能链智电美股招股说明书(2024-03-14版)

424B51d791900d424b5.htm424(B)(5) TableofContents PROSPECTUSSUPPLEMENT (TOPROSPECTUSDATEDAUGUST31,2023) FiledPursuanttoRule424(b)(5)RegistrationNo.333-273515 4,761,905AmericanDepositarySharesRepresenting47,619,050ClassAOrdinaryShares WarrantstoPurchase4,761,905AmericanDepositarySharesRepresenting47,619,050ClassAOrdinaryShares 4,761,905AmericanDepositarySharesIssuableUponExerciseofWarrantsRepresenting47,619,050ClassAOrdinaryShares FAWarrantstoPurchase238,095AmericanDepositarySharesRepresenting2,380,950ClassAOrdinaryShares 238,095AmericanDepositarySharesIssuableUponExerciseofFAWarrantsRepresenting2,380,950ClassAOrdinaryShares NaaSTechnologyInc. Weareissuing4,761,905Americandepositaryshares,orADSs,eachrepresentingtenClassAordinaryshares,parvalueUS$0.01pershare,ofNaaSTechnologyInc.,andwarrantstopurchaseupto4,761,905ADSs,orwarrants,inaregistereddirectofferingtocertaininstitutionalinvestors(the“investors”)pursuanttothisprospectussupplementandtheaccompanyingprospectus,andasecuritiespurchaseagreementwiththeinvestors.TheADSstogetherwiththewarrantswerepurchasedatacombinedpurchasepriceofUS$1.26perADS.Inaddition,thisprospectussupplementrelatestotheissuancebyusofupto4,761,905ADSsissuableuponexerciseofthewarrants,subjecttocertainanti-dilutionadjustments. ThewarrantshaveaninitialexercisepriceofUS$1.49perADS,willbeexercisablefromthesix-monthanniversaryoftheirissuanceandwillexpirefiveandonehalfyearsfromthedateofissuance.Thewarrantsareexercisableforcashonlysolongaswehaveaneffectiveregistrationstatementcoveringtheissuanceofsharesupontheexerciseofthewarrants.Thewarrantsmayalsobecashlessexercisedunderlimitedcircumstances. Underthewarrants,wemaynoteffecttheexerciseofanywarrant,andaholderwillnotbeentitledtoexerciseanyportionofawarrant,which,upongivingeffecttosuchexercise,wouldcausetheaggregatenumberofourordinarysharesbeneficiallyownedbytheholder(togetherwithitsaffiliates)toexceed4.99%(or,attheelectionoftheholder,9.99%)ofthenumberofordinarysharesoutstandingimmediatelyaftergivingeffecttotheexercise,assuchpercentageownershipisdeterminedinaccordancewiththetermsofthewarrants. Wehaveengagedafinancialadvisor,asourexclusivefinancialadvisorinconnectionwiththisoffering.Thefinancialadvisorhasnoobligationtobuyanyofthesecuritiesfromusortoarrangeforthepurchaseorsaleofanyspecificnumberordollaramountofsecurities.Wehaveagreedtopaythefinancialadvisorthefeessetforthinthetablebelow.Additionally,wewillissuetothefinancialadvisorwarrants(“FAwarrants”)topurchase238,095ADSs onsubstantiallythesametermsasthewarrants,exceptthattheFAwarrants(i)expireonMarch12,2029and(ii)arenotsubjecttoanti-dilutionadjustmentsinrelationtosubsequentequitysalesbyus.TheFAwarrantsandADSsunderlyingsuchwarrantarebeingregisteredherein. DeliveryoftheADS,warrantsandFAwarrantsisexpectedtobemadeonoraboutMarch15,2024,subjecttothesatisfactionofcertainclosingconditions. S-i TableofContents TheADSsarelistedonTheNasdaqStockMarket,orNasdaq,underthetickersymbol“NAAS.”OnMarch11,2024,theclosingpriceoftheADSsonNasdaqwasUS$1.50perADS.ThereisnoestablishedpublictradingmarketforthewarrantsorFAwarrantsandwedonotexpectamarkettodevelop.Withoutanactivetradingmarket,theliquidityofthewarrantsandFAwarrantswillbelimited.Inaddition,wedonotintendtohavethewarrantsorFAwarrantsadmittedtotradingonNasdaqorlistedonanyothernationalsecuritiesexchangeoranyothertradingsystem. Investinginthesesecuritiesinvolvesahighdegreeofrisk.Furthermore,investorsshouldbeawarethattherearevariousotherrisksrelatingtothesecurities,theissueranditssubsidiaries,theirbusinessandtheirjurisdictionsofoperationswhichinvestorsshouldfamiliarizethemselveswithbeforemakinganinvestmentinthesecurities.Pleasecarefullyconsidertherisksdiscussedunder“RiskFactors”inthisprospectussupplementbeginningonpageS-19andtheaccompanyingprospectusandinourreportsfiledwiththeSecuritiesandExchangeCommissionthatareincorporatedbyreferenceintheaccompanyingprospectusbeforemakingadecisiontoinvestinoursecurities. NaaSTechnologyInc.isnotanoperatingcompanybutaCaymanIslandsholdingcompany.OuroperationsareprimarilyconductedthroughoursubsidiariesinthePeople’sRepublicofChina(the“PRC”or“China”).InvestorsinthesecuritiesthusarepurchasingequityinterestinaCaymanIslandsholdingcompanyandnotinanoperatingentity.Historically,theelectricvehicle(“EV”)chargingservicebusinessofNaaS(asdefinedbelow)inChinawasapartofthebusinessesofNewlinksTechnologyLimited,NaaS’scontrollingshareholder(“NewLink”),andwasprimarilyconductedthroughNewLink’sconsolidatedentities,includingKuaidianPower(Beijing)NewEnergyTechnologyCo.,Ltd.(“KuaidianPowerBeijing”)anditssubsidiaries.In2022,NaaScompletedaseriesoftransactionstorestructureitsorganizationanditsEVchargingservicebusiness(the“Restructuring”).AspartoftheRestructuring,DadaAutoInc.(“DadaAuto”),throughasubsidiary,ZhejiangAnjiIntelligentElectronicsHoldingCo.,Ltd.(“AnjiZhidian”),enteredintocontractualarrangements(the“VIEAgreements”)withKuaidianPowerBeijinganditsshareholders,asaresultofwhich(i)KuaidianPowerBeijinginitiallybecameavariableinterestentity(“VIE”)ofDadaAuto,and(ii)Da