InvestorWire NewsRoom


InvestorNewsBreaks – U-BX Technology (NASDAQ: UBXG) Closes on $10M Public Offering
April 3, 2024

InvestorNewsBreaks – U-BX Technology (NASDAQ: UBXG) Closes on $10M Public Offering

U-BX Technology (NASDAQ: UBXG), an artificial intelligence-driven, value-added services and products provider to insurance carriers, has closed on its initial public offering. The offering, which closed on April 1, 2024, comprised 2 million ordinary shares at an initial public offering price of $5 per share, resulting in gross proceeds of $10 million before standard deductions and offering expenses. In addition, the company granted the underwriter an option to purchase up to an additional 300,000 shares at the public offering price to cover any overallotments. U-BX Technology anticipates using the funds from the offering for research and development, advertising and marketing, and general working capital. EF Hutton acted as sole bookrunner for the offering.

To view the full press release, visit

About U-BX Technology Ltd.

UB-X Technology is a provider of insurance technology headquartered in Beijing, China. The company focuses on providing value-added services using artificial intelligence-driven technology to businesses within the insurance industry. The company’s services and products primarily include digital promotion services, risk assessment services and value-added bundled benefits to insurance carriers. For more information, visit the company’s website at

About InvestorWire

InvestorWire (“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.

For more information, please visit

Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published:

Los Angeles, CA
310.299.1717 Office
[email protected]

InvestorWire is powered by IBN

Recent NewsBreaks

NewsBreaks