Hitek Global Inc. is registering up to 19,150,000 Class A Ordinary Shares in a registered direct offering pursuant to a June 2, 2026 Securities Purchase Agreement. The offering consists of 170,000 Class A Ordinary Shares, 3,830,000 Pre-Funded Warrants (each exercisable for one Class A share at $0.015) and accompanying warrants that could underlyingly issue up to 15,150,000 Class A Ordinary Shares through a zero price exercise feature.
The public purchase price per Class A Ordinary Share is $2.00, the aggregate subscription amount is up to $8,000,000, estimated net proceeds are approximately $7.16 million, and Placement Agent compensation equals 7.0% of gross proceeds. The offering and warrant mechanics include cashless and zero-price exercises, a Floor Price of $1.5751, and potential non-cash proceeds from warrant exercises.
HiTek Global Inc. disclosed that entities affiliated with Jane Street Group, LLC have become ten percent owners of its Class A Ordinary Shares. The Form 3 reports that the reporting group now beneficially owns 239,056 Class A Ordinary Shares indirectly.
The shares are held directly by Jane Street Capital, LLC and Jane Street Global Trading, LLC and indirectly by Jane Street Group, LLC. This filing establishes their status as significant shareholders but does not describe specific individual buy or sell transactions.
HiTek Global Inc. is carrying out a 1-for-3 reverse split of its Class A ordinary shares, effective May 29, 2026. Every three issued and unissued Class A shares will be combined into one share, and the shares will begin trading on a split-adjusted basis on the Nasdaq Capital Market under the symbol HKIT on that date.
After the reverse split, the par value of each Class A share will change from $0.005 to $0.015, with fractional shares rounded up to the nearest whole share. The company expects Class A shares outstanding to move from 2,324,420 to 774,807, while Class B shares outstanding will remain at 8,192,000. Total authorized share capital will stay at $316,000.
HiTek Global Inc. filed an initial ownership report for Chief Technology Officer Shi Bo on Form 3. This filing establishes his status as an officer subject to insider reporting rules but does not list any share transactions or current holdings, and it records no purchases, sales, or derivative exercises.
HiTek Global Inc. filed an initial ownership report for director Zhang Zizhao on Form 3. The filing identifies Zhang as a director of the company and shows no reported transactions, no derivative positions, and no listed holdings in the summarized data.
HiTek Global Inc. submitted a Form 3 ownership report identifying Xia Tianyu as its Chief Financial Officer. The filing classifies Xia Tianyu as an officer but not a 10% owner, and the data provided shows no reported share purchases, sales, or other transactions.
HiTek Global Inc. director Huang Shuiqing filed an initial ownership report on Form 3. This filing identifies Huang as a director of the company but does not list any transactions or holdings, so it serves mainly as a baseline disclosure of insider status.
HiTek Global Inc. director and Chief Executive Officer Huang Xiaoyang filed an initial statement of beneficial ownership. The filing reports indirect ownership of 8,192,000 Class B Ordinary Shares, held of record by Fortune Enterprise Holdings Limited, a British Virgin Islands company.
According to the disclosure, Huang and her husband, Mr. Shenping Yin, are shareholders and directors of Fortune. Due to their marital relationship and roles at Fortune, Huang may be deemed to share voting and dispositive power over the shares held by Fortune and therefore may be deemed to beneficially own these securities.
HiTek Global Inc. director Yin Shenping filed an initial ownership report showing an indirect stake in the company. The filing lists 8,192,000 Class B Ordinary Shares held of record by Fortune Enterprise Holdings Limited, a British Virgin Islands company.
Yin Shenping and his wife, Ms. Xiaoyang Huang, are shareholders and directors of Fortune Enterprise Holdings Limited. Because of their ownership and management roles, Yin Shenping may be deemed to share voting and dispositive power over the Class B Ordinary Shares held by Fortune and therefore may be deemed to beneficially own these securities.
HiTek Global Inc. director Wang Weijun has filed an initial Form 3, which is the required statement of beneficial ownership for insiders. The data provided shows no reported transactions, share holdings, or derivative positions, indicating this filing mainly establishes Wang’s status as a director and reporting person.