E-Power Shares Rise Over 11% After Hours - E Power (NASDAQ:EPOW)

E-Power Inc. (NASDAQ:EPOW) shares jumped 11.14% to $4.19 in after-hours trading on Monday after closing the regular session at $3.77, down 12.12%, according to Benzinga Pro data. The China-based company manufactures and sells graphite anode materials for lithium-ion batteries. The move followed last week’s announcement of a securities purchase agreement for about $1.87 million via a registered direct offering. E-Power agreed to sell 229,097 Class A ordinary shares at $3.60, plus pre-funded warrants for up to 292,393 shares at $3.59, exercisable immediately for $0.01. Net proceeds are earmarked for working capital and general corporate purposes.