EZGO sells 325,000,000 shares via ATM, raises gross US$24.92 million

• EZGO Technologies entered an at-the-market equity distribution agreement with AC Sunshine Securities, allowing sales of up to USD 100 million of ordinary shares.
• Issued 325,000,000 ordinary shares under the program as of May 14, 2026, raising gross proceeds of about USD 24.92 million.
• Net proceeds totaled about USD 21.84 million, reflecting a 3% sales agent commission and other offering expenses.
• Had 345,884,745 ordinary shares outstanding as of May 14, 2026, with about USD 75.08 million of remaining capacity under the facility.
• Proceeds earmarked for general corporate purposes, including working capital and investment in R&D and sales channel expansion at its U.S. subsidiary.

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. EZGO Technologies Ltd. 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: 0001213900-26-060570), on May 22, 2026, and is solely responsible for the information contained therein.