U‑BX Technology Ltd. Secures $4.55 Million Through Registered Direct Offering
Overview of the Capital‑Raise
On 27 April 2026, U‑BX Technology Ltd. (NASDAQ: UBXG) announced the completion of a registered direct offering that will bring in approximately $4.55 million in gross proceeds. The offering was conducted through a securities purchase agreement with a group of investors, and each unit was priced at $0.30. A unit consists of one Class A ordinary share (par value $0.0016) and a warrant giving the holder the right to purchase 30 % of a Class A ordinary share. The offering is expected to close on or about 29 April 2026, subject to customary closing conditions.
FT Global Capital, Inc. served as the exclusive placement agent, while Kingswood Capital Partners, LLC acted as co‑placement agent. The securities were offered pursuant to a “shelf” registration statement on Form F‑3, effective 15 December 2025 under the Securities Act of 1933. A prospectus supplement and accompanying prospectus will be filed with the U.S. Securities and Exchange Commission and will be available on the SEC website.
Intended Use of Proceeds
The company plans to deploy the net proceeds primarily for general corporate purposes and working capital. This injection of capital is intended to support ongoing operational needs and to further the expansion of U‑BX Technology’s AI‑driven service offerings across China’s insurance sector.
Company Profile and Market Position
Founded in 2018 and headquartered in Beijing, U‑BX Technology specializes in providing value‑added services to insurance carriers and brokers through artificial intelligence. The company’s portfolio includes:
- Digital promotion services that help institutional clients enhance social‑media visibility and generate revenue via consumer engagement.
- Risk‑assessment solutions, most notably the “Magic Mirror” algorithm, which calculates payout risks for auto insurance coverage using vehicle data, optical character recognition, and AI analytics.
- Bundled benefit packages such as auto maintenance, auto value‑added services, and vehicle‑moving notifications for property and auto insurance carriers.
U‑BX Technology’s services are tailored to the Chinese insurance market, where demand for AI‑driven analytics and digital engagement tools has been rising. The company was formerly known as Famingsur Develop Limited before adopting its current name in October 2021.
Financial Snapshot
- Market Capitalization: $34,826,764
- Price/Earnings Ratio: –1.27 (negative, reflecting current loss position)
- Stock Price (23 April 2026): $1.15
- 52‑Week High: $4.50 (18 August 2025)
- 52‑Week Low: $1.00 (14 April 2026)
The capital raise comes at a time when the stock is trading well below its 52‑week high, offering new investors an opportunity to enter the company at a valuation that reflects its current operational stage.
Forward‑Looking Considerations
The company has highlighted that forward‑looking statements are subject to risks and uncertainties, including the impact of market conditions, regulatory changes, and the continued adoption of AI technologies within the insurance industry. Investors should consider these factors when evaluating the potential for future growth.
The $4.55 million direct offering marks a significant step in U‑BX Technology’s trajectory, reinforcing its financial footing while enabling the firm to deepen its penetration in China’s evolving insurance technology landscape.
