XCharge Shares Fall 20% on $4.4M Offering

Announcement

XCharge Ltd ADR (NASDAQ:XCH) disclosed a registered direct offering with a single institutional investor, under a securities purchase agreement to sell 7 million American depositary shares. The transaction is expected to generate gross proceeds of approximately $4.375 million before deduction of placement agent commissions and other offering expenses.

Pricing Impact

Following the announcement, XCharge’s shares fell 20.5 % in pre‑market trading on Friday, and the stock was reported to have tumbled about 19 % overall.

Transaction Details

The offering is slated to close on or about June 29 2026, subject to customary closing conditions. A.G.P./Alliance Global Partners is acting as the sole placement agent. Net proceeds are intended for working capital and general corporate purposes.

Company Profile

XCharge operates globally as a supplier of electric‑vehicle charging solutions and energy storage systems, with headquarters in Hamburg, Germany, and Austin, Texas, USA.