- EZGO Technologies Ltd. entered into a warrant exchange agreement on **August 27, 2025**, with certain holders to cancel **5,389,126** existing warrants that were issued in September 2023.  **[1806904_0001213900-25-081417_ea025487601ex10-1_ezgo.htm:0]** **[1806904_0001213900-25-081417_ea0254876-6k_ezgo.htm:1]** 
- In exchange for the cancelled warrants, the company will issue an aggregate of **1,246,000 Ordinary Shares** and **10,879,534 pre-funded warrants**, each exercisable for one Ordinary Share.  **[1806904_0001213900-25-081417_ea0254876-6k_ezgo.htm:1]** 
- The exchange ratio dictates that the aggregate number of new shares and pre-funded warrants received by holders will equal **2.25 times** the number of Ordinary Shares underlying their cancelled existing warrants.  **[1806904_0001213900-25-081417_ea025487601ex10-1_ezgo.htm:0]** 
- The newly issued pre-funded warrants have an exercise price of **$0.04 per share**, are immediately exercisable, and are valid for **six months** from their issuance date.  **[1806904_0001213900-25-081417_ea0254876-6k_ezgo.htm:1]** **[1806904_0001213900-25-081417_ea025487601ex4-1_ezgo.htm:2]** 
- The company has agreed to issue these new securities within **one trading day** of the agreement's execution.  **[1806904_0001213900-25-081417_ea0254876-6k_ezgo.htm:1]**

EZGO Technologies (EZGO)