U-BX Technology closes $4.55 million registered direct offering

U-BX Technology Ltd. (NASDAQ: UBXG) completed a registered direct offering that raised approximately $4.55 million in gross proceeds before fees and expenses. The Beijing-based insurance technology company sold 15,166,668 units at $0.30 per unit to multiple investors.

Each unit consists of one Class A ordinary share and one warrant to purchase 0.3 of a Class A ordinary share. The company provides artificial intelligence-driven services to insurance carriers and brokers.

FT Global Capital, Inc. served as lead placement agent for the offering, with Kingswood Capital Partners, LLC acting as co-placement agent. Concord & Sage PC provided legal counsel to the company.

The securities were offered under a shelf registration statement on Form F-3 that the Securities and Exchange Commission declared effective on December 15, 2025. The offering was conducted through a prospectus supplement and accompanying prospectus filed with the SEC.

U-BX Technology operates three main business lines: digital promotion services for institutional clients, risk assessment services using its "Magic Mirror" algorithm for auto insurance, and value-added bundled benefits for insurance carriers including maintenance and notification services.

You May Also Be Interested In

• Jersey Mike's closes IPO at $23 per share on NYSE
• Qualcomm files to resell 17.8M shares tied to Modular acquisition
• ATIF Holdings to acquire GoldCoin Labs in $20M all-share deal