Recon Technology launches USD 100 million at-the-market equity offering program

Reuters2026/07/31 13:45

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Recon Technology set up an at-the-market equity offering program to sell up to USD 100 million of Class A ordinary shares.
Sales may occur from time to time at prevailing market prices, with timing, volume, pricing set at the company’s discretion.
Pacific Century Securities will act as exclusive sales agent or principal under the issuance sales agreement dated July 28, 2026.
Proceeds are earmarked for general corporate purposes, including working capital, capital spending, acquisitions, business development.
Offering size is capped by available shelf capacity or authorized but unissued Class A shares, whichever is lower.

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 PR Newswire (Ref. ID: 202607310945PR_NEWS_USPR_____CN16619) on July 31, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Recon Technology launches USD 100 million at-the-market equity offering program

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