IPO - QDM International Inc.

Form Type: S-1/A

Filing Date: 2025-03-21

Corporate Action: Ipo

Type: Update

Accession Number: 000101376225001111

Filing Summary: QDM International Inc. filed an amendment to its registration statement on Form S-1 to facilitate a public offering of $7,500,000 worth of common stock. The amendment specifies that the common stock will be offered at an estimated price to be determined in the future. As of March 20, 2025, the last reported price of QDM's common stock was $1.30 per share. QDM intends to list its shares on the Nasdaq under the symbol 'QDMI'. The document highlights significant risks associated with being incorporated in Florida and operating primarily in Hong Kong, stressing that regulatory changes by the Chinese government could adversely impact its business and stock value. The document also details QDM's intent to comply with reduced public company reporting requirements due to its status as a smaller reporting company, and it addresses potential risks under the Holding Foreign Companies Accountable Act that might affect trading of its shares in the U.S. Furthermore, the substantial voting power held by CEO Huihe Zheng poses governance risks, especially regarding the alignment of his interests with those of other shareholders. Overall, the amendment seeks to clarify details about the offering and regulatory compliance as QDM prepares for its IPO, addressing investor concerns.

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