxaGzMA3ICAHs_i-kR3FQPtW9k4QFmRIrSSxch_aU3by0W6gDlJZc0IuFeLVj89T48AoqqRVmned1Lb8_gkwgDEqhW0Va-QZydHOM6tH4t7xKgjV3yVFazL7gZIjVqNMy8DX8UFqyWRI4sx2co_MFdLRsRbtbQ-ZiLsRo2QqSxeIPkeRT4JQiYZD0l3k5ow8f44AnPziVKpXwzFeUz4xGxdFNcxch9HxCvocxL0qZ_ZTWzLS6nkM1-d6BKT7EY038FA0tM9FCp83tlLSorPCzbbAL9X2xsZhAYgqW1eXsp8cirxrV2kIBaYkjTDT9hGgnMiOv2gjzyO7IBxanIQ8W2ogiOdx5pxqm_SdBpzRKTKYfsb8L34R-C8nsvpjtRs3topLpBX7awupXxee8EU17HvfvSLFDo4ACbAE2i_5cBAHn4Th5lNZuwHMEDiNKS7_akVBrlriDREApzbOpj-kxLJmvZzk1OKnhBp7-HXpFo2AJjMiAejvOpZldvtAGiIJ0NlAmrR1F-IhQ7OeDVDTspeqvxvH9Ddtaqp_Lk0rOs73XiAVxO42lw" rel="nofollow" target="_blank">https://ir.pnsmartenergy.com/</a>.<br></br></p>  <p align="justify"><b>Forward-looking Statements</b></p>  <p align="justify">This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, factors discussed in the "Risk Factors" section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at <a href="https://www.globenewswire.com/Tracker?data=U0bz0NUPMoDdYzo1mtbPnXy6L6FBUb3oh0lw4Y6UhkDUI1vsGgqknvIAi5pF06hMowporB92PvAE3-RLhprKBmCG-cXpMweBv_ogoP0aR-EgLEcFJP_d0UK3QK0POC0bXYeQopHeFFOahgmJePkBJGYd0movC45jK5_7srGgYBr-zltof-VOiOPgre_411ZbCGPBvpRVO4W4aWud1QRrPMBz58Y2bA9AYSk-yCA7asda2OxTjjZvtVkOh1SX47bRYS8bAAs21Y1iwVTbstHvuJKgvItcKKPsY_Jro0SNNF9fLtvAVAMLYzvgM0DEzZqJiQdel_UfAXUqvQEVNGAPCwn16yMuZ7TuOX5Bntt9Mv5AkX_hHiygGeZdMv5ZeMvTSvNtRpcoAcH-ruAkhCz5meEJw9QJLIdh-vuzy70tjGc=" rel="nofollow" target="_blank">www.sec.gov</a>. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.</p>  <p align="justify"><b>For more information, please contact:</b><br></br>PN Smart Energy Limited<br></br>Cathy Li<br></br>Investor Relations<br></br>Email: <a href="https://www.globenewswire.com/Tracker?data=iiI-mPFLlUEM8S8xJpmVZ80IQ7vVH5Eqn7KVEzwHlPz7Bi1Lmq8Lcb3DLRATUtBK7olfIU_WqDTKCEPxkN6-kKFhK1Y5QbufgTp-eLKXNWaceoewUZ_DX2PNvHUgG7A69ARucHgp8pRJ2wmjPtGVHyZFIKdkI_s4HoCOGm1n62r_L8mKGhvZYF_zH0f0xakFFz9_tl7DpUl_lLR_BajSS6r8y1_riZC0OtRprV8es2uySzcWw5Zv28CAT62OL8M5WqpV4cNr69I5yydgjTL397aPCUFNEPxGXH2c0wplsOofpru-rvZfruosWQ53U_7iGvDmHlFVbjbj32nlWEVhtagIkzgW_BIJV4fJ8yw6Iknxq_63uvd1ciCqwoK3gtN6DRWj8sQUBbfo8l4U5o7y8BmlNksyLYy7asvQGKiDWcEmM_a8CcA3YW6u0RWQnuT_lod5ymYUpW00ykxWbdG2OKcKNWMyDoLltZ5BMr1B4JOs4UL7vhoaZ_XvWuprDrl0" rel="nofollow" target="_blank">ir@pnsmartenergy.com</a><br></br>Tel: +1 574 575 7170</p>  <p align="justify">WFS Investor Relations Inc.<br></br>Connie Kang<br></br>Partner<br></br>Email: <a href="https://www.globenewswire.com/Tracker?data=oqC4KsamUOPgwrWVhYAxLMt0vRNx12aVvjbXGvuCwnYIizTyhirDu7KTfG9P50hMuSYPDvnQmOdym0beSFqmjQb1ZfcVOwLqOBBIPXmxyGegMLpqfn7jc4pJ9Xnf_gs9coCouGRhsVM9-FOMIeijMPqpu9umMXxDoX7MsPvO4DuWV45xBP67GDq5SL08ezHYq0DhVwIC6zHMoX0JLmj_WVHPqgMnO1IBm92wAopdJV18jXWhGBvYXTzgd9VIRQi6Gs8FSYe1ny5E_LVjqRg2DXagfk5RFQdYyq3kk7vqwHw9Ts6kCxasSB0xnyQRippHIOFDSCjCvt_ueif711Z5_hSBnIglN8-gJsbD5rHD7aCox8TFqN3JWXc_k4OXL3UWsEkcllcqhrRUhelqerCipEST8iBNS-Y6YUHy2NvjuXUnvCLr0RDM9N-dzPzkPjfF64vevnC7QASYjQXe8eQrUwuwSN1ewQf96YgH6p6b354=" rel="nofollow" target="_blank">ckang@wfsir.com</a><br></br>Tel: +1 628 283 9214</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTgwNTk3OCM3NzY1MTYzIzUwMDEzMjg5Ng=="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/Y2U4YzA2MTEtNTE4Yi00ZGE2LWFmZDYtYzYxZWQ1NDhmYjkyLTUwMDEzMjg5Ni0yMDI2LTA4LTA3LWVu/tiny/PN-Smart-Energy-Limited.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/1fc621ce-5a50-4481-bd4f-beaa79800cfc"><img src="https://ml.globenewswire.com/media/1fc621ce-5a50-4481-bd4f-beaa79800cfc/small/logo-jpg.jpg" border="0" width="150" height="66" alt="Primary Logo"></img></a></p>

PN Smart Energy announced a registered direct offering to raise up to 1.43 million Class A shares and pre-funded warrants at $3.50, targeting roughly $5 million for working capital. Closing is expected by August 10, 2026. The funds help PN accelerate its shift from solar manufacturing toward developing and operating clean-energy power-generation assets.

News insight

PN Smart Energy Limited Announces Pricing of $5.0 Million Registered Direct Offering

AI summary

Sentiment rationale

Key facts

Corporate Developments