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HiTek Global (HKIT) ends ATM share sales as Maxim terminates deal

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

HiTek Global Inc. reports that Maxim Group LLC has terminated their sales agreement for the at-the-market offering program with immediate effect as of March 26, 2026. Before this termination, the company sold an aggregate of 5,852,011 Class A ordinary shares through the sales agent under the program.

The report is also incorporated by reference into HiTek Global’s existing registration statements on Forms F-3 and S-8 and their related prospectuses, which means this update becomes part of those broader offering documents filed with the U.S. Securities and Exchange Commission.

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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 OF THE

SECURITIES EXCHANGE ACT OF 1934

 

For the month of March 2026

 

Commission File Number 001-39339

 

HiTek Global Inc.

(Translation of registrant’s name into English)

 

Unit 304, No. 30 Guanri Road, Siming District

Xiamen City, Fujian Province, People’s Republic of China

(Address of principal executive offices)

 

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 ☐

 

 

 

 

 

 

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

 

Termination of Sales Agreement for At The Market Offering Program

 

As previously disclosed, on March 12, 2026, Hitek Global Inc., an exempted company incorporated under the laws of the Cayman Islands (the “Company”), entered into a sales agreement (the “Sales Agreement”) with Maxim Group LLC (the “Sales Agent”).

 

On March 26, 2026, the Sales Agent terminated the Sales Agreement with immediate effect in accordance with its terms. Prior to such termination, the Company sold an aggregate of 5,852,011 Class A ordinary shares pursuant to the Sales Agreement through the Sales Agent

 

Incorporation By Reference

 

This report on Form 6-K (“Report”) shall be deemed to be incorporated by reference into: (i) the registration statement on Form F-3, as amended (File No. 333-279459); (ii) the registration statement on Form F-3 (File No. 333-281723) of the Company; (iii) the registration statement on Form S-8 (File No. 333-289245) of the Company, each filed with the U.S. Securities and Exchange Commission on, respectively, May 16, 2024, August 22, 2024, and August 5, 2025 (collectively, and as amended from time to time, the “Registration Statements”), and into each prospectus or prospectus supplement outstanding under the Registration Statements, to the extent not superseded by documents or reports subsequently filed or furnished by the Company under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.

 

Cautionary Statement Regarding Forward-Looking Statements

 

This Form 6-K contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements may generally be identified by the use of words such as “anticipate,” “believe,” “expect,” “intend,” “plan” and “will” or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. As a result, these statements are not guarantees of future performance and actual events may differ materially from those expressed in or suggested by the forward-looking statements. Any forward-looking statement made by the Company in this Form 6-K, its reports filed with the Securities and Exchange Commission (the “SEC”) and other public statements made from time-to-time speak only as of the date made. New risks and uncertainties come up from time to time, and it is impossible for the Company to predict or identify all such events or how they may affect it. The Company has no obligation, and does not intend, to update any forward-looking statements after the date hereof, except as required by federal securities laws. Factors that could cause these differences include, but are not limited to those included it the Company’s Annual Reports on Form 20-F and other reports filed by the Company with the SEC. These statements constitute the Company’s cautionary statements under the Private Securities Litigation Reform Act of 1995.

 

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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.

 

Date: March 27, 2026

 

HiTek Global Inc.  
     
By: /s/ Xiaoyang Huang  
  Xiaoyang Huang  
  Chief Executive Officer  
  (Principal Executive Officer)  

 

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FAQ

What did HiTek Global Inc. (HKIT) disclose in its March 2026 Form 6-K?

HiTek Global disclosed that Maxim Group LLC terminated its at-the-market sales agreement with immediate effect on March 26, 2026. Before termination, the company sold 5,852,011 Class A ordinary shares through Maxim under this program, and the disclosure is incorporated into several existing registration statements.

How many shares did HiTek Global (HKIT) sell under the terminated ATM program?

HiTek Global sold an aggregate of 5,852,011 Class A ordinary shares under the sales agreement with Maxim Group LLC. These shares were issued before the agreement was terminated on March 26, 2026, and were sold pursuant to the at-the-market offering program described in the company’s filings.

Who terminated HiTek Global’s (HKIT) at-the-market sales agreement and when?

Maxim Group LLC, the sales agent, terminated HiTek Global’s sales agreement with immediate effect on March 26, 2026. The agreement covered an at-the-market offering program through which HiTek Global sold Class A ordinary shares prior to termination, as detailed in the Form 6-K.

Which registration statements does this HiTek Global (HKIT) Form 6-K update?

The Form 6-K is incorporated by reference into HiTek Global’s registration statements on Form F-3 (File Nos. 333-279459 and 333-281723) and Form S-8 (File No. 333-289245. It also becomes part of each related prospectus or supplement that remains outstanding under those registration statements.

What is the significance of incorporating HiTek Global’s (HKIT) Form 6-K by reference?

Incorporating the Form 6-K by reference means its contents become part of specified Form F-3 and Form S-8 registration statements. This ensures investors reviewing those offering documents also have the latest disclosure about the termination of the at-the-market sales agreement and prior share sales.

Does HiTek Global’s (HKIT) Form 6-K include forward-looking statements?

Yes, the Form 6-K states it contains forward-looking statements identified by terms like “anticipate,” “believe,” and “expect.” It notes such statements involve risks and uncertainties, may differ from actual results, and are subject to factors discussed in the company’s Form 20-F and other SEC reports.