Haoxi Health Technology Ltd has announced a registered direct offering of $6.5 million, injecting a significant influx of capital into the company. The offering includes the sale of 9,000,000 Class A ordinary shares and 16,999,998 pre-funded warrants at a purchase price of $0.25 per share.
Overview
Haoxi Health Technology Ltd is a Beijing-headquartered online marketing solution provider in China, specializing in serving healthcare industry advertiser clients. The company's growth is driven by the rise of news feed ads and the rapid development of the healthcare sector.
What the offering entails
The registered direct offering involves the sale of 9,000,000 Class A ordinary shares and 16,999,998 pre-funded warrants at a purchase price of $0.25 per share. Each pre-funded warrant is exercisable to purchase 10.355 shares. The aggregate gross proceeds to the company of this offering are expected to be approximately $6.5 million, before deducting placement agent commissions and other offering expenses.
Tradeoffs
The pre-funded warrants, exercisable at $0.0026 per share, grant holders the option to purchase additional shares at a 0.001% discount. This may provide a benefit to investors, but the exact impact is unclear.
When to use it
The company intends to use the net proceeds from this offering for working capital and general corporate purposes. This may help bolster Haoxi's financial stability and fuel future growth initiatives.
Pricing
The purchase price for the pre-funded warrants is identical to the purchase price for shares, less the exercise price of $0.0026 per share.
Bottom line
Haoxi Health Technology Ltd's registered direct offering of $6.5 million is a strategic move that may bolster the company's financial stability and fuel future growth initiatives.
The company intends to use the net proceeds from this offering for working capital and general corporate purposes. This may help Haoxi's financial stability and fuel future growth initiatives. The transaction is expected to close on or about May 12, 2026, subject to the satisfaction of customary closing conditions.
The registered direct offering is being made pursuant to a shelf registration statement on Form F-3, as amended, (File No. 333-287686) previously filed by the company with the U.S. Securities and Exchange Commission. Copies of the prospectus supplement relating to the registered direct offering, together with the accompanying base prospectus will be filed by the company and, upon filing, can be obtained at the SEC's website at www.sec.gov.
Haoxi Health Technology Ltd is a Beijing-headquartered online marketing solution provider in China, specializing in serving healthcare industry advertiser clients. The company's growth is driven by the rise of news feed ads and the rapid development of the healthcare sector.
The company offers one-stop online marketing solutions, especially in online short video marketing, helping advertisers acquire and retain customers on popular platforms in China, such as Toutiao, Douyin, WeChat, and Sina Weibo. It is dedicated to reducing costs, increasing efficiency, and providing easy online marketing solutions to advertisers.
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the company believes may affect its financial condition, results of operations, business strategy and financial needs.
Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.
Although the company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the company’s registration statement and in its other filings with the U.S. Securities and Exchange Commission.