EZGO Technologies Raises $12 Million in PIPE Share Offering to Non-U.S. Investors

EZGO Technologies ( (EZGO) ) has provided an update.

On January 5, 2026, EZGO Technologies Ltd. completed a private investment in public equity (PIPE) financing with certain non-U.S. investors, issuing 20 million ordinary shares at $0.60 per share for gross proceeds of $12 million. The shares were sold under Regulation S with customary transfer restrictions, and the company plans to use the net proceeds for general corporate purposes, providing additional liquidity to support its operations while potentially diluting existing shareholders but strengthening its capital position as a Nasdaq-listed foreign issuer.

The most recent analyst rating on (EZGO) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on EZGO Technologies stock, see the EZGO Stock Forecast page.

Spark’s Take on EZGO Stock

According to Spark, TipRanks’ AI Analyst, EZGO is a Neutral.

The score is primarily held back by weak financial performance—persistently large losses and ongoing negative free cash flow—despite only moderate leverage. Technicals also weigh on the score, with the stock in a clear downtrend below major moving averages and negative momentum. Valuation provides limited support because the company is unprofitable and there is no dividend yield data.

To see Spark’s full report on EZGO stock, click here.

More about EZGO Technologies

EZGO Technologies Ltd. is a British Virgin Islands-incorporated company listed on the Nasdaq Capital Market under the symbol “EZGO.” The company operates from Changzhou, Jiangsu, China, and is subject to ongoing reporting requirements under the U.S. Securities Exchange Act, positioning it as a cross-border, U.S.-listed foreign private issuer active in the broader technology and mobility space.

Average Trading Volume: 379,209

Technical Sentiment Signal: Sell

Current Market Cap: $1.8M

See more insights into EZGO stock on TipRanks’ Stock Analysis page.