Meihua (NASDAQ: MHUA) updates timing of $15.2M private share placement
Rhea-AI Filing Summary
Meihua International Medical Technologies Co., Ltd. filed an amended report to correct clerical errors in an earlier description of its October 2025 private placement. The company had agreed to sell 40,000,000 ordinary shares at a purchase price of $0.38 per share for gross proceeds of $15.2 million to several non-U.S. purchasers under Regulation S.
According to the updated disclosure, the company issued 24,000,000 ordinary shares to these purchasers on October 17, and on January 20, 2026 it issued the remaining 160,000 class A ordinary shares, par value $0.05 per share, after a 100:1 split and adoption of a dual-class structure, completing the October offering. The company reports 857,914 issued and outstanding class A ordinary shares as of January 20, 2026.
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FAQ
What did Meihua International Medical Technologies (MHUA) change in this Form 6-K/A?
The company corrected clerical errors in an earlier report about the closing of its October 2025 private placement, specifically updating the referenced closing date and providing the correct description of when shares were issued and when the offering was fully closed.
How large was Meihua International Medical Technologies' October 2025 private placement?
The private placement covered 40,000,000 ordinary shares of Meihua International Medical Technologies Co., Ltd. at a purchase price of $0.38 per share, for total gross proceeds of $15.2 million.
When did Meihua International Medical Technologies issue the shares in the October offering?
The company issued 24,000,000 ordinary shares to the October purchasers on October 17, and on January 20, 2026 it issued the remaining 160,000 class A ordinary shares, after which the October offering was fully closed.
Who participated in Meihua International Medical Technologies' October 2025 offering?
The securities purchase agreement was entered into with several “non-U.S. Persons” as defined in Regulation S under the Securities Act of 1933, referred to as the October purchasers.
How many class A ordinary shares of Meihua International Medical Technologies are outstanding now?
The company reports 857,914 issued and outstanding class A ordinary shares as of the date of the amendment, which is January 20, 2026.
What share structure changes are referenced in Meihua International Medical Technologies' amendment?
The amendment notes that the 160,000 class A ordinary shares issued on January 20, 2026 are described as post-100:1 split and post-dual-class-structure, indicating that a stock split and dual-class share structure were in place by that time.