Welcome to our dedicated page for U-BX Technology Ltd. Ordinary Shares news (Ticker: UBXG), a resource for investors and traders seeking the latest updates and insights on U-BX Technology Ltd. Ordinary Shares stock.
U-BX Technology Ltd. (symbol: UBXG) specializes in providing value-added services through artificial intelligence to businesses in the insurance industry. The company aids insurance carriers and brokers in enhancing their visibility on various social media platforms, thereby boosting revenue through consumer interactions such as clicks, views, and promotional engagements.
One of the standout innovations from U-BX Technology Ltd. is their proprietary algorithm, Magic Mirror, designed to assist insurance carriers in calculating payout risks for auto insurance coverage. This cutting-edge technology helps streamline the underwriting process, making it more efficient and accurate.
U-BX Technology Ltd. has built a strong reputation by forming strategic partnerships and delivering innovative solutions that address the evolving needs of the insurance market. Their AI-driven technologies provide institutional clients with the tools they need to thrive in a competitive environment.
Recent achievements include expanding their market reach and solidifying their position as a key player in the insurance technology sector. The company continues to invest in research and development to enhance their product offerings and maintain their competitive edge.
With a robust financial condition and a forward-thinking approach, U-BX Technology Ltd. is well-positioned to capitalize on the growing demand for AI solutions in the insurance industry. Their ongoing projects and partnerships underscore their commitment to innovation and customer satisfaction.
For the latest updates and developments related to U-BX Technology Ltd., stay tuned to this page.
U-BX Technology (NASDAQ:UBXG) has announced a 1-for-16 reverse stock split effective November 27, 2024. The split will reduce outstanding ordinary shares from 29.7 million to approximately 1.9 million. The company will continue trading under the symbol 'UBXG' with a new CUSIP number G9161K112. The split was approved by shareholders on October 24, 2024, and the ratio was determined by the Board on November 2, 2024. The company will amend its Memorandum of Association to adjust the authorized shares and change the par value to $0.0016 per share. Shareholders entitled to fractional shares will receive one full share.
U-BX Technology (NASDAQ:UBXG) has received notifications from Nasdaq regarding two compliance issues. First, the company's stock price has been below $1.00 for 31 consecutive business days, violating Rule 5550(a)(2). Second, its Market Value of Listed Securities (MVLS) has been below $35 million for 30 consecutive business days, violating Rule 5550(b)(2). Nasdaq has granted U-BX until April 21, 2025 to regain compliance on both issues. The company must maintain a closing bid price of $1.00 or higher and an MVLS of $35 million or more for at least ten consecutive business days to resolve these matters.
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