HiTek Global Inc. (HKIT) Form 424B5 — Jun 3, 2026
HiTek Global Inc. (ticker: HKIT, CIK: 1742341) announced a registered direct offering of up to 19.15 million Class A ordinary shares, including shares underlying pre-funded warrants and ordinary warrants, for aggregate gross proceeds of up to $8 million. The offering price is $2.00 per share, representing a significant discount to the last reported market price of $6.58 on June 1, 2026. The offering includes 4 million ordinary warrants with an exercise price of $4.5678, but these warrants contain a 'zero price exercise' feature.
Key figures
- Net Proceeds
- 7160000
- Gross Proceeds
- 8000000
- Offering Price
- 2
- Shares Offered
- 19150000
- Shares Outstanding
- 846474
- Floor Price
- 1.5751
- Ordinary Warrants
- 4000000
- Last Reported Price
- 6.58
- Pre Funded Warrants
- 3830000
- Placement Agent Fee Amount
- 560000
- Placement Agent Fee Percent
- 7
- Net Tangible Book Value Per Share
- 4.29
- Ordinary Warrant Exercise Price
- 4.5678
- Adjusted Net Tangible Book Value Per Share
- 3.48
Price after filing
Close on the filing date to close N calendar days later (from $0.45). Historical, not a forecast.
AI analysis
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