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LOBO Announces Pricing of $2 Million Public Offering
Globenewswire· 2026-03-24 02:00
Core Viewpoint - LOBO Technologies Ltd. has announced a public offering expected to raise approximately $2 million to fund development programs and general corporate purposes [1][3]. Offering Details - The offering consists of 3,921,567 units, each unit includes one Class A ordinary share, one Series A warrant, and one Series B warrant [2]. - The public offering price per unit is set at $0.51, while pre-funded units are priced at $0.509 [2]. - Each Series A and Series B warrant has an exercise price of $0.561 per Class A ordinary share, immediately exercisable upon issuance and expiring two years after the issuance date [2]. - The offering is expected to close on or about March 25, 2026, pending customary closing conditions [3]. Use of Proceeds - The net proceeds from the offering will be utilized for development programs, working capital, and other general corporate purposes [3]. Company Overview - LOBO Technologies Ltd. is a manufacturer of electric mobility products, specializing in eco-friendly electric vehicles and home-used robotic products [6]. - The product range includes e-bicycles, electric motorcycles, e-tricycles, solar-powered vehicles, and smart products aimed at promoting sustainable transportation [6].
LOBO Made a Splash at the 73rd PGA Show
Globenewswire· 2026-01-27 13:30
Core Insights - LOBO Technologies Ltd. made its debut at the PGA Show, showcasing its latest models of golf carts and sightseeing vehicles, highlighting its commitment to the U.S. market despite previous sales challenges [1][5]. Company Overview - LOBO Technologies Ltd. is a manufacturer of electric mobility products, specializing in eco-friendly electric vehicles and smart products, including e-bicycles, electric motorcycles, and solar-powered vehicles [5]. Industry Participation - The PGA Show, held from January 20th to 23rd, 2026, in Orlando, Florida, attracted over 33,000 golf industry professionals from 94 countries and featured more than 1,100 brands [2]. Product Highlights - LOBO's booth featured a unique triple-power system that integrates solar power, a gasoline range extender, and a battery, drawing significant attention from distributors across North America [3]. - The flagship model, "Lobo-1," includes a 15 kWh LFP battery, a 9 kW gasoline range extender, and a 1.2 kW solar panel, achieving "Infinite Range" through hybrid synergy [3]. Industry Reception - Industry professionals praised LOBO's vehicles for their design and innovation, with notable endorsements from figures like Joe, CEO of Treasure Coast Golf Carts LLC, who highlighted the vehicles' reliability and comfort [4]. Future Outlook - The CEO of LOBO expressed confidence in the company's growth in the U.S. market as relations between China and the U.S. stabilize, despite previous sales difficulties due to tariffs and market uncertainties [5].