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The latest update is out from U-BX Technology Ltd. ( (UBXG) ).
On April 27, 2026, U-BX Technology Ltd. announced it had entered a securities purchase agreement with several investors for a registered direct offering priced at $0.30 per unit, each unit comprising one Class A ordinary share and a warrant to buy 0.3 of a share. The gross proceeds are expected to total about $4.55 million, with closing anticipated around April 29, 2026, subject to customary conditions.
FT Global Capital, Inc. is serving as exclusive placement agent with Kingswood Capital Partners, LLC as co-placement agent for the transaction. U-BX plans to use the net proceeds for general corporate and working capital purposes, providing additional funding to support its operations and growth as an AI-driven service provider to the insurance industry.
More about U-BX Technology Ltd.
U-BX Technology Ltd., headquartered in Beijing and listed on Nasdaq as UBXG, is an insurance technology provider serving carriers and brokers in China. The company offers AI-driven digital promotion services, risk assessment via its “Magic Mirror” algorithm for auto insurance, and value-added bundled benefits such as auto maintenance and vehicle-related services to insurance carriers.
Average Trading Volume: 21,357
Technical Sentiment Signal: Sell
Current Market Cap: $43.64M
Learn more about UBXG stock on TipRanks’ Stock Analysis page.