
Corporate ActionApr 27, 2026, 01:07 PM
UBXG to Raise $4.55M in Registered Direct Offering at $0.30/Unit
AI Summary
U-BX Technology Ltd. announced it has entered into a securities purchase agreement for a registered direct offering, expecting to raise approximately $4.55 million in gross proceeds. Each unit in the offering is priced at $0.30 and comprises one Class A ordinary share and one warrant to purchase 0.3 of a Class A Ordinary Share. The company intends to use the net proceeds for general corporate and working capital purposes, with the offering expected to close around April 29, 2026.
Key Highlights
- U-BX Technology Ltd. entered into a securities purchase agreement for a registered direct offering.
- The combined offering price is $0.30 per Unit.
- Each Unit consists of one Class A ordinary share and one warrant to purchase 0.3 of a Class A Ordinary Share.
- Gross proceeds are expected to be approximately $4.55 million.
- The offering is expected to close on or about April 29, 2026.
- Net proceeds will be used for general corporate and working capital purposes.
Price Impact
More from UBXG