WUXI, China, March 23, 2026 (GLOBE NEWSWIRE) -- LOBO TECHNOLOGIES LTD. (NASDAQ:LOBO) ("LOBO" or the "Company"), an innovative electric vehicles manufacturer and seller, today announced that it has priced a best-efforts public offering with gross proceeds to the Company expected to be approximately $2 million, before deducting placement agent fees and other estimated expenses payable by the Company, excluding the exercise of any warrant offered.

The offering is comprised of 3,921,567 units (each, a "Unit"), each consisting of (i) one Class A ordinary share of the Company, par value $0.001 per share (the "Class A Ordinary Shares"), (ii) one series A warrant to purchase one Class A Ordinary Share (each, a "Series A Warrant") and (iii) one series B warrant to purchase one Class A Ordinary Share (each, a "Series B Warrant"). The public offering price per Unit is $0.51, or in lieu of Units, 3,921,567 pre-funded units (each a "Pre-Funded Unit"), each consisting of (i) one pre-funded warrant to purchase one Class A Ordinary Share (each, a "Pre-Funded Warrant"), (ii) one Series A Warrant, and (iii) one Series B Warrant. The public offering price per Pre-funded Unit is $0.509, which is equal to the public offering price per Unit to be sold in the offering, minus the $0.001 exercise price per Pre-Funded Warrant. Each of the Series A Warrants and the Series B Warrants will have an exercise price of $0.561 per Class A Ordinary Share and will be immediately exercisable upon issuance and expire on the two year anniversary of ...