STOCK TITAN

[6-K] WORK Medical Technology Group LTD Current Report (Foreign Issuer)

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
6-K
Rhea-AI Filing Summary

LifeMD, Inc. (symbol LFMD, common stock) filed a Form 144 indicating that shareholder Schreiber Holdings LLC intends to sell up to 175,000 shares through J.P. Morgan Securities on 01 Aug 2025. At the filing’s stated market value of $1.82 million (≈ $10.41 per share), the transaction equals about 0.4 % of the 45.45 million shares outstanding.

The seller originally acquired the stock on 25 Apr 2019 in an asset-for-equity exchange with the issuer. Over the past three months, the same holder has already disposed of 53,005 shares for gross proceeds of $668,651, signalling an ongoing liquidation programme.

No operating or financial performance data is provided; the notice is solely to comply with Rule 144. While the planned sale slightly increases supply, the scale is immaterial to fundamentals and should have limited market impact absent further selling.

LifeMD, Inc. (simbolo LFMD, azioni ordinarie) ha presentato un modulo 144 indicando che l'azionista Schreiber Holdings LLC intende vendere fino a 175.000 azioni tramite J.P. Morgan Securities il 01 agosto 2025. Al valore di mercato dichiarato nella comunicazione, pari a 1,82 milioni di dollari (circa 10,41 dollari per azione), l'operazione corrisponde a circa il 0,4% delle 45,45 milioni di azioni in circolazione.

Il venditore ha originariamente acquisito le azioni il 25 aprile 2019 in uno scambio di attività per capitale con l'emittente. Negli ultimi tre mesi, lo stesso detentore ha già ceduto 53.005 azioni per un ricavo lordo di 668.651 dollari, segnalando un programma di liquidazione in corso.

Non sono forniti dati operativi o finanziari; l’avviso serve esclusivamente a rispettare la Regola 144. Sebbene la vendita prevista aumenti leggermente l'offerta, la dimensione è irrilevante per i fondamentali e dovrebbe avere un impatto limitato sul mercato in assenza di ulteriori vendite.

LifeMD, Inc. (símbolo LFMD, acciones comunes) presentó un Formulario 144 indicando que el accionista Schreiber Holdings LLC planea vender hasta 175,000 acciones a través de J.P. Morgan Securities el 01 de agosto de 2025. Al valor de mercado declarado en la presentación de $1.82 millones (≈ $10.41 por acción), la transacción equivale aproximadamente al 0.4% de las 45.45 millones de acciones en circulación.

El vendedor adquirió originalmente las acciones el 25 de abril de 2019 en un intercambio de activos por capital con el emisor. En los últimos tres meses, el mismo tenedor ya ha vendido 53,005 acciones por ingresos brutos de $668,651, indicando un programa de liquidación en curso.

No se proporcionan datos operativos o financieros; el aviso es únicamente para cumplir con la Regla 144. Aunque la venta planificada aumenta ligeramente la oferta, la escala es insignificante para los fundamentos y debería tener un impacto limitado en el mercado en ausencia de más ventas.

LifeMD, Inc. (심볼 LFMD, 보통주)는 Schreiber Holdings LLC 주주가 2025년 8월 1일 J.P. Morgan Securities를 통해 최대 175,000주를 매도할 계획임을 알리는 Form 144를 제출했습니다. 제출서에 명시된 시가총액 182만 달러(주당 약 10.41달러)에 따르면, 이번 거래는 발행 주식 총 4,545만 주의 약 0.4%에 해당합니다.

매도자는 2019년 4월 25일 자산 대 주식 교환방식으로 해당 주식을 최초 취득했습니다. 최근 3개월 동안 동일 보유자는 이미 53,005주를 매각해 총 668,651달러의 매출을 올렸으며, 이는 지속적인 청산 프로그램을 시사합니다.

운영 또는 재무 성과 데이터는 제공되지 않았으며, 본 공지는 Rule 144 준수를 위한 것입니다. 계획된 매도는 공급을 다소 증가시키나, 규모가 미미해 기본적인 펀더멘털에 큰 영향을 미치지 않으며 추가 매도가 없으면 시장 영향도 제한적일 것입니다.

