HiTek Global (HKIT)

• Hitek Global Inc. entered into an At-The-Market Issuance Sales Agreement with Aegis Capital Corp. on December 19, 2025.
• The agreement permits the Company to offer and sell Class A ordinary shares with an aggregate offering price of up to $100,000,000 through Aegis Capital Corp. as its sales agent.
• Aegis Capital Corp. will receive a commission of 3.0% of the gross proceeds from each sale of Placement Shares.
• The Company is not obligated to sell any shares, and Aegis Capital Corp. is not obligated to purchase any shares on a principal basis under the agreement.

• HiTek Global Inc. reported a net loss of $916,109 for the six months ended June 30, 2025, a significant decline from the net income of $121,662 for the same period in 2024.
• Total revenues decreased by 59.6% to $741,541 for the six months ended June 30, 2025, compared to $1,833,590 in the prior year, primarily due to reduced hardware, CIS software, and tax devices and service sales.
• The gross profit margin fell to 23.4% for the six months ended June 30, 2025, from 52.0% in the corresponding period of 2024, mainly attributed to a change in revenue mix with no CIS software sales.
• As of June 30, 2025, the company's cash balance was $8,198,325, an increase from $7,236,798 at December 31, 2024.
• On October 8, 2025, the company entered into an at-the-market sales agreement to offer and sell up to $4,003,458 in Class A Ordinary Shares.

• Hitek Global Inc. entered into a sales agreement with AC Sunshine Securities LLC on October 8, 2025, to establish an At-The-Market Offering Program for its Class A Ordinary Shares.
• The program allows for the issuance and sale of shares with an aggregate offering price of up to $30,000,000. However, as of the date of the report, the offering is subject to limitations under General Instruction I.B.5. of Form F-3, calculated based on the closing price of $1.99 per share on September 11, 2025.
• The Sales Agent will receive a commission of 3.5% of the aggregate gross proceeds from each sale of the Offered Securities.

The key financial details of the offering, as of Q4 2025, are presented below :