IPO - EUDA Health Holdings Ltd

Form Type: 424B5

Filing Date: 2025-06-24

Corporate Action: Ipo

Type: New

Accession Number: 000164117225016185

Filing Summary: EUDA Health Holdings Limited has entered into an At The Market Offering Agreement with Chardan Capital Markets, LLC to offer shares of its ordinary shares up to a total price of $10 million. This agreement allows for an ongoing offering of shares through an agent, with no specific number of shares required to be sold. The shares are intended to be sold at market prices, with the last recorded share price being $3.72. Chardan will receive compensation for these sales, with rates varying depending on the nature of the sales. The proceeds from this offering are intended for general corporate purposes, which may include future acquisitions. The company underwent a significant restructuring process in 2023 to reduce costs, shifting focus from medical services to property management and wellness. This was following the acquisition of CK Health, which is aimed at expanding its offerings in non-invasive healthcare products. The company faced significant operating losses but aims to leverage its new strategy for growth in the healthcare market.