Of course definitive answers matter. I've emailed IR asking for clarification. Bothers me that I have to do this when they STATED in the 8K the two institutions are identified in the signature page of the 8K...they are not.
Am I the only serious person on this pathetic board who actually reads the SEC documents?
Correction and some profit taking after huge rally and some SHORTERS who believe this is a HYPE... But it is not... It is a company solving a HUGE problem in CHINA and the rest of the WORLD...
Sentiment: Strong Buy
This is from the 8k:
Item 1.01 Entry into a Material Definitive Agreement.
As disclosed in Kandi Technologies Group, Inc.'s (the “Company”) Current Report on Form 8-K filed with the Securities and Exchange Commission on March 19, 2014, the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with certain purchasers identified on the signature pages thereto (the “Buyers”) pursuant to which the Company will sell to the Buyers, in a registered direct offering, an aggregate of 606,000 shares (the “Shares”) of common stock, par value $0.001 per share (“Common Stock”), at a negotiated purchase price of $18.24 per share, for aggregate gross proceeds to the Company of approximately $ 11,053,440 , before deducting fees to the placement agent and other estimated offering expenses payable by the Company. As part of the transaction, the Buyers will also receive 90,900 warrants for the purchase of up to 90,900 shares of our Common Stock at an exercise price of $22.80 per share (the “Warrants”). The Warrants have a term of eighteen months and are exercisable by the holders at any time after the date of issuance.
here is what the signature page looks like:
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
KANDI TECHNOLOGIES GROUP, INC.
Date: March 20, 2014 By: /s/ Hu Xiaoming
Its: Chief Executive Officer and Chairman of the
Board of Directors