Corporate ActionApr 26, 2026, 05:25 AM
NAAS Registers 37.38B Class A Shares, 468.75K ADSs for Resale
AI Summary
NaaS Technology Inc. filed an amended F-1 registration statement for the resale of up to 37.38 billion Class A ordinary shares and 468,750 American Depositary Shares (ADSs) by selling shareholders. The company will not receive any proceeds from these sales. The filing also details recent capital transactions, including a $31.2 million PIPE investment and a $3.3 million securities purchase agreement, along with an ADS ratio change and the creation of new Class D ordinary shares.
Key Highlights
- Registration of 37,376,000,000 Class A ordinary shares for resale by selling shareholders.
- Registration of 468,750 American Depositary Shares (ADSs) for resale, representing 1,500,000,000 Class A shares.
- 2025 PIPE Agreements for 27,776,000,000 Class A shares at $0.001/share, totaling $31.2 million.
- 2026 Securities Purchase Agreement for 4,800,000,000 Class A shares and warrants, grossing $3.3 million.
- ADS ratio changed from 1:800 to 1:3,200 Class A ordinary shares effective July 30, 2025.
- 16,000,000 Class D ordinary shares, each with 500 votes, issued to Newlink Envision Limited.
- NAAS ADSs closed at $2.1 on April 23, 2026 on Nasdaq Capital Market.
- Newlink Technology Limited beneficially owns 48.8% of the company's voting power.
Price Impact
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