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WORK Medical Technology Group sets $200M ATM under Form F-3

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

Rhea-AI Filing Summary

WORK Medical Technology Group LTD entered into a Sales Agreement with AC Sunshine Securities, LLC to allow at-the-market sales of its Class A ordinary shares. These shares may be offered and sold from time to time through the sales agent under a Form F-3 shelf registration, for an aggregate offering price of up to $200,000,000, as described in a prospectus supplement dated November 21, 2025.

The company is not obligated to sell any shares, and the sales agent will use commercially reasonable efforts to execute sales pursuant to the company’s instructions. WORK Medical Technology Group will pay the sales agent a 3.5% commission on the aggregate gross proceeds of any shares sold and will provide customary indemnification and reimburse specified expenses.

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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 November 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 offices)

 

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

 

 

 

 

 

On November 20, 2025, WORK Medical Technology Group LTD (the “Company”), entered into a sales agreement (the “Sales Agreement”) with AC Sunshine Securities, LLC (the “Sales Agent”), acting as the Company’s sales agent, pursuant to which the Company may offer and sell, from time to time, through the Sales Agent Class A ordinary shares, par value $0.05 per share (the “Class A Ordinary Shares”).

 

The Company is not obligated to sell any shares under the Sales Agreement. Subject to the terms and conditions of the Sales Agreement, the Sales Agent will use commercially reasonable efforts consistent with its normal trading and sales practices, applicable state and federal law, rules and regulations, and the rules of The Nasdaq Stock Market to sell shares from time to time based upon the Company’s instructions, including any price, time, or size limits specified by the Company. Upon delivery of a sales notice, and subject to the Company’s instructions in that notice, and the terms and conditions of the Sales Agreement generally, the Sales Agent may sell the Class A Ordinary Shares by any method permitted by law deemed to be an “at the market offering” as defined by Rule 415(a)(4) promulgated under the Securities Act of 1933, as amended. The Company will pay the Sales Agent a commission of 3.5% of the aggregate gross proceeds from each sale of Class A Ordinary Shares and has agreed to provide the Sales Agent with customary indemnification rights. The Company has also agreed to reimburse the Sales Agent for certain specified expenses.

 

Class A Ordinary Shares will be offered and sold pursuant to the prospectus supplement, dated November 21, 2025, to the registration statement on Form F-3 (Registration Number 333-289943), filed by the Company on August 29, 2025 (the “Registration Statement”), that forms a part of such Registration Statement, for an aggregate offering price of up to $200,000,000.

 

The foregoing summary of the Sales Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the form of the Sales Agreement, which is attached as an exhibit to the current report.

 

This Form 6-K is hereby incorporated by reference into the Registration Statements and into prospectus outstanding under the Registration Statement, to the extent not superseded by documents or reports subsequently filed or furnished by the Company under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.

 

1

 

EXHIBIT INDEX

 

Exhibit No.    Description
5.1   Legal Opinion of Ogier (Cayman) LLP
10.1   Form of Sales Agreement by and between the Company and the Sales Agent

 

2

 

SIGNATURES

 

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: November 24, 2025

 

By:

 

/s/ Shuang Wu

    Name:  Shuang Wu
    Title: Chief Executive Officer

 

3

 

FAQ

What did WORK Medical Technology Group (WOK) announce in this Form 6-K?

WORK Medical Technology Group LTD announced that it entered into a Sales Agreement with AC Sunshine Securities, LLC to sell Class A ordinary shares in an at-the-market offering under its Form F-3 shelf registration.

What is the maximum aggregate offering size of WOK's at-the-market program?

The Class A ordinary shares may be offered and sold for an aggregate offering price of up to $200,000,000 under the prospectus supplement to the Form F-3 registration statement.

How will AC Sunshine Securities, LLC be compensated under the Sales Agreement with WOK?

AC Sunshine Securities, LLC, as sales agent, will receive a 3.5% commission on the aggregate gross proceeds from each sale of WORK Medical Technology Group’s Class A ordinary shares.

Is WORK Medical Technology Group obligated to sell shares under this Sales Agreement?

No. The company is not obligated to sell any shares under the Sales Agreement and may instruct the sales agent on price, timing, and size for any sales that occur.

Under which registration statement will WOK’s at-the-market share sales be made?

The shares will be offered and sold pursuant to a prospectus supplement dated November 21, 2025 to WORK Medical Technology Group’s Form F-3 registration statement No. 333-289943.

What legal and contractual documents are associated with WOK’s at-the-market program?

The filing lists a legal opinion of Ogier (Cayman) LLP and the form of Sales Agreement between WORK Medical Technology Group and the sales agent as exhibits.
WORK Medical Technology Group LTD

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Medical Devices
Healthcare
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China
Hangzhou