Corporate GovernanceApr 27, 2026, 06:12 AM
UBXG Elects Nasdaq Home Country Exemptions for Shareholder Approval
AI Summary
U-BX Technology Ltd. (UBXG) has elected to utilize the home country practice exemption under Nasdaq Listing Rule 5615(a)(3). As a foreign private issuer incorporated in the Cayman Islands, the company will follow its home country corporate governance practices in lieu of certain Nasdaq requirements. This includes exemptions from shareholder approval for securities issuances related to acquisitions, change of control, equity-based compensation, and significant issuances below a minimum price.
Key Highlights
- U-BX Technology Ltd. (UBXG) elected to rely on Nasdaq's home country practice exemption under Rule 5615(a)(3).
- Exemption applies to Nasdaq Marketplace Rule 5635(a) regarding shareholder approval for securities issuance in acquisitions.
- Exemption applies to Nasdaq Marketplace Rule 5635(b) regarding shareholder approval for change of control securities issuance.
- Exemption applies to Nasdaq Marketplace Rule 5635(c) regarding shareholder approval for equity-based compensation.
- Exemption applies to Nasdaq Marketplace Rule 5635(d) regarding shareholder approval for significant issuances below minimum price.
- The company is incorporated in the Cayman Islands.
- Cayman Islands counsel confirmed the governance practice is not prohibited under local law.
Price Impact
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