BUUU Group Ltd's board approved a 10-for-1 forward split of its Class A and Class B ordinary shares on September 28, 2026. Subject to Nasdaq processing, Class A shares are expected to begin split-adjusted trading at market open on October 26, 2026.
Each issued share will become ten shares of the same class. Maximum authorized shares will increase from 500,000,000 to 5,000,000,000, with Class A authorization changing from 250,000,000 to 2,500,000,000 and Class B authorization changing from 250,000,000 to 2,500,000,000. The company states the split will not change shareholders' percentage ownership or voting power; Class A retains one vote per share and Class B twenty votes per share. No fractional shares will result.
Shares held through a bank, broker or other nominee will be adjusted automatically, subject to that nominee's processes. Registered holders with physical certificates will be asked to submit a letter of transmittal to VStock Transfer, LLC to surrender them for electronic book-entry shares. Warrants and other securities tied to Class A shares will receive proportionate adjustments to the extent their terms provide.
BUUU Group Limited’s 60%-owned subsidiary Brightray Science Inc. announced that its wholly owned subsidiary, Brightray Veridian Pte. Ltd., entered into a letter of intent on October 6, 2026 with a U.S.-based mission critical infrastructure partner for a planned 10MW AI data center in Indiana. The partner intends to engage Brightray to deploy a prefabricated data center solution; implementation is subject to agreement on technical specifications, commercial terms, the project schedule and definitive contract documentation.
The LOI’s principal cooperation arrangements are not legally binding and create no obligation on either party to purchase, supply or make payment. The partner intends to issue a purchase order by November 15, 2026, and the LOI expires 12 months after signing unless replaced earlier by a definitive agreement. Brightray targets delivery of the overall U.S. project within one year, including design finalization, permitting, international shipping, on-site work, installation and commissioning; the delivery period’s starting point is to be specified in a definitive contract. The planned design targets Tier III standards, annual PUE below 1.2 and compatibility with NVIDIA GB300, subject to final design, site and power conditions, approvals and equipment supply.
BUUU Group Limited, through its 60%-owned subsidiary Brightray Science Inc. and Brightray Veridian Pte. Ltd., Brightray Science’s wholly owned subsidiary, entered into a Prefabricated Module Sales Framework Agreement with the developer of a planned AI data center in Coloane, Macao. The agreement does not obligate either party to purchase or supply modules. The parties must negotiate a definitive sales contract in good faith only after Brightray Veridian secures a tenant and the customer signs a legally binding lease with that tenant; if this condition is not satisfied by September 30, 2027, the agreement terminates automatically. Pricing is provisional and non-binding, with final pricing to be set in a definitive contract.
The project is designed for approximately 40 MW of IT capacity, with delivery expected in the third quarter of 2027 and a planned building of up to five storeys. Final design, scope and schedule depend on tenant requirements and required regulatory approvals for power and land development. The planned site is approximately 9,000 square meters.
BUUU Group Ltd (BUUU) completed the acquisition of a 60% equity interest in Brightray Science Inc., a provider of prefabricated modular data center solutions, on September 15, 2026, making Brightray a consolidated subsidiary. The deal was completed under a previously signed share purchase agreement with DeedTech Inc. and Wang Bin.
As consideration, BUUU issued 2,000,000 Class A ordinary shares at a fixed issue price of US$20.00 per share and delivered a US$200,000,000 non‑negotiable, non‑transferable promissory note, settleable solely in Class A shares at US$20.00 per share in annual installments based on Brightray’s Net Profit for the fiscal years ending June 30, 2027, 2028 and 2029. The consideration shares and any shares issued on the note are subject to lock-up and transfer restrictions. BUUU also holds a three‑year call option to acquire the remaining 40% of Brightray. After the issuance, BUUU has 18,847,500 ordinary shares outstanding (13,847,500 Class A and 5,000,000 Class B), and the seller holds about 10.6% of the shares, representing about 1.8% of the voting power.
BUUU Group Limited (BUUU) has signed a definitive agreement to acquire a 60% equity interest in Brightray Science Inc., a provider of prefabricated modular data center solutions, which will become a consolidated subsidiary upon completion, subject to customary closing conditions and regulatory approvals.
To help fund the acquisition and expand Brightray’s business, BUUU entered into private placement subscription agreements to sell units at US$10.00 per unit, each unit comprising one Class A share and one-half warrant exercisable in cash at US$10.00 per share through September 2, 2027. Together with potential warrant exercises, these financings are expected to generate aggregate gross proceeds of more than US$60 million, intended for capacity expansion and working capital.
The Brightray transaction consideration includes newly issued BUUU shares valued at a fixed price of US$20.00 per share and a promissory note convertible into up to 10 million BUUU shares, subject to a 19.99% beneficial ownership limitation and Brightray’s audited net income. BUUU also plans to relocate its corporate headquarters to Singapore and highlights Brightray’s existing 70MW in operation at a 120MW campus in Johor, Malaysia, a manufacturing base with 300MW annual capacity, and a pipeline expected to reach approximately 2GW of potential projects.
BUUU Group Ltd director Tsui Chun Kit filed an initial Form 3 statement of beneficial ownership. This filing lists him as a director but does not report any stock transactions or current holdings, serving mainly as a baseline disclosure of his status as an insider.
BUUU Group Limited reported higher revenue but a sharp swing to loss for the six months ended December 31, 2025. Revenue rose to $3.22 million, up about 12% from $2.87 million a year earlier, driven by both event management and stage production services.
Cost of revenue jumped to $2.87 million, compressing gross profit to $352,059 and reducing gross margin to roughly 10.9% from 26.1%. General administrative expenses more than doubled to $1.23 million, including $422,991 of share option expense and $168,000 of RSU expense, contributing to a net loss.
The Company recorded a net loss of $875,993, versus net income of $160,569 in the prior-year period, and basic and diluted EPS declined to $(0.06) from $0.01. Despite the loss, BUUU’s balance sheet strengthened: cash and cash equivalents increased to $5.72 million, largely reflecting $5.80 million in net IPO proceeds, while total equity rose to $6.15 million.
BUUU Group Limited has signed a non-binding Memorandum of Understanding to explore acquiring PINK 308 LLC, a new holding company for a portfolio of film, in-production film, and screenplay assets. Completion would require all related film and script assets to be transferred into PINK 308 free of encumbrances.
If completed, the deal would mark a strategic shift from BUUU’s event-focused MICE services toward owning long-form content rights and building a digital content platform. The company aims to apply artificial intelligence tools to adapt film libraries into AI-driven short-form drama and other interactive formats for streaming and social platforms.
The potential transaction remains at an early stage. It is subject to financial, legal, tax, and operational due diligence, negotiation of definitive agreements, required corporate, shareholder, and regulatory approvals under Nasdaq Listing Rules, and other customary conditions. Commercial terms, including consideration, structure, and timing, are still under negotiation, and there is no assurance the deal will close.
BUUU Group Ltd director Cha Ho Wa filed an initial Form 3, which is a mandatory disclosure of insider holdings when someone becomes a company insider. This filing does not show any buy or sell transactions or report any derivative positions, making it a routine administrative update.
BUUU Group Ltd director AU Pak Lun Patrick filed an initial insider ownership report on Form 3. The filing lists him as a director and shows no reportable buy or sell transactions, no derivative transactions, and no remaining derivative positions in the company’s securities.