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The latest announcement is out from U-BX Technology Ltd. ( (UBXG) ).
On April 27, 2026, U-BX Technology Ltd. disclosed that it has elected to rely on the Nasdaq home country practice exemption, allowing it to follow Cayman Islands corporate governance practices instead of certain Nasdaq shareholder-approval rules. The decision covers approvals for major share issuances tied to acquisitions, changes of control, equity compensation and large private placements, potentially giving the company greater flexibility in financing and deal-making while it maintains that, aside from these areas, its governance largely aligns with U.S. domestic Nasdaq-listed peers.
The company’s Cayman counsel Ogier provided Nasdaq with a legal opinion dated April 26, 2026 confirming that Cayman law and U-BX’s current memorandum and articles do not prohibit these governance practices. For investors, the move means future significant equity transactions may proceed without the shareholder votes typically required under Nasdaq’s standard rules, shifting greater reliance onto the company’s board oversight within the Cayman legal framework.
More about U-BX Technology Ltd.
U-BX Technology Ltd., incorporated in the Cayman Islands and listed on the Nasdaq Capital Market, is a foreign private issuer subject to Nasdaq’s corporate governance standards. The Beijing-headquartered company follows Cayman Islands corporate law and its own memorandum and articles of association in shaping its governance framework.
Average Trading Volume: 21,357
Technical Sentiment Signal: Sell
Current Market Cap: $43.64M
Learn more about UBXG stock on TipRanks’ Stock Analysis page.