newsfilter
← Latest News
PR Newswire·

Recon Technology, Ltd Announces $100 Million "At-the-Market" Equity Offering Program

RCON
  • Recon Technology, Ltd (NASDAQ: RCON) entered into an At-the-Market Issuance Sales Agreement dated July 28, 2026.
  • The Company may offer & sell Class A ordinary shares with an aggregate value of up to $100 million.
  • Pacific Century Securities, LLC serves as the exclusive sales agent or principal for the offering.
  • Sales will occur at prevailing market prices at the Company's discretion regarding volume & timing.
  • Proceeds will be used for general corporate purposes including working capital, operating expenses, capital expenditures, & potential acquisitions.
  • The offering is made under an effective Form F-3 shelf registration statement (No. 333-292540) filed with the SEC.
  • The maximum offering amount is capped at $100 million or the remaining shelf capacity, whichever is lower.
  • The total number of shares sold cannot exceed the Company's authorized but unissued Class A ordinary shares.
  • Kaufman & Canoles, P.C. acts as U.S. counsel for Recon, while McCarter & English, LLP represents the sales agent.
  • A prospectus supplement related to the ATM Program was filed with the SEC on July 28, 2026.