STOCK TITAN

Haoxi Health Technology (HAO) raises $4M in Class A share and pre-funded warrant deal

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Haoxi Health Technology Limited completed an initial closing of a registered direct offering to institutional investors under its effective Form F-3 shelf. The transaction covers 300,000 Class A ordinary shares at $0.40 per share and 9,700,000 pre-funded warrants, which are immediately exercisable at $0.33 per share. The purchase price of each pre-funded warrant is $0.07, and each warrant is exercisable into one Class A ordinary share. The company states gross proceeds of $4,000,000, assuming full exercise of all pre-funded warrants, before placement fees and expenses.

The initial closing occurred on July 13, 2026. Each investor may, on or before September 30, 2026, elect to purchase up to 100% of the number of shares and/or pre-funded warrants initially purchased, at the same pricing. As of July 13, 2026, Haoxi Health reports 7,004,632 Class A ordinary shares and 317,897 Class B ordinary shares outstanding. Directors, officers, and holders of more than 5% have signed lock-up agreements restricting sales of their ordinary shares for 90 days after the closing.

Univest Securities, LLC acted as sole placement agent and is entitled to a 7% cash fee on gross proceeds, a 0.5% non-accountable expense allowance, and up to $60,000 of expense reimbursement. Haoxi Health plans to use net proceeds for working capital, operating expenses, capital expenditures, potential acquisitions, business development, and other strategic initiatives, with allocation at management’s discretion within these stated priorities.

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Filing Explained

The July 13, 2026 closing issued 5.1 million Class A shares, reducing existing holders’ ownership percentages while further warrant exercises and purchases remain possible.

This Form 6-K, an interim report for a foreign private issuer, reports that the initial closing of Haoxi Health Technology Limited’s registered direct offering occurred on July 13, 2026; the company issued 5,100,000 Class A shares, increasing the share count and reducing existing holders’ percentage ownership absent offsetting changes.

The transaction included 300,000 Class A shares and 9,700,000 immediately exercisable pre-funded warrants, each exercisable for one Class A share at $0.33; 4,800,000 warrants were exercised at the initial closing.

The filing’s $4,000,000 gross-proceeds figure assumes all 9,700,000 warrants are exercised and excludes placement-agent fees and other estimated expenses, so it does not establish $4,000,000 of net cash received at the initial closing. Each investor also has a right, rather than an obligation, to purchase up to 100% of the securities purchased at the initial closing on or before September 30, 2026.

As of July 13, 2026, the company reported 7,004,632 Class A shares and 317,897 Class B shares issued and outstanding.

The company agreed, subject to exceptions, not to issue ordinary shares or ordinary-share equivalents, file certain registration statements, or enter into variable-rate transactions for 30 days following the Closing Date, while directors, officers, and holders of more than 5% agreed to 90-day lock-ups.

Net proceeds are intended for working capital, operating expenses, capital expenditures, potential acquisitions, business development, and other strategic initiatives, with allocation left to management’s discretion; the placement agent receives a 7% cash fee, a 0.5% expense allowance, and reimbursement of up to $60,000 in specified expenses.

Class A shares offered 300,000 shares Class A ordinary shares sold at $0.40 per share in the registered direct offering
Pre-funded warrants offered 9,700,000 warrants Pre-funded warrants, each exercisable into one Class A ordinary share at $0.33
Gross proceeds $4,000,000 Assuming full exercise of all pre-funded warrants, before fees and expenses
Share offering price $0.40 per share Offering price for Class A ordinary shares in the transaction
Warrant purchase price $0.07 per warrant Purchase price equals share price less the $0.33 exercise price
Placement fee rate 7% Cash fee on gross proceeds payable to Univest Securities, LLC as placement agent
Outstanding Class A shares 7,004,632 shares Class A ordinary shares issued and outstanding as of July 13, 2026
Outstanding Class B shares 317,897 shares Class B ordinary shares issued and outstanding as of July 13, 2026
registered direct offering financial
"Closing of A Registered Direct Offering On July 10, 2026"
A registered direct offering is a way for a company to sell new shares of its stock directly to select investors with regulatory approval. This method allows the company to raise funds quickly and efficiently without needing a public auction, similar to offering exclusive access to a limited number of buyers. For investors, it often provides an opportunity to purchase shares at a favorable price, while giving the company immediate access to capital.
Pre-Funded Warrants financial
"9,700,000 pre-funded warrants (the “Pre-Funded Warrants”)"
Pre-funded warrants are financial instruments that give investors the right to purchase a company's stock at a set price, but with most or all of the purchase price paid upfront. They function like a coupon or gift card for stock, allowing investors to buy shares later at a fixed price, which can be beneficial if they want to avoid future price increases. This makes them important for investors seeking flexibility and certainty in their investment plans.
shelf registration statement regulatory
"part of the Company’s shelf registration statement on Form F-3"
A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.
Variable Rate Transaction financial
"not to enter into or effect any Variable Rate Transaction"
lock-up agreements financial
"entered into a certain lock-up agreements (the “Lock-Up Agreements”)"
A lock-up agreement is a contract that prevents company insiders—founders, employees, and early investors—from selling their shares for a set period after a public stock offering. It matters to investors because it keeps a large block of shares off the market temporarily; when the lock-up ends, those holders can sell and this increased supply can cause the stock price to fall, similar to a timed release that suddenly opens a valve.
placement agency agreement financial
"entered into a placement agency agreement (the “Placement Agency Agreement”)"

