HiTek Global Inc. Ltd Announces $8 Million Registered Direct Offering

XIAMEN, China, June 2, 2026 /PRNewswire/ -- HiTek Global Inc. Ltd (NASDAQ: HKIT) (the "Company"), today announced that it has entered into a definitive agreement with certain investors for the purchase and sale of an aggregate of approximately $8.0 million of the Company's securities, including 4,000,000 Class A ordinary shares, par value $0.015 per share (the "Shares") (or pre-funded warrants in lieu thereof), and 4,000,000 warrants (the "Warrants"), at a purchase price of $2.00 per share in a registered direct offering. Each warrant has an exercise price of $4.5678 and is exercisable to purchase 3.8 shares.