CNANO(SH:688116) Zheng Quan Zhi Xing·2025-05-15 11:25Core Points - Jiangsu Cnano Technology Co., Ltd. is issuing A-shares to specific investors, with a total fundraising target of up to RMB 800 million [4][11][12] - The shares will be listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board after a six-month lock-up period [3][12] - The company specializes in the research, production, and sales of nano-level carbon materials, primarily carbon nanotubes, which are used in lithium batteries and new energy vehicles [3][4] Group 1: Issuance Details - The issuance will consist of no more than 23,717,758 shares, representing up to 30% of the company's total share capital before the issuance [9][10] - The issuance price is set at RMB 36.91 per share, which is not less than 80% of the average trading price over the 20 trading days prior to the pricing date [10][11] - The total amount raised from the issuance is RMB 799,999,963.22, with net proceeds after expenses amounting to RMB 787,116,308.19 [11][13] Group 2: Lock-up and Compliance - Shares acquired by investors will be subject to a six-month lock-up period post-issuance, during which they cannot be transferred [11][12] - The issuance process has been verified by the underwriters and legal counsel to ensure compliance with relevant regulations [5][11] Group 3: Investor Participation - A total of 37 investors submitted valid subscription documents, with 21 investors ultimately receiving allocations [6][9] - The investor pool includes various institutional investors, such as private equity funds and asset management companies [6][14][15]