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FAQ

What did Haoxi Health Technology (HAO) announce in its July 2026 Form 6-K?

Haoxi Health Technology closed the initial tranche of a registered direct offering, issuing Class A ordinary shares and pre-funded warrants under its Form F-3 shelf, with gross proceeds of $4,000,000 assuming full warrant exercise.

How many securities did Haoxi Health (HAO) offer and at what prices?

Haoxi Health offered 300,000 Class A ordinary shares at $0.40 per share and 9,700,000 pre-funded warrants, each priced at $0.07 and exercisable into one Class A share at an exercise price of $0.33 per share.

What are the key dates for Haoxi Health’s (HAO) registered direct offering?

The securities purchase and placement agency agreements were signed on July 10, 2026, the initial closing occurred on July 13, 2026, and investors may elect to buy additional securities until September 30, 2026 at the same terms.

How many shares of Haoxi Health (HAO) are outstanding after the offering’s initial closing?

As of July 13, 2026, Haoxi Health reports 7,004,632 Class A ordinary shares and 317,897 Class B ordinary shares issued and outstanding, reflecting issuances made in connection with the registered direct offering’s initial closing.

What fees will the placement agent receive in Haoxi Health’s (HAO) offering?

Univest Securities, LLC will receive a 7% cash fee on gross proceeds, a 0.5% non-accountable expense allowance on gross proceeds, and reimbursement of legal and other out-of-pocket expenses of up to $60,000 for acting as sole placement agent.

How will Haoxi Health (HAO) use the net proceeds from this offering?

Haoxi Health intends to use net proceeds for working capital, operating expenses, capital expenditures, potential acquisitions, business development, and other strategic initiatives, with management retaining discretion over allocation among these listed purposes.

Are Haoxi Health (HAO) insiders subject to lock-up restrictions after this offering?

Yes. Directors, officers, and shareholders owning more than 5% of Class A ordinary shares entered lock-up agreements, agreeing not to sell or dispose of their ordinary shares for 90 days following the closing date of the offering.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of July 2026

 

Commission File Number: 001-41933

 

Haoxi Health Technology Limited

(Translation of registrant’s name into English)

 

Room 801, Tower C, Floor 8, Building 103, Huizhongli, Chaoyang District

Beijing, China

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F           Form 40-F

 

 

 

 

 

Closing of A Registered Direct Offering

 

On July 10, 2026, Haoxi Health Technology Limited, an exempted company incorporated under the laws of the Cayman Islands (the “Company”) entered into a certain securities purchase agreement with certain investors (the “Investors”) for the purchase and sale of an aggregate of 300,000 Class A ordinary shares, par value $0.32 per share (the “Class A Ordinary Shares”) at an offering price of $0.40 per share, and 9,700,000 pre-funded warrants (the “Pre-Funded Warrants”, the Class A Ordinary Shares issuable upon the exercise thereof, the “Warrant Shares”, together with the Shares, the Pre-Funded Warrants, the “Securities”) for gross proceeds of $4,000,000, assuming all Pre-Funded Warrants are exercised, before deducting placement agent fees and other estimated expenses payable by the Company. The purchase price for each Pre-Funded Warrant is equal to the public offering price for the Class A Shares less the $0.33 per share exercise price of each such Pre-Funded Warrant which is $0.07.

 

The Pre-Funded Warrants are immediately exercisable upon issuance. The exercise price per whole Class A Ordinary Share purchasable upon exercise of the Pre-Funded Warrants is $0.33. Each Pre-Funded Warrant is exercisable to purchase one Class A Ordinary Share. In total, the 9,700,000 Pre-Funded Warrants are exercisable to purchase 9,700,000 Class A Ordinary Shares. 

