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Powertech Technology : Board resolved the discontinuance of the private placement approved by 2021 annual general shareholders’ meeting.

HORIZON TECHNOLOGY FINANCE CORP : Entry into a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K)
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Provided by: Powertech Technology Inc.

SEQ_NO

4

Date of announcement

03/10/2022

Time of concert

15:22:59

Subject

 Powertech Technology's Board resolved the
discontinuance of the private placement approved
by 2021 annual general shareholders' meeting.

Date of events

03/10/2022

To which item it meets

paragraph 16

Statement

1.Date of the board of directors resolution for the change:2022/03/10
2.Effective registration date of the original plan:N/A
3.Resolution date of additional issuance of the original plan:N/A
4.Reason for the change:
  The authority granted by 2021 annual general shareholders' meeting for
  the private placement. Considering the private placement will be expired
  and no suitable strategic investor(s), the Board has resolved to
  discontinue the private placement offering.
5.Content of each and every successive previously changed plan for raising
of funds before and after change:N/A
6.Projected timetable for execution:N/A
7.Projected completion date:N/A
8.Projected possible benefits:N/A
9.Difference from original projected benefits:N/A
10.Effect of the current change on shareholder equity:N/A
11.Abstract of the original lead underwriter's appraisal opinion:N/A
12.Any other matters that need to be specified:None.

Disclaimer

Powertech Technology Inc. published this content on 10 March 2022 and is responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 March 2022 07:32:08 UTC.

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Net income 2022 9 255 M
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Net Debt 2022 8 112 M
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P/E ratio 2022 8,06x
Yield 2022 6.92%
Capitalization 72 711 M
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EV / Sales 2022 0,89x
EV / Sales 2023 0.73x
Nbr of Employees 10 755
Free-Float 93.1%

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