MingZhu Logistics prices 8M units at $1.00 in registered direct offering

Mingzhu Logistics (YGMZ) entered into a definitive securities purchase agreement with certain institutional investors for the purchase and sale of an aggregate of 8,000,000 units, consisting of one ordinary share of the Company, par value $0.128 per share,or in lieu thereof, a pre-funded warrant, and one common warrant, at a purchase price of $1.00 per Unit in a registered direct offering. The purchase price for the pre-funded warrants is identical to the purchase price for Ordinary Shares, less the exercise price of $0.128 per share. Each of the Warrants will have an exercise price of $1.00 per Class A Ordinary Share, will be immediately exercisable upon issuance, and will expire on the six-month anniversary of the issuance date. The aggregate gross proceeds to the Company of this offering are expected to be approximately $8M, before deducting placement agent fees and other offering expenses payable by the Company. The transaction is expected to close on or about November 26, 2025, subject to the satisfaction of customary closing conditions. Univest Securities is acting as sole placement agent for the offering.