HiTek Global Inc. (HKIT) Form 6-K — Jun 4, 2026
HiTek Global Inc. closed a registered direct offering on June 3, 2026, raising $8 million in gross proceeds by selling 4 million Class A ordinary shares or pre-funded warrants at $2.00 per unit. The offering resulted in massive dilution, increasing the company's share count from approximately 846,000 pre-offering to nearly 20 million post-offering, assuming full exercise of the accompanying warrants.
Key figures
- Gross Proceeds
- 8000000
- Offering Price
- 2
- Shares Offered
- 4000000
- Shares Outstanding
- 19996474
- Warrant Ratio
- 3.8
- Warrant Exercise Price
- 4.5678
- Placement Agent Expenses
- 100000
- Placement Agent Fee Percent
- 7
- Pre Offering Shares Outstanding
- 846474
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