EX-99.2 3 ea166935ex99-2_powerbridge.htm PRICING SUPPLEMENT OF THE SECOND ADVANCE UNDER THE STANDBY EQUITY PURCHASE AGREEMENT

Exhibit 99.2

 

PRICING SUPPLEMENT OF THE SECOND ADVANCE UNDER THE STANDBY EQUITY PURCHASE AGREEMENT

 

Terms used herein shall be deemed to be defined as such for the purpose of the terms and conditions of the standby equity purchase agreement, which set forth as the exhibit (Exhibit No. 99.1) in Form 6-K filed with Securities and Exchange Commission on September 13, 2022. This document constitutes the pricing supplement of the base prospectus on Form F-3 (File No. 333-253395) dated February 23, 2021 (the “Based Prospectus), as supplemented by the prospectus supplement dated September 13, 2022 related to this offering (the “Prospectus Supplement” together with the Based Prospectus, the “Prospectus”) and is incorporated by reference into the Prospectus, and must be read in conjunction with the Prospectus.

 

Investor YA II PN, Ltd.
   
Securities Settled 5,675,369 shares of Ordinary Shares of Powerbridge Technologies Co., Ltd.
   
Purchase price US$0.2643 per share
   
Proceeds Approximately US$1,500,000
   
Use of Proceeds We intend to use the net proceeds, if any, from this offering for working capital, to fund our capital funding commitments and for general corporate purposes, which may include, among other things, capital expenditures, acquisitions, investments, other business opportunities and repayment or refinancing of outstanding debt. Our management will have broad discretion in the application of net proceeds, if any. See “Use of Proceeds” in the Prospectus Supplement.
   
NASDAQ Capital Market Symbol PBTS
   
Resale The Prospectus also cover the resale of shares by YA II PN, Ltd. to the public. See “Plan of Distribution” in the Prospectus Supplement.