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Recon Technology closes unregistered $18 million private placement at $0.3 per share

PUBT·04/16/2026 21:01:20
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Recon Technology closes unregistered $18 million private placement at $0.3 per share
  • Recon Technology priced an unregistered private placement of 60,000,000 Class A ordinary shares at USD 0.30 per share.
  • Gross proceeds totaled USD 18 million from 12 non-U.S. purchasers.
  • Transaction closed April 16, 2026.
  • Class A ordinary shares outstanding rose to 70,627,426 following closing.
  • Shares were sold under Section 4(a)(2) and Regulation S exemptions.


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. Recon Technology 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: 0001104659-26-044442), on April 16, 2026, and is solely responsible for the information contained therein.