Research analysts covering U-BX Technology.
Recent press releases and 8-K filings for UBXG.
U-BX Technology Ltd. Shareholders Approve Capital Restructuring, Dual-Class Shares, and Name Change
UBXG
Proxy Vote Outcomes
Auditor Change
- At the annual general meeting held on November 4, 2025, shareholders of U-BX Technology Ltd. approved an increase in the company's authorized share capital to USD 250,000,000.00.
- The adoption of a dual-class share structure was approved, re-designating existing ordinary shares as Class A (1 vote per share, dividend entitlement) and creating 5,000,000,000 Class B ordinary shares (20 votes per share, no dividend entitlement), both with a par value of USD 0.0016 each.
- A share consolidation was approved, with a ratio ranging from 1-for-2 to 1-for-250, the exact ratio to be determined by the Board of Directors.
- Shareholders also approved changing the company's name from "U-BX Technology Ltd." to "MindForge Inc.".
- HTL International, LLC was appointed as the independent registered public accounting firm for the fiscal year ending June 30, 2026.
Nov 6, 2025, 9:30 PM
U-BX Technology Ltd. Proposes Dual-Class Share Structure, Reverse Stock Split, and Name Change
UBXG
Delisting/Listing Issues
Share Buyback
- U-BX Technology Ltd. is proposing to adopt a dual-class share structure where existing ordinary shares will be re-designated as Class A Ordinary Shares (one vote per share) and 5,000,000,000 authorized but unissued shares will become Class B Ordinary Shares (twenty votes per share), with Class B shares not entitled to dividends.
- The company plans a share capital increase from USD 1,000,000.00 to USD 250,000,000.00 and a share consolidation (reverse stock split) at a ratio between 1-for-2 and 1-for-250 to help maintain its Nasdaq listing by meeting the minimum bid price requirement.
- As part of the dual-class structure adoption, certain shareholders, including Jian Chen, will have their Class A Ordinary Shares repurchased and an equal number of Class B Ordinary Shares issued to them, with Jian Chen exchanging 6,934,884 shares.
- The company also proposes to change its name from U-BX Technology Ltd. to MindForge Inc. to align with its global marketing and expansion plan and future business strategies.
Oct 15, 2025, 8:30 PM
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