E-Power Inc. (NASDAQ:EPOW) shares rose 11.14% to $4.19 in after-hours trading on Monday.

The China-based company, which primarily manufactures and sells graphite anode materials for lithium-ion batteries, closed the regular session at $3.77, down 12.12%, according to Benzinga Pro data.

Offering Puts Dilution in Focus

Last week, E-Power announced a securities purchase agreement with a non-U.S. investor for about $1.87 million in a registered direct offering.

The company agreed to sell 229,097 Class A ordinary shares at $3.60 each. It also agreed to sell pre-funded warrants for up to 292,393 shares at $3.59 each. The warrants are exercisable immediately at $0.01 per share.

E-Power said it will use net proceeds for working capital and general corporate purposes.

Florida-based investment bank FT Global Capital, Inc. is the exclusive placement agent.

Trading Metrics, Technical Analysis

E-Power has a market capitalization of $9.64 million, a 52-week high of $37 and a 52-week low of $3.44. The company has approximately 2.33 million shares outstanding.

The Relative Strength Index (RSI) of EPOW stands at 23.96.

The small-cap stock has declined 88.66% over the past 12 months.

The stock is currently trading near its 52-week low.

EPOW’s short interest stands at 8.3%.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo: tadamichi on Shutterstock.com

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.