IPO - Huge Amount Group Ltd

Form Type: F-1/A

Filing Date: 2025-03-03

Corporate Action: Ipo

Type: New

Accession Number: 000121390025019309

Filing Summary: Huge Amount Group Limited is conducting an initial public offering of 2,000,000 ordinary shares with a proposed price range between $4.00 to $6.00 per share. The registration statement was filed with the U.S. Securities and Exchange Commission on March 3, 2025, and is designated as Amendment No. 5 to the Form F-1 registration statement as required under the Securities Act of 1933. The company is incorporated in the Cayman Islands and primarily conducts operations via its subsidiaries in mainland China. The offering is intended to be conducted on a firm commitment basis by underwriters. Huge Amount Group has applied for listing its shares on the Nasdaq Capital Market under the symbol 'OCP,' although final approval from Nasdaq is pending. The document addresses that prior to this offering, there was no public market for its ordinary shares, and it emphasizes potential risks for investors including dependency on the regulatory environment in China, potential cybersecurity oversight, and the possibility of limitations on dividend distributions due to currency regulations. Additionally, it highlights the legal and operational risks associated with operating under Chinese regulatory authority, specifically in light of recent regulatory measures affecting overseas listings.

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Form Type: F-1/A

Filing Date: 2025-01-08

Corporate Action: Ipo

Type: New

Accession Number: 000121390025001900

Filing Summary: Huge Amount Group Limited is preparing for its initial public offering (IPO), registering 2,000,000 Ordinary Shares with an expected price range of $4.00 to $6.00 per share. This IPO is conducted on a firm commitment basis by the underwriters, pending approval for listing on NYSE American. The company, incorporated in the Cayman Islands, operates through subsidiaries based in the People's Republic of China (PRC), which poses regulatory and operational risks. The document outlines potential influence from Chinese authorities that might impact business operations, as well as elaborate on legal frameworks concerning data privacy and financial regulations that govern their international offering. The Company indicates that existing regulations may impact their ability to maintain continuous foreign investments and comply with various Chinese laws for overseas listings. Notably, there are assurances from their PRC counsel regarding compliance with the Cybersecurity Review Measures. However, uncertainties remain about future legal interpretations affecting listing procedures.

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