Here are the S-1 registration statements from QDM Intl Inc (QDMI) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
An S-1 covers the registration statement a company files to sell shares publicly, so if you follow QDMI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full QDMI filings page.
QDM International Inc. (QDMI), a Florida holding company that conducts insurance brokerage operations primarily through its Hong Kong subsidiary YeeTah, has filed Amendment No. 6 to a Form S-1 for a firm commitment public offering of $15,000,000 of common stock. The company’s shares currently trade on the OTCQB and it has applied to list on Nasdaq under the same symbol, though approval is not assured.
QDM is a smaller reporting company and, after the offering, will remain a controlled company because CEO Huihe Zheng holds about 99.2% of voting power. Operations are concentrated in Hong Kong insurance distribution, with recent expansion via the acquisition of licensed broker Wintah and growth in a referral business with trust and insurance partners. The prospectus highlights extensive regulatory and political risks tied to Hong Kong and PRC oversight, HFCA Act audit-inspection risks, and potential future PRC filing requirements, any of which could materially affect operations or the value and tradability of the stock. Cash flows depend on Hong Kong subsidiaries, and QDM states it has not paid, and does not expect to pay, dividends in the foreseeable future.
QDM International Inc. is conducting a firm commitment public offering of 1,250,000 shares of common stock, with an estimated public offering price between $4.00 and $5.00 per share. The shares currently trade on the OTCQB under the symbol QDMI, and the company has applied to list its common stock on Nasdaq under the same symbol in connection with this offering.
QDM is a Florida holding company whose business is conducted through its Hong Kong insurance brokerage subsidiary, YeeTah, which primarily sells life and medical insurance products and earns commissions from insurers. Net proceeds are estimated at approximately $4.4 million at a $4.50 per share price and are expected to be used for expanding service offerings, marketing and branding, new hires, and general working capital. The prospectus highlights significant risks, including heavy dependence on a small number of insurance company partners, extensive regulation in Hong Kong, political and regulatory uncertainty involving Hong Kong and the PRC, concentrated control by the CEO, who holds about 99% of the voting power, and potential impacts from PRC and U.S. regulatory regimes that could affect the business or trading of the stock.