研控科技美股招股说明书(2023-03-17版)

424B51tm239788d1_424b5.htm424B5 ProspectusSupplementFiledpursuantto Rule424(b)(5) (ToProspectusDatedDecember2,2022)RegistrationNo.333- 268657 RECONTECHNOLOGY,LTD 8,827,500ClassAOrdinaryShares Pre-FundedWarrantstoPurchase1,175,000ClassAOrdinaryShares Weareoffering8,827,500ofourClassAordinaryshares,parvalueUS$0.0925pershare(referredtohereinafterasthe“ordinaryshares”unlessotherwisespecified)andpre-fundedwarrantstopurchase1,175,000sharesofourordinarysharesinlieuoftheordinaryshares(the“Pre-FundedWarrants”)directlytocertaininstitutioninvestorspursuanttothisprospectussupplement,theaccompanyingprospectus,andthatcertainSecuritiesPurchaseAgreement,datedMarch15,2023,byandamongReconTechnology,Ltd(the“Company”)andtheinstitutionalinvestorsignatoriesthereto.Weareofferingtheordinarysharesinthisofferingatapricepershareof$0.80.ThepurchasepriceofeachPre-FundedWarrantwillequalthepricepershareatwhichourordinarysharesarebeingsoldtothepublicinthisoffering,minus$0.01,andtheexercisepriceofeachPre-FundedWarrantwillequal$0.01pershare.ThePre-FundedWarrantswillbeexercisablebeginningonMarch17,2022atanexercisepriceof$0.01perordinaryshare.ThisprospectussupplementalsorelatestotheofferingoftheordinarysharesissuableuponexerciseofsuchPre-FundedWarrants.Weareofferingtheordinarysharesinthisofferingatapricepershareof$0.80.Inaconcurrentprivateplacement,wearealsosellingtosuchinvestors,warrants(the“Warrants”)topurchaseanaggregateofuptoanaggregateof10,002,500ClassAOrdinaryShares.TheWarrantsareexercisableimmediately,atanexercisepriceof$0.80perordinaryshareandexpire5.5yearsfromthedateofissuance.TheWarrantsandtheordinarysharesissuableupontheexerciseoftheWarrantsarenotbeingregisteredundertheSecuritiesActof1933,asamended,ortheSecuritiesAct,pursuanttotheregistrationstatementofwhichthisprospectussupplementandtheaccompanyingprospectusformapartandarenotbeingofferedpursuanttothisprospectussupplementandtheaccompanyingprospectus.TheWarrantsandtheordinarysharesissuableupontheexerciseoftheWarrantsarebeingofferedpursuanttoanexemptionfromtheregistrationrequirementsoftheSecuritiesActprovidedinSection4(a)(2)oftheSecuritiesActand/orRule506(b)ofRegulationD.TherewillbenotradingmarketfortheWarrants.TherewillbenotradingmarketforthePre-FundedWarrantsortheWarrants. Inaddition,ordinarysharepurchasewarrantstopurchaseanaggregateofupto8,814,102ordinarysharespreviouslyissuedbytheCompanytocertaininstitutionalinvestorsonJune16,2021willhavetheexercisepricereducedto$0.80inconnectionwiththisofferingifsuchinvestorsparticipateinthisoffering. ForamoredetaileddescriptionoftheordinarysharesandPre-FundedWarrants,seethesectionentitled“DescriptionofOurSecuritiesWeAreOffering”beginningonpageS-13. OurordinarysharesarecurrentlytradedontheNasdaqCapitalMarketunderthesymbol“RCON.”OnMarch15,2023,theclosingsalepriceofourordinaryshareswas$0.3726pershare. Asofthedateofthisprospectussupplement,theaggregatemarketvalueofouroutstandingordinarysharesheldbynon-affiliateswasapproximately$60.3millionbasedon29,700,719outstandingordinaryshares,ofwhich28,311,802areheldbynon-affiliates,andapersharepriceof$2.13,whichwasthehighestclosingpriceoverthelastsixtydaysontheNasdaqCapitalMarketofourordinarysharesendedonMarch10, 2023.PursuanttoGeneralInstructionI.B.5.forFormF-3RegistrationStatement,theCompanyhadzerotransactionsinthelast12months. WehaveretainedMaximGroupLLCtoactastheexclusiveplacementagenttouseitsbesteffortstosolicitoffersfrominvestorstopurchasethesecuritiesinthisoffering.Theplacementagenthasnoobligationtobuyanysecuritiesfromusortoarrangeforthepurchaseorsaleofanyspecificnumberordollaramountofsecurities.Theplacementagentisnotpurchasingorsellinganyordinaryshares,Pre-FundedWarrants,orWarrantsinthisoffering.Wewillpaytheplacementagentafeeequaltothesumof7%oftheaggregatepurchasepricepaidbyinvestorsplacedbytheplacementagent. Investinginoursecuritiesinvolvesahighdegreeofrisk.Youshouldpurchaseoursecuritiesonlyifyoucanaffordacompletelossofyourinvestment.See“RiskFactors”beginningonpageS-10ofthisprospectussupplement. NeithertheSecuritiesandExchangeCommissionnoranystatesecuritiescommissionhasapprovedordisapprovedofthesesecuritiesorpassedupontheadequacyoraccuracyofthisprospectus.Anyrepresentationtothecontraryisacriminaloffense. PerOrdinary PerPre-Funded Share Warrant Total(1) Publicofferingprice $0.80 $0.79 $8,002,000 Placementagent’sfees $0.056 $0.0553 $560,140 Proceeds,beforeexpenses,tous $0.744 $0.7347 $7,441,860 (1)DoesnotincludeproceedsfromtheexerciseoftheWarrantsissuedtoinvestorsinconnectionwithaconcurrentprivateplacement,whichWarrantsandunderlyingsharesarenotofferedbythisprospectusorregisteredintheunderlyingregistrationstatement. MaximGroupLLCisactingastheexclusiveplacementagentinthisoffering.Inadditiontotheplacementagentfeeof7%oftheaggregatepurchaseprice,wehaveagreedtoreimbursetheplacementagentupto $50,000worthofreasonableandaccountedfeesandexpensesofitslegalcounsel. WeexpectthatthedeliveryoftheordinarysharesandPre-FundedWarrantsbeingofferedpursuanttothisprospectussupplementandtheaccompanyingprospectuswillbemad