U-BX Technology (NASDAQ: UBXG), an artificial intelligence-driven, value-added services and products provider to insurance carriers, has closed on its initial public offering. The offering, which closed on April 1, 2024, comprised 2 million ordinary shares at an initial public offering price of $5 per share, resulting in gross proceeds of $10 million before standard deductions and offering expenses. In addition, the company granted the underwriter an option to purchase up to an additional 300,000 shares at the public offering price to cover any overallotments. U-BX Technology anticipates using the funds from the offering for research and development, advertising and marketing, and general working capital. EF Hutton acted as sole bookrunner for the offering.
To view the full press release, visit https://ibn.fm/VWKMD
About U-BX Technology Ltd.
UB-X Technology is a provider of insurance technology headquartered in Beijing, China. The company focuses on providing value-added services using artificial intelligence-driven technology to businesses within the insurance industry. The company’s services and products primarily include digital promotion services, risk assessment services and value-added bundled benefits to insurance carriers. For more information, visit the company’s website at www.U-BX.com.
About QualityStocks
QualityStocks (“QS”) is a specialized communications platform with a focus on private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, QS is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, QS brings its clients unparalleled recognition and brand awareness. QS is where breaking news, insightful content and actionable information converge.
For more information, please visit https://www.QualityStocks.com
Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-published: https://www.QualityStocks.com/Disclaimer
QualityStocks
Scottsdale, AZ
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
QualityStocks is powered by IBN
No comments:
Post a Comment