Latest F-1 registration statements

Uptrend Holdings Limited, a Hong Kong-based civil engineering and transportation subcontractor, is seeking to raise capital through an initial public offering on Nasdaq to expand its machinery fleet and workforce, despite a recent dip in net income and significant related-party transactions.

Japanese real estate firm GATES GROUP Inc. is pursuing a direct listing on the Nasdaq Capital Market, reporting a significant financial turnaround in 2024 with increased revenues and net income, while outlining strategic plans for U.S. expansion and a new global real estate auction platform.

FST Corp. files an amended F-1 registration statement to facilitate the issuance of shares upon warrant exercise and the resale of up to 35.18 million ordinary shares by existing securityholders following its January 2025 business combination.

Yimutian Inc., China's largest agricultural B2B platform, filed an amended F-1 registration statement for its initial public offering, seeking to raise up to US$16.3 million to fund technology and business expansion, while navigating significant operational losses and complex regulatory risks associated with its VIE structure in mainland China.

CTW Cayman has filed Amendment No. 4 to its F-1 registration statement, primarily to include the form of underwriting agreement and update exhibit details for its proposed public offering of Class A ordinary shares.

DEFSEC Technologies Inc. is registering a public offering of common shares, warrants, and pre-funded warrants to raise up to $7.5 million USD, aiming to bolster working capital and advance its defense and public safety technology portfolio.

TRYHARD Holdings Limited, a Japanese lifestyle entertainment company, filed an amended F-1 registration statement detailing its initial public offering of 1,525,000 Ordinary Shares on Nasdaq Capital Market, alongside a concurrent resale offering, and outlining its business operations, financial performance, and risk factors.

Boqii Holding Limited, a leading pet-focused platform in China, filed an amended registration statement for the resale of 1,875,006 Class A ordinary shares by selling shareholders, with the company not receiving any proceeds from the sale.

Platinum Analytics Cayman Limited, a Singapore-based FX trading software developer, is seeking to raise up to $9 million through an initial public offering on the Nasdaq Capital Market, despite a recent decline in revenue and net income, and concerns over its dual-class share structure and related-party transactions.

Rubico Inc., a Marshall Islands-incorporated shipping company, has filed an F-1 registration statement with the SEC for its Nasdaq Capital Market listing under 'RUBI' and to register up to 15 million common shares for resale by B. Riley Principal Capital II, LLC, enabling a potential $30 million equity financing facility for general corporate purposes, including fleet expansion.

OceanPal Inc. has filed a registration statement to offer additional units, including common shares and warrants, aiming to raise up to $11.21 million in new capital.

Uranium Royalty Corp. has filed a base shelf prospectus to offer up to $150 million in various securities, including common shares, preferred shares, warrants, subscription receipts, debt securities, and units, to fund operations, acquisitions, and working capital.

Digital asset platform Bullish, encompassing Bullish Exchange and CoinDesk, files for its initial public offering on the NYSE, reporting a Q1 2025 net loss of $349 million despite strong trading volume growth and strategic acquisitions.

Webull Corporation has filed an F-1 registration statement for the resale of up to 75.16 million Class A Ordinary Shares, including commitment shares, under a new $1 billion standby equity purchase agreement, while reporting a net loss of $22.7 million for 2024 despite strong operational growth in early 2025.

Multi Ways Holdings Limited is offering up to 18 million ordinary shares and warrants at a 30% discount to its recent market price, seeking to raise $3.3 million for working capital despite reporting a net loss and significant cash burn from operations in 2024.

Acco Group Holdings Limited, a Hong Kong and Singapore-based corporate services provider, has filed an F-1 registration statement for an initial public offering of 1.4 million ordinary shares on the Nasdaq Capital Market, with an anticipated price range of US$4.00 to US$6.00 per share.

Eastern International Ltd., a Cayman Islands holding company operating primarily through its logistics subsidiaries in China, has filed an F-1/A for its initial public offering on the Nasdaq Capital Market, aiming to raise up to $7.42 million by offering 1.6 million ordinary shares at an estimated price range of $4 to $5 per share.

Gifts International Holdings Limited, a Hong Kong-based corporate gifting company, is seeking to raise $6 million in an initial public offering on the Nasdaq Capital Market, despite a recent decline in net income and significant regulatory risks tied to its operations in Hong Kong and Macau.

Beta FinTech Holdings Limited, a Hong Kong-based financial services provider, has filed an amendment to its F-1 registration statement for an initial public offering of 2,000,000 ordinary shares on the Nasdaq Capital Market, following substantial revenue growth in its diverse service offerings.

Magnitude International Ltd, a Singapore-based electrical installation services provider, filed an F-1/A registration statement for its initial public offering of 2.2 million Ordinary Shares on Nasdaq, aiming to raise approximately $9.9 million in gross proceeds to fund strategic growth initiatives despite recent revenue declines.

Ambitions Enterprise Management Co. L.L.C, a Cayman Islands holding company operating MICE and tourism services in the UAE, is offering 1.5 million Class A Ordinary Shares on Nasdaq to fund new travel itineraries, global market expansion, and digital tourism robot development.

Algoma Steel Group Inc. has filed a Form F-10 registration statement to allow for the flexible issuance of various securities, including common shares, preferred shares, and debt securities, over a 25-month period.

RedCloud Holdings plc has filed an F-1 registration statement to allow selling stockholders to resell up to 21.7 million ordinary shares, including those from a recent $13.5 million private placement, while highlighting its AI-powered B2B platform for fast-moving consumer goods in emerging markets.

Blue Gold Limited, an exploration-stage gold mining company, has consummated its business combination and listed on Nasdaq, but faces significant financial challenges including a going concern doubt and an ongoing legal dispute over its primary mining leases in Ghana.

TNL Mediagene, an Asia-focused digital media and advertising technology company, filed an amended F-1 registration statement to register the resale of up to 8.5 million ordinary shares by existing securityholders, while disclosing significant 2024 net losses and ongoing efforts to improve financial conditions.

Megan Holdings Limited, a Malaysian aquaculture and agriculture farm developer, has filed an amended F-1 registration statement for its initial public offering on the Nasdaq Capital Market, seeking to raise approximately $5 million, despite a recent 29.3% decrease in revenue for the financial year ended December 31, 2024.

BUUU Group Limited has filed an amendment to its F-1 registration statement, requesting a waiver from the SEC's 12-month financial statement requirement for its upcoming initial public offering due to the impracticability of providing June 30, 2025 audited financials before October 2025.

Oriental Rise Holdings Limited has filed its second amendment to its Form F-1 registration statement, primarily to update exhibits and delay the effective date of its proposed public offering.

Otsaw Limited, a Singapore-based autonomous mobile robot and robotics solutions company, has filed an amended F-1 registration statement for its initial public offering on Nasdaq, outlining its business, financial performance, and growth strategies despite a history of net losses and working capital deficits.

Club Versante Group Limited, a Canada-based restaurant group, filed an F-1 registration statement for its initial public offering of Ordinary Shares on the Nasdaq Capital Market, aiming to expand its restaurant and bar network.