LifeMD, Inc. (symbole LFMD, actions ordinaires) a déposé un formulaire 144 indiquant que l'actionnaire Schreiber Holdings LLC prévoit de vendre jusqu'à 175 000 actions via J.P. Morgan Securities le 1er août 2025. À la valeur de marché déclarée dans le dépôt, soit 1,82 million de dollars (≈ 10,41 dollars par action), la transaction représente environ 0,4 % des 45,45 millions d'actions en circulation.

Le vendeur a initialement acquis les actions le 25 avril 2019 dans le cadre d'un échange d'actifs contre des capitaux propres avec l'émetteur. Au cours des trois derniers mois, le même détenteur a déjà cédé 53 005 actions pour un produit brut de 668 651 dollars, indiquant un programme de liquidation en cours.

Aucune donnée opérationnelle ou financière n'est fournie ; l'avis sert uniquement à se conformer à la règle 144. Bien que la vente prévue augmente légèrement l'offre, son ampleur est négligeable pour les fondamentaux et devrait avoir un impact limité sur le marché en l'absence de ventes supplémentaires.

LifeMD, Inc. (Ticker LFMD, Stammaktien) hat ein Formular 144 eingereicht, in dem der Aktionär Schreiber Holdings LLC beabsichtigt, bis zu 175.000 Aktien über J.P. Morgan Securities am 01. August 2025 zu verkaufen. Zum im Antrag angegebenen Marktwert von 1,82 Millionen US-Dollar (ca. 10,41 US-Dollar pro Aktie) entspricht die Transaktion etwa 0,4 % der 45,45 Millionen ausstehenden Aktien.

Der Verkäufer hat die Aktien ursprünglich am 25. April 2019 im Rahmen eines Asset-for-Equity-Tauschs mit dem Emittenten erworben. In den letzten drei Monaten hat derselbe Inhaber bereits 53.005 Aktien veräußert und daraus Bruttoerlöse von 668.651 US-Dollar erzielt, was auf ein laufendes Liquidationsprogramm hinweist.

Es werden keine operativen oder finanziellen Leistungsdaten bereitgestellt; die Mitteilung dient ausschließlich der Einhaltung der Regel 144. Obwohl der geplante Verkauf das Angebot leicht erhöht, ist das Volumen für die Fundamentaldaten unerheblich und sollte ohne weitere Verkäufe nur begrenzte Auswirkungen auf den Markt haben.

Positive
  • Sale represents only ~0.4 % of shares outstanding, limiting dilution or price pressure.
  • Timely Rule 144 disclosure enhances transparency and regulatory compliance.
Negative
  • Insider-related entity plans to sell 175,000 shares worth $1.8 M, adding supply to the market.
  • Ongoing selling pattern (53,005 shares in prior 3 months) may signal reduced insider confidence.

Insights

TL;DR: Small insider sale (0.4% float) is routine, minimally negative.

The filing reveals an affiliate’s intent to unload 175 k shares worth $1.8 M. Relative to LifeMD’s float the sale is modest, but it follows prior monthly sales totalling 53 k shares. Such pattern may cap near-term upside by adding incremental supply, yet the amount is far below daily trading volume for comparable micro-caps. There is no new information on earnings, guidance, or strategy, so the event is largely technical. Investors may view persistent insider selling as a mild sentiment headwind; however, liquidity or dilution risk is immaterial.

TL;DR: Transparent Rule 144 filing, governance-neutral.

Rule 144 requires insiders to pre-notify sizeable open-market sales. LifeMD’s disclosure demonstrates procedural compliance, mitigating regulatory risk. Schreiber Holdings’ relationship to the company is not detailed, but the filing states the signer is unaware of undisclosed adverse information, reducing asymmetric-information concerns. Because the stake is small and publicly flagged, governance implications are minimal. Impact is classified as routine and not materially negative.

LifeMD, Inc. (simbolo LFMD, azioni ordinarie) ha presentato un modulo 144 indicando che l'azionista Schreiber Holdings LLC intende vendere fino a 175.000 azioni tramite J.P. Morgan Securities il 01 agosto 2025. Al valore di mercato dichiarato nella comunicazione, pari a 1,82 milioni di dollari (circa 10,41 dollari per azione), l'operazione corrisponde a circa il 0,4% delle 45,45 milioni di azioni in circolazione.

Il venditore ha originariamente acquisito le azioni il 25 aprile 2019 in uno scambio di attività per capitale con l'emittente. Negli ultimi tre mesi, lo stesso detentore ha già ceduto 53.005 azioni per un ricavo lordo di 668.651 dollari, segnalando un programma di liquidazione in corso.

