IPO - U-BX Technology Ltd.

Form Type: F-1

Filing Date: 2025-01-10

Corporate Action: Ipo

Type: New

Accession Number: 000121390025002662

Filing Summary: U-BX Technology Ltd. filed a registration statement with the SEC on January 10, 2025, indicating its intention to sell up to 14,400,000 ordinary shares, which includes 13,500,000 shares issuable upon the exercise of certain warrants. The filing follows a private placement that occurred on November 28, 2024. The document mentions that the ordinary shares will not be sold by U-BX Technology Ltd. but rather by selling shareholders, with the company not receiving any proceeds from these sales. It also outlines regulatory compliance regarding minimum bid price requirements after previously being notified by Nasdaq about non-compliance. Following a reverse share split approved by shareholders in October 2024 and effective from November 27, 2024, U-BX now has approximately 3,385,607 ordinary shares outstanding. The company operates through its PRC subsidiaries, and considerations regarding regulatory risks related to China's laws affecting foreign listings were highlighted. Notably, U-BX Technology advises that it does not control data processing directly and has not been contacted by PRC regulatory bodies regarding compliance. Lastly, the filing underscores the dual nature of its registration, adhering to both U.S. and PRC regulatory requirements without currently requiring additional PRC government approvals for its U.S. listing.

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