MingZhu Logistics Sets Price at $1.00 for 8 Million Units in Direct Offering

Securities Purchase Agreement: Mingzhu Logistics has entered into a definitive agreement with institutional investors to sell 8,000,000 units, each consisting of one ordinary share or a pre-funded warrant and one common warrant, at a price of $1.00 per unit.

Warrant Details: The warrants will have an exercise price of $1.00 per Class A Ordinary Share, are immediately exercisable, and will expire six months after issuance.

Expected Proceeds: The offering is anticipated to generate approximately $8 million in gross proceeds for the company, before deducting fees and expenses.

Closing Timeline: The transaction is expected to close around November 26, 2025, pending the fulfillment of customary closing conditions, with Univest Securities serving as the sole placement agent.