Uni-Fuels Holdings Ltd (UFG) Form 424B5 — Oct 23, 2026
Uni-Fuels Holdings (UFG) filed a 424B5 prospectus supplement on October 23, 2026 launching an at-the-market offering of up to US$2,354,291 in Class A ordinary shares through Rodman & Renshaw, with a 3.0% placement fee. At the assumed US$0.3531 price, full utilization would add roughly 6.67 million shares against 9.82 million outstanding — roughly 68% share count growth — for working capital and general corporate purposes. The offering comes with the company out of compliance with Nasdaq's US$1.00 minimum bid price (deficiency notice July 27, 2026, cure deadline January 25, 2027) and just after a 1-for-10 share consolidation effective under Cayman law on October 16, 2026.
Key figures
- Total Debt
- 4388443
- Cash Position
- 12185940
- Gross Proceeds
- 2354291
- Offering Price
- US$0.3531 per share assumed (ATM, no fixed price); Nasdaq close Oct 22, 2026
- Shares Offered
- 6667491
- Placement agent fee
- 3.0% of gross sales price
- Reverse split ratio
- 1:10
- Public float sep 9 2026
- 7062874
- Reverse split effective
- 2026-10-16 (Cayman law; Nasdaq trading adjustment pending)
- Nasdaq close oct 22 2026
- 0.3531
- Counsel reimbursement cap
- 75000
- Nasdaq compliance deadline
- 2027-01-25
- Shares outstanding class a
- 9815000
- Commercial paper series 006
- 3000000
- Estimated offering expenses
- 361000
- Total liabilities jun 30 2026
- 33400000
- Shares outstanding class a post atm assumed
- 16482491
- Shares outstanding class b pre consolidation
- 22650000
AI analysis
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