Smart Powerr Corp. Files 8-K for Material Agreement
Ticker: CREG · Form: 8-K · Filed: Dec 31, 2024 · CIK: 721693
Sentiment: neutral
Topics: material-agreement, financial-statements, corporate-filing
TL;DR
Smart Powerr Corp. filed an 8-K on 12/31/24 for a material agreement. Keep an eye on this one.
AI Summary
Smart Powerr Corp. filed an 8-K on December 31, 2024, reporting a material definitive agreement and financial statements. The company, formerly known as China Recycling Energy Corp, is incorporated in Nevada and operates in business services.
Why It Matters
This filing indicates a significant contractual development for Smart Powerr Corp., which could impact its business operations and financial standing.
Risk Assessment
Risk Level: medium — The filing is a standard 8-K for a material agreement, but without details on the agreement itself, the risk level is moderate.
Key Players & Entities
- Smart Powerr Corp. (company) — Filer
- China Recycling Energy Corp (company) — Former company name
- China Digital Wireless Inc (company) — Former company name
- Boulder Acquisitions Inc (company) — Former company name
- December 31, 2024 (date) — Date of report
FAQ
What is the nature of the material definitive agreement filed by Smart Powerr Corp. on December 31, 2024?
The filing indicates the entry into a material definitive agreement, but the specific details of the agreement are not provided in the provided text.
What were Smart Powerr Corp.'s former names?
Smart Powerr Corp. was formerly known as China Recycling Energy Corp, China Digital Wireless Inc, and Boulder Acquisitions Inc.
In which state is Smart Powerr Corp. incorporated?
Smart Powerr Corp. is incorporated in Nevada.
What is the SIC code for Smart Powerr Corp.?
The Standard Industrial Classification (SIC) code for Smart Powerr Corp. is 7389, which falls under SERVICES-BUSINESS SERVICES, NEC.
What is the filing date and the period of report for this 8-K?
The filing date and the period of report for this 8-K are both December 31, 2024.
Filing Stats: 1,104 words · 4 min read · ~4 pages · Grade level 11.5 · Accepted 2024-12-31 16:30:36
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 CREG Nasdaq Stock Market Item 1.0
- $0.62 — of the Company, at a purchase price of $0.62 per share ("Purchase Price"), par value
- $0 — ase price of each Pre-Funded Warrant is $0.619, which equals the Purchase Price mi
- $1,940,800 — yable by the Company, are approximately $1,940,800 (assuming all Pre-Funded Warrants are e
Filing Documents
- ea0226397-8k_smart.htm (8-K) — 32KB
- ea022639701ex4-1_smart.htm (EX-4.1) — 88KB
- ea022639701ex10-1_smart.htm (EX-10.1) — 183KB
- 0001213900-24-114016.txt ( ) — 551KB
- creg-20241231.xsd (EX-101.SCH) — 3KB
- creg-20241231_lab.xml (EX-101.LAB) — 33KB
- creg-20241231_pre.xml (EX-101.PRE) — 22KB
- ea0226397-8k_smart_htm.xml (XML) — 4KB
01 Entry into a Material Definitive
Item 1.01 Entry into a Material Definitive Agreement. On December 25, 2024, SMART POWERR CORP. (the "Company", "we", "us" or "our") entered into securities purchase agreement (the "Securities Purchase Agreement") with certain purchasers ("Purchasers"), pursuant to which the Company has agreed to issue and sell an aggregate of (i) 900,000 shares of common stock (the "Shares") of the Company, at a purchase price of $0.62 per share ("Purchase Price"), par value $0.001 per share and (ii) pre-funded warrants (the "Pre-Funded Warrants") to purchase an aggregate of up to 2,340,000 shares of common stock (and the shares that are issuable from time to time upon exercise of the Pre-Funded Warrants (the "Pre-Funded Warrant Shares")), in a registered direct offering ("Offering") to certain Purchasers. The Purchase Price of each Share is $0.62. The purchase price of each Pre-Funded Warrant is $0.619, which equals the Purchase Price minus $0.001. The Pre-Funded Warrants will be exercisable immediately after issuance and will expire when the Pre-Funded Warrants are exercised in full. Pursuant to the Securities Purchase Agreement, we agreed, among other matters: not to issue any securities for a period of seven days following the execution of the Securities Purchase Agreement and the Pre-Funded Warrants; to indemnify the investors against certain losses resulting from our breach of any of our representations, warranties, or covenants under agreements with the investors as well as under certain other circumstances described in the Securities Purchase Agreement; and to grant the purchasers a right of participation in any issuance and offering of shares of Company's common stock or any securities of the Company or the Company's subsidiaries that we conduct within thirty days following the execution of the Securities Purchase Agreement and the Pre-Funded Warrants. The Offering is being made pursuant to a shelf registration statement (No. 333-281639) on Form S-3, which was decl
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits Exhibit Number Description of Exhibit 4.1 Form of Pre-Funded Warrants 10.1 Form of Securities Purchase Agreement between the Company and certain Purchasers, dated December 25, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SMART POWERR CORP. Date: December 31, 2024 By: /s/ Guohua Ku Name: Guohua Ku Title: Chief Executive Officer, and Chairman of the Board 3