Welcome to our dedicated page for U-BX Technology Ltd. news (Ticker: UBXG), a resource for investors and traders seeking the latest updates and insights on U-BX Technology Ltd. stock.
U-BX Technology Ltd (UBXG) delivers AI-powered insurtech solutions through its Magic Mirror risk assessment platform and digital promotion services for insurance providers in Mainland China. This news hub provides investors and industry professionals with essential updates about the company's strategic initiatives and market position.
Access timely reports on earnings announcements, technology partnerships, and regulatory developments. Our curated collection includes press releases about AI implementation milestones, risk analysis innovations, and expansion of value-added services for insurance carriers.
Key updates cover operational developments in digital marketing optimization, actuarial technology enhancements, and client acquisition strategies. Stay informed about UBXG's progress in integrating social media analytics with insurance underwriting processes through verified corporate communications.
Bookmark this page for consolidated access to U-BX Technology's official announcements. Regularly updated content enables stakeholders to track the company's performance in transforming insurance services through artificial intelligence and data-driven marketing solutions.
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.
FAQ
What is the current stock price of U-BX Technology Ltd. (UBXG)?
What is the market cap of U-BX Technology Ltd. (UBXG)?