Non sono forniti dati operativi o finanziari; l’avviso serve esclusivamente a rispettare la Regola 144. Sebbene la vendita prevista aumenti leggermente l'offerta, la dimensione è irrilevante per i fondamentali e dovrebbe avere un impatto limitato sul mercato in assenza di ulteriori vendite.

LifeMD, Inc. (símbolo LFMD, acciones comunes) presentó un Formulario 144 indicando que el accionista Schreiber Holdings LLC planea vender hasta 175,000 acciones a través de J.P. Morgan Securities el 01 de agosto de 2025. Al valor de mercado declarado en la presentación de $1.82 millones (≈ $10.41 por acción), la transacción equivale aproximadamente al 0.4% de las 45.45 millones de acciones en circulación.

El vendedor adquirió originalmente las acciones el 25 de abril de 2019 en un intercambio de activos por capital con el emisor. En los últimos tres meses, el mismo tenedor ya ha vendido 53,005 acciones por ingresos brutos de $668,651, indicando un programa de liquidación en curso.

No se proporcionan datos operativos o financieros; el aviso es únicamente para cumplir con la Regla 144. Aunque la venta planificada aumenta ligeramente la oferta, la escala es insignificante para los fundamentos y debería tener un impacto limitado en el mercado en ausencia de más ventas.

LifeMD, Inc. (심볼 LFMD, 보통주)는 Schreiber Holdings LLC 주주가 2025년 8월 1일 J.P. Morgan Securities를 통해 최대 175,000주를 매도할 계획임을 알리는 Form 144를 제출했습니다. 제출서에 명시된 시가총액 182만 달러(주당 약 10.41달러)에 따르면, 이번 거래는 발행 주식 총 4,545만 주의 약 0.4%에 해당합니다.

매도자는 2019년 4월 25일 자산 대 주식 교환방식으로 해당 주식을 최초 취득했습니다. 최근 3개월 동안 동일 보유자는 이미 53,005주를 매각해 총 668,651달러의 매출을 올렸으며, 이는 지속적인 청산 프로그램을 시사합니다.

운영 또는 재무 성과 데이터는 제공되지 않았으며, 본 공지는 Rule 144 준수를 위한 것입니다. 계획된 매도는 공급을 다소 증가시키나, 규모가 미미해 기본적인 펀더멘털에 큰 영향을 미치지 않으며 추가 매도가 없으면 시장 영향도 제한적일 것입니다.

LifeMD, Inc. (symbole LFMD, actions ordinaires) a déposé un formulaire 144 indiquant que l'actionnaire Schreiber Holdings LLC prévoit de vendre jusqu'à 175 000 actions via J.P. Morgan Securities le 1er août 2025. À la valeur de marché déclarée dans le dépôt, soit 1,82 million de dollars (≈ 10,41 dollars par action), la transaction représente environ 0,4 % des 45,45 millions d'actions en circulation.

Le vendeur a initialement acquis les actions le 25 avril 2019 dans le cadre d'un échange d'actifs contre des capitaux propres avec l'émetteur. Au cours des trois derniers mois, le même détenteur a déjà cédé 53 005 actions pour un produit brut de 668 651 dollars, indiquant un programme de liquidation en cours.

Aucune donnée opérationnelle ou financière n'est fournie ; l'avis sert uniquement à se conformer à la règle 144. Bien que la vente prévue augmente légèrement l'offre, son ampleur est négligeable pour les fondamentaux et devrait avoir un impact limité sur le marché en l'absence de ventes supplémentaires.

LifeMD, Inc. (Ticker LFMD, Stammaktien) hat ein Formular 144 eingereicht, in dem der Aktionär Schreiber Holdings LLC beabsichtigt, bis zu 175.000 Aktien über J.P. Morgan Securities am 01. August 2025 zu verkaufen. Zum im Antrag angegebenen Marktwert von 1,82 Millionen US-Dollar (ca. 10,41 US-Dollar pro Aktie) entspricht die Transaktion etwa 0,4 % der 45,45 Millionen ausstehenden Aktien.

Der Verkäufer hat die Aktien ursprünglich am 25. April 2019 im Rahmen eines Asset-for-Equity-Tauschs mit dem Emittenten erworben. In den letzten drei Monaten hat derselbe Inhaber bereits 53.005 Aktien veräußert und daraus Bruttoerlöse von 668.651 US-Dollar erzielt, was auf ein laufendes Liquidationsprogramm hinweist.

