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Kandi Technologies (KNDI) slides 16% in premarket, after announcing registered direct placement of $100M of ~9M units at $11.30 a piece.Each Unit consisted of one common share and 0.4 warrants to purchase a share of our common stock. The warrants have an exercise price of $14.50 per share, a term of 30 months.Net proceeds will be used for general working capital purposes including research and development of EV sports car models.The offering is expected to conclude by November 24.