 

The Securities are being offered pursuant to a base prospectus, dated June 13, 2025 and a prospectus supplement, dated July 10, 2026, that form a part of the Company’s shelf registration statement on Form F-3, as amended (File No. 333-287686) (the “Registration Statement”), which Registration Statement was declared effective by the Securities and Exchange Commission on June 13, 2025.

 

The initial closing of this offering (the “Initial Closing”) occurred on July 13, 2026 (the “Initial Closing Date”). Each Investor, severally, has the right to elect to purchase up to 100% of the number of Class A Ordinary Shares and/or Pre-Funded Warrants each Investor purchased at the Initial Closing (the “Purchase Limit”) on or before September 30, 2026 (the date of such additional closing, if any, the “Additional Closing Date”) at the same purchase price of the Initial Closing. The “Closing Date” refers to each of the Initial Closing Date and Additional Closing Date.

 

Pursuant to the Securities Purchase Agreement, the Company has agreed, for a period beginning on the date of the Securities Purchase Agreement and ending on thirty (30) days following the Closing Date, not to (i) issue or enter into an agreement to issue any Ordinary Shares or Ordinary Share Equivalents (as defined in the Securities Purchase Agreement), or (ii) file any registration statement or amendment or supplement thereto, subject to certain exceptions. The Company has also agreed not to enter into or effect any Variable Rate Transaction (as defined in the Securities Purchase Agreement) for a period beginning on the date of the Securities Purchase Agreement and ending on thirty (30) days following the Closing Date.

 

In connection with the offering, the Company entered into a placement agency agreement (the “Placement Agency Agreement”) with Univest Securities, LLC (the “Placement Agent”) on July 10, 2026, pursuant to which the Placement Agent acted as sole placement agent for this offering and would receive at the closing of the offering a cash fee equal to 7% of the gross proceeds, a non-accountable expenses allowance of 0.5% of the gross proceeds of the offering and reimbursement for legal fees and other out-of-pocket fees, costs and expenses in the amount of up to $60,000.

 

In addition, on July 10, 2026, each of the directors and officers of the Company, as well as shareholders who beneficially own more than 5% of the issued and outstanding Class A Ordinary Shares, entered into a certain lock-up agreements (the “Lock-Up Agreements”), pursuant to which each of them has agreed, among other things, not to sell or dispose of any Ordinary Shares which are or will be beneficially owned by them for ninety (90) days following the Closing Date.

 

On July 13, 2026, the Company issued an aggregate of 5,100,000 Class A Ordinary Shares, consisting of 300,000 Class A Ordinary Shares issued pursuant to the Securities Purchase Agreement and 480,000 Class A Ordinary Shares upon exercise of 4,800,000 Pre-Funded Warrants. As of July 13, 2026, the Company has 7,004,632 Class A Ordinary Shares and 317,897 Class B Ordinary Shares issued and outstanding.

 

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The Company intends to use the net proceeds from the offering for working capital, operating expenses, capital expenditures, potential acquisitions, business development activities, and other strategic initiatives in line with the Company’s growth plans. However, the management of the Company will have discretion in allocating the net proceeds in accordance with the above priorities and purposes, depending on general operating costs and expenditures and the changing needs of the Company’s business.

 

Copies of the (i) form of Pre-Funded Warrant, (ii) form of Securities Purchase Agreement, (iii) Placement Agency Agreement, and (vi) form lock-up agreement are attached hereto as Exhibits 4.1, 10.1, 10.2, and 10.3, respectively, and are incorporated by reference herein. The foregoing summaries of the terms of each agreement mentioned above are subject to, and qualified in their entirety by, such documents. A copy of the opinion of Ogier, as Cayman Islands counsel to the Company, regarding the legality of the issuance and allotment of the Securities is attached hereto as Exhibit 5.1 and is incorporated by reference herein.

 

This report does not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction. 

 

Forward-Looking Statements

 

Certain statements in this current report on Form 6-K 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 SEC.

 

EXHIBIT INDEX

 

Exhibit No.   Description of Exhibit
4.1   Form of Pre-Funded Warrants
5.1   Opinion of Ogier
10.1   Form of Securities Purchase Agreement
10.2   Placement Agency Agreement, dated July 10, 2026
10.3   Form of Lock-Up Agreement
23.1   Consent of Ogier (included in Exhibit 5.1)

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Haoxi Health Technology Limited
     
Date: July 13, 2026 By: /s/ Zhen Fan
  Name:  Zhen Fan
  Title: Chief Executive Officer

 

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Filing Exhibits & Attachments

5 documents