Amended Form 144: RAY to sell 13.7% of outstanding shares

Rhea-AI Filing Summary

Raytech Holding Limited submitted an amended Form 144 (144/A) reporting an intended sale of 5,957,725 ordinary shares on Nasdaq through Huatai Financial Holdings (Hong Kong) Limited with an aggregate market value of $15,609,239.50. The proposed block represents approximately 13.7% of the company's 43,598,083 shares outstanding and is listed with an approximate sale date of 07/30/2025. The securities were acquired on 06/24/2022 in a share issuance of 12,800,000 shares from Raytech Holding Limited and were paid in cash. The filing reports nothing to report for securities sold in the past three months. The filer also certifies they are not aware of any undisclosed material adverse information; this submission is an amendment to a prior Form 144.

Positive

• None.

Negative

• Large proposed sale: 5,957,725 shares to be sold, representing ~13.7% of 43,598,083 shares outstanding.
• Material value: Aggregate market value of the proposed sale is $15,609,239.50, a non-trivial block relative to company size.
• Amended filing: The submission is a Form 144/A amendment, indicating a change to a prior notice rather than a routine initial disclosure.

Insights

Securities Analyst

TL;DR: Proposed sale equals ~13.7% of outstanding shares, a material block that could influence supply and market liquidity.

The filing shows a proposed disposition of 5,957,725 ordinary shares valued at $15,609,239.50, representing about 13.7% of 43,598,083 shares outstanding. For a public company, a sale of this scale is quantitatively material and could increase available float near the planned sale date of 07/30/2025. The use of Huatai Financial Holdings (Hong Kong) Limited as broker and listing on Nasdaq are explicit. The filing also states no sales in the past three months, which reflects either a pause in dispositions or compliance with aggregation rules. Investors should note the size and timing as primary quantitative facts from this filing.

Corporate Governance Expert

TL;DR: Filer acquired 12.8M shares in June 2022 and now intends to sell ~5.96M; the amendment and certification language are standard disclosure steps.

The document records an acquisition on 06/24/2022 of 12,800,000 shares via share issuance paid in cash and an intended sale of 5,957,725 shares, leaving a simple arithmetic difference of 6,842,275 shares from that issuance amount. The form is an amendment (144/A) and repeats the statutory representation that the seller is not aware of undisclosed material adverse information. The filing states there were no sales by the filer in the past three months, which is explicitly disclosed. From a governance and disclosure standpoint, the record is procedurally complete based on the provided fields.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144/A

144/A: Filer Information

Filer CIK
Filer CCC
Previous Accession Number Of The Filing
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144/A: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144/A: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Ordinary Share	Huatai Financial Holdings (Hong Kong) Limited Unit 5801, The Center 99 Queen's Road Central K3 NA	5957725	15609239.50	43598083	07/30/2025	Nasdaq

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144/A: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Ordinary Share	06/24/2022	Share Issuance	Raytech Holding Limited			12800000	06/24/2022	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144/A: Securities Sold During The Past 3 Months

Nothing to Report

144/A: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does Raytech (RAY) report in the amended Form 144/A?

The amended Form 144/A reports an intended sale of 5,957,725 ordinary shares on Nasdaq through Huatai Financial Holdings (Hong Kong) Limited with an aggregate market value of $15,609,239.50.

How large is the proposed sale relative to Raytech's outstanding shares (RAY)?

The proposed sale equals approximately 13.7% of Raytech's reported 43,598,083 shares outstanding.

When were the securities being sold originally acquired?

The securities were acquired on 06/24/2022 in a share issuance of 12,800,000 shares from Raytech Holding Limited, paid in cash.

Are there any reported sales by the filer in the past three months?

No. The filing explicitly states "Nothing to Report" for securities sold during the past three months.

What exchange and broker are named for the proposed sale?

The proposed sale is to occur on Nasdaq using broker Huatai Financial Holdings (Hong Kong) Limited.