U-BX Technology Closes $4.55 M Direct Offering of 15.17 M Units
U-BX Technology sold 15.17 million units at $0.30 each in a registered direct offering, raising gross proceeds of approximately $4.55 million and issuing warrants exercisable for 4.55 million Class A shares. Net funding will support expansion of its AI-powered risk assessment and digital promotion services within the insurance industry.
1. Offering Structure and Proceeds
U-BX Technology completed a registered direct offering of 15,166,668 units at $0.30 per unit, generating approximately $4.55 million in gross proceeds. Each unit includes one Class A ordinary share and one warrant to purchase 0.3 Class A shares, creating potential issuance of an additional 4.55 million shares upon exercise.
2. Business Impact and Use of Funds
The net proceeds are earmarked to accelerate development and deployment of U-BX’s AI-driven services, including the Magic Mirror risk assessment algorithm and digital promotion platforms for insurance carriers and brokers. This capital infusion aims to support sales expansion and technology enhancements in its core insurance technology offerings.
3. Placement Agents and Registration
FT Global Capital served as lead placement agent with Kingswood Capital Partners as co-placement agent, and Concord & Sage PC acted as counsel. The securities were offered under a shelf registration on Form F-3 declared effective December 15, 2025, and the transaction is now closed.