U-BX Technology Raises $4.55 Million in Nasdaq Registered Direct Offering

U-BX Technology Ltd. ( (UBXG) ) has provided an announcement.

On April 27, 2026, U-BX Technology Ltd. entered into securities purchase agreements for a registered direct offering of 15,166,668 units at $0.30 per unit, each comprising one Class A ordinary share and a warrant to purchase 0.3 of a share, with warrants featuring a capped cashless exercise option and a one-year term. The offering, conducted on a best-efforts basis with FT Global Capital as lead placement agent and Kingswood as co-placement agent, closed on April 28, 2026 and raised approximately $4.55 million in gross proceeds, which the Nasdaq-listed insurtech plans to deploy for working capital, R&D and general corporate purposes, modestly strengthening its balance sheet as it pursues AI-based insurance services growth.

The securities were issued under U-BX Technology’s effective shelf registration statement on Form F-3 declared effective in December 2025, providing structural flexibility for future capital raises. Compensation to the placement agent included an 8.5% success fee and expense reimbursements, while the company entered customary covenants and indemnification provisions, signaling a standard small-cap financing designed to support ongoing operations without fundamentally altering its capital structure beyond share and warrant dilution for existing shareholders.

More about U-BX Technology Ltd.

Headquartered in Beijing, U-BX Technology Ltd. is a China-based insurance technology provider serving insurance carriers and brokers. The company offers AI-driven value-added services including digital promotion for institutional clients, its “Magic Mirror” algorithm for auto insurance risk assessment, and bundled benefits such as auto maintenance and other vehicle-related services.

Average Trading Volume: 33,488

Technical Sentiment Signal: Sell

Current Market Cap: $43.64M

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