AMC Robotics targets 2 1 million warrant raise for Vietnam plant
AMC Robotics Corporation an AI driven robotics solutions provider announced on August 21 that it had entered into warrant inducement agreements with two investors for up to 2 1 million in gross proceeds
AMC Robotics is planning to raise $2 million in new warrants for its upcoming robotics manufacturing plant in Vietnam. Investors have agreed to exercise certain warrants at a reduced price of $1.65 per share, generating $1 million in gross proceeds. They also have the option to exercise the remaining warrants at the same reduced price, potentially raising an additional $1.1 million within 30 trading days of the agreement.
The current exercise price for existing warrants is $4.017 per share. AMC Robotics plans to use the net proceeds from this transaction to fund its Vietnam manufacturing facility, working capital, general corporate purposes, and product development. In exchange for exercising their warrants, AMC Robotics will issue new unregistered shares - one per share exercised, up to a maximum of 1,219,816 shares.
These new warrants carry an exercise price of $5.775, which is 25% higher than the previous day's closing price, and will expire four and one-third years after issuance. In June, AMC Robotics' wholly-owned subsidiary in Vietnam, AMCV Co., Ltd., signed a lease agreement for a 6,150-square-meter facility in Bac Ninh. This facility will serve as the Phase 1 production site for the NovaArm robotics manufacturing.
The lease is set to begin in the third quarter of 2026, with initial production expected to commence in the second half of that year. Additionally, AMC Robotics is working with Sunward Logistics USA LLC, its designated first deployment customer and strategic partner, to ensure the platform is field-ready before the commercial launch in the second half of 2026.
Written by urgent.news from Vietnam Investment Review's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
