Haoxi Health prices $4M stock and warrant offering
Haoxi Health Technology Limited completed an initial closing of a registered direct offering to institutional investors under its effective Form F-3 shelf.
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
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
The filing’s
As of
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
Key Figures
Key Terms
registered direct offering financial
Pre-Funded Warrants financial
shelf registration statement regulatory
Variable Rate Transaction financial
lock-up agreements financial
placement agency agreement financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Haoxi Health Technology (HAO) announce in its July 2026 Form 6-K?
How many securities did Haoxi Health (HAO) offer and at what prices?
What are the key dates for Haoxi Health’s (HAO) registered direct offering?
What fees will the placement agent receive in Haoxi Health’s (HAO) offering?
How will Haoxi Health (HAO) use the net proceeds from this offering?
Are Haoxi Health (HAO) insiders subject to lock-up restrictions after this offering?
AI-generated analysis. How Rhea-AI works. Not financial advice.