Es werden keine operativen oder finanziellen Leistungsdaten bereitgestellt; die Mitteilung dient ausschließlich der Einhaltung der Regel 144. Obwohl der geplante Verkauf das Angebot leicht erhöht, ist das Volumen für die Fundamentaldaten unerheblich und sollte ohne weitere Verkäufe nur begrenzte Auswirkungen auf den Markt haben.

 

 

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

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of August 2025

 

Commission File Number: 001-42256

 

WORK Medical Technology Group LTD

 

Floor 23, No. 2 Tonghuinan Road
Xiaoshan District, Hangzhou City, Zhejiang Province,
The People’s Republic of China

(Address of principal executive office)

 

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

 

 

 

 

 

Changes in Registrant’s Certifying Accountant

 

On July 29, 2025, the audit committee of the board of the directors (the “Board”) of WORK Medical Technology Group LTD, a company incorporated under the laws of the Cayman Islands (the “Company”), recommended, and the Board approved, the change of the Company’s independent auditor to HTL International, LLC (“HTL”), in place of WWC, P.C. (“WWC”). The termination of the engagement with WWC became effective as of July 30, 2025, and the engagement of HTL as the independent auditor of the Company became effective as of July 30, 2025.

 

WWC’s report on the Company’s financial statements for the years ended September 30, 2024 and 2023 did not contain an adverse opinion or disclaimer of opinion, nor was it qualified or modified as to uncertainty, audit scope, or accounting principles. Furthermore, during the Company’s two most recent fiscal years and through July 30, 2025, there were no disagreements with WWC on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to WWC’s satisfaction, would have caused WWC to make reference to the subject matter of the disagreement in connection with its reports on the Company’s financial statements for such periods. During the Company’s two most recent fiscal years and through July 30, 2025, there were no “reportable events,” as that term is described in Item 16F(a)(1)(v) of Form 20-F, other than the material weaknesses identified by management under the Company’s annual report on Form 20-F (File No. 001-42256), which was filed with the U.S. Securities and Exchange Commission on February 14, 2025.

 

The Company has provided WWC with a copy of the above disclosure and requested that WWC furnish a letter addressed to the U.S. Securities and Exchange Commission stating whether or not it agrees with the above statements. A copy of WWC’s letter is filed herewith as Exhibit 16.1.

 

During the two most recent fiscal years and any subsequent interim periods prior to the engagement of HTL, neither the Company, nor anyone on behalf of the Company, has consulted HTL regarding either the application of accounting principles to a specified transaction, whether completed or proposed, or the type of audit opinion that might be rendered on the Company’s consolidated financial statements. Neither a written report was provided to the Company nor was any oral advice provided that HTL concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing, or financial reporting issue. Additionally, neither the Company, nor anyone on behalf of it, has consulted HTL regarding any matter that was the subject of a “disagreement” as defined in Item 16F(a)(1)(iv) of Form 20-F and related instructions to Item 16F of Form 20-F, or any “reportable events” as described in Item 16F(a)(1)(v) of Form 20-F.

 

1

 

 

SIGNATURE

 

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.

 

  WORK Medical Technology Group LTD
     
Date: August 1, 2025 By: /s/ Shuang Wu
  Name:  Shuang Wu
  Title: Chief Executive Officer

 

2

 

 

EXHIBIT INDEX

 

Exhibit No.   Description
16.1   Letter, dated August 1, 2025, from WWC, P.C. addressed to the U.S. Securities and Exchange Commission

 

3

 

FAQ

How many LifeMD shares are registered for sale under this Form 144?

175,000 common shares are proposed for sale.

Who is selling the LifeMD (LFMD) stock?

The seller is Schreiber Holdings LLC, an insider-related entity.

What is the aggregate market value of the planned sale?

The filing lists an aggregate value of $1,821,750.

When is the anticipated sale date for the 175,000 shares?

The approximate sale date is 01 August 2025.

How does the proposed sale compare to total shares outstanding?

The sale equals roughly 0.4 % of the 45.45 million shares outstanding.

Have there been recent sales by the same holder?

Yes, Schreiber Holdings sold 53,005 shares between May and July 2025 for gross proceeds of $668,651.
WORK Medical Technology Group LTD

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