Mechanical Technology, Incorporated (“the Company”) (NASDAQ: MKTY), the parent company of MTI Instruments, Inc. and EcoChain, Inc, a cryptocurrency mining business powered by renewable energy, announced today the closing of its firm commitment underwritten public offering of 2,419,355 shares of its common stock, together with accompanying warrants to purchase up to 604,839 shares of common stock at a combined public offering price of $6.20.

Lizhi Inc. (the “Company”) (NASDAQ: LIZI), a leading online UGC audio community and interactive audio entertainment platform in China, today announced that it has closed its previously announced registered direct offering of 3,685,504 of the Company's American Depositary Shares (the "ADSs") and warrants to purchase up to 2,764,128 ADSs, at a purchase price of US$8.14 per ADS and corresponding warrant. Each ADS represents 20 Class A ordinary shares, par value US$0.0001 per share.