VenHub Global, Inc. (VHUB) Form S-1/A — Sep 10, 2026
VenHub Global filed an S-1/A to register the resale of 24,913,571 common shares by selling stockholders, roughly 25.6% of the 97,427,857 shares outstanding. The largest block is up to 18,278,571 ELOC shares issuable to Euphoria Capital under a $100 million equity purchase agreement, alongside 800,000 commitment shares already issued to the fund, 500,000 shares sold to Craig Horn at $1.00, and 5,335,000 service-agreement shares issued to five providers.
Key figures
- Net Income
- Net loss of approximately $62.4 million in FY2025 and $9.4 million in FY2024
- Cash Position
- Approximately $2.56 million as of June 30, 2026 (vs. $0.089 million at December 31, 2025)
- Gross Proceeds
- Up to $100,000,000 potentially receivable by the company from ELOC draws; company receives no proceeds from selling stockholder resales
- Shares Offered
- 24913571
- Shares Outstanding
- 97427857
- Last Close Price
- 0.849
- Eloc Max Daily Put
- Lesser of $25,000,000 divided by prior closing price or 20% of prior day average daily volume
- Holders Of Record
- 2764
- Liquidity Runway
- Sufficient liquidity anticipated into Q1 2027
- Authorized Shares
- 300000000
- Commitment Shares
- 800000
- Eloc Max Commitment
- $100,000,000 over a 24-month commitment period
- Accumulated Deficit
- Approximately $109.2 million as of June 30, 2026 ($82.17 million at December 31, 2025)
- Spa Shares Craig Horn
- 500,000 shares at $1.00 per share
- Warrants Outstanding
- 405,162 at $4.32 (cashless), 7,700,000 at $2.45, 385,000 at $2.695
- Voting Control Percent
- Approximately 78% (CEO and Chairwoman via SSO, LLC; Series C preferred carries 1,000 votes per share)
- Eloc Exchange Cap Shares
- 18278571
- Prior Authorized Shares
- 100000000
- Negative Working Capital
- Approximately $1.77 million as of June 30, 2026
- Eloc Purchase Price Formula
- 97% of average VWAP over three consecutive trading days
- Nasdaq Compliance Deadline
- March 1, 2027
- Eloc Beneficial Ownership Cap
- 4.99%
- Second Tranche Service Shares
- 5335000
- Estimated Registration Expenses
- $56,907
- February2026 Placement Gross Proceeds
- $18,865,000
Price after filing
1 day: +8.7%7 days: -16.2%30 days: -50.0%
Close on the filing date to close N calendar days later (from $0.85). Historical, not a forecast.
AI analysis
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