New YorkMay 21, 2026 /PRNewswire/ — Univest Securities, LLC, a member of FINRA and SIPC and a full-service investment banking and securities brokerage firm, today announced that it has completed a registered direct offering (the “Offering”) of approximately $2 million for its client Smart Powerr Corp. (the “Company”) (NASDAQ: CREG). Smart Powerr Corp. is an energy technology company headquartered in Xi’an, China, primarily providing waste energy recovery and energy-saving solutions for China’s high-energy-consumption industries, with a focus on build-operate-transfer projects and integrated energy storage solutions.
Under the terms of the securities purchase agreement, the Company agreed to sell 4,500,000 shares of common stock, par value $0.001 per share (the “Shares”), to certain investors at a price of $0.45 per share in the Offering.
Before deducting placement agent fees and other offering expenses payable by the Company, the total gross proceeds to the Company from the Offering were approximately $2 million.
Univest Securities, LLC acted as the sole placement agent for the Offering.
The registered direct offering was conducted pursuant to the Company’s previously filed shelf registration statement on Form S-3 (File No. 333-281639), which was submitted to the U.S. Securities and Exchange Commission (the “SEC”) and became effective on August 27, 2024. A final prospectus supplement and accompanying base prospectus detailing the terms of the Offering have been filed with the SEC and are available on the SEC’s website at www.sec.gov. Electronic copies may be obtained by contacting Univest Securities, LLC via email at info@univest.us, or by mail to: Univest Securities, LLC, 75 Rockefeller Plaza, Suite 25A, New York, NY 10019, or by phone at +1 (212) 343-8888. Additionally, electronic copies related to this Offering are also available on the SEC’s website at www.sec.gov.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, 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.