# Newlinks Technology Ltd — capital_raise/atm_program [announced]
Source: SEC API (secapi.ai) · situation sit_487ffccd88c07234ee6a · retrieved 2026-08-12T21:22:11.446Z

## Overview
NaaS Technology Inc. is a Cayman Islands-incorporated company whose American Depositary Shares are listed on the Nasdaq Capital Market; it operates through a variable interest entity structure in the PRC and holds proprietary electric-vehicle and energy data assets.

On July 9, 2026, NaaS Technology Inc. (the Purchaser) entered into a Share Acquisition Agreement with Newlink Digital Energy Holding Limited (the Seller) to acquire 100% of the issued and outstanding shares of China Newlink Holding Limited (the Target). The aggregate consideration for the acquisition was valued at US$15,000,000, to be satisfied solely by the issuance of 16,000,000,000 newly issued Class A ordinary shares of NaaS at a reference price of US$3.00 per ADS (corresponding to 5,000,000 ADSs). The consideration shares were issued on July 22, 2026, and bear restrictive legends as unregistered securities under the Securities Act. The acquisition is subject to customary closing conditions including Nasdaq approval, SEC filings, regulatory approvals, Audit Committee approval, and satisfaction of representations and warranties.

## Terms
- Counterparty: Newlink Digital Energy Holding Limited · Deal value: $15.0M · Consideration: stock

## Key dates
- Announced 2026-07-24 · Expiry 2026-12-31

## Timeline
- 2026-07-24 · SCHEDULE 13D/A (0001185185-26-003123): SCHEDULE 13D/A - Newlinks Technology Ltd — *NaaS Technology Inc. is a Cayman Islands-incorporated company whose American Depositary Shares are listed on the Nasdaq Capital Market; it operates through a variable interest entity structure in the PRC and holds proprietary electric-vehicle and energy data assets.* On July 9, 2026, NaaS Technology Inc. (the Purchaser) entered into a Share Acquisition Agreement with Newlink Digital Energy Holding Limited (the Seller) to acquire 100% of the issued and outstanding shares of China Newlink Holding Limited (the Target). The aggregate consideration for the acquisition was valued at US$15,000,000, to be satisfied solely by the issuance of 16,000,000,000 newly issued Class A ordinary shares of NaaS at a reference price of US$3.00 per ADS (corresponding to 5,000,000 ADSs). The consideration shares were issued on July 22, 2026, and bear restrictive legends as unregistered securities under the Securities Act. The acquisition is subject to customary closing conditions including Nasdaq approval, SEC filings, regulatory approvals, Audit Committee approval, and satisfaction of representations and warranties.
  https://www.sec.gov/Archives/edgar/data/1934978/0001185185-26-003123.txt

## Citations
- 0001185185-26-003123 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000118518526003123