LOBO EV (LOBO) Technologies announced that it is currently in advanced negotiations with Strattners. Under the terms of the agreement, the Company may, at its discretion, issue and sell ordinary shares to Strattners from time to time, subject to certain conditions and limitations. The equity facility doesn’t contain a volume-weighted average price mechanism or any volume-based pricing formula. The Company intends to use the proceeds from any issuance under the equity facility to support general corporate purposes, which may include working capital, capital expenditures, product development, and expansion initiatives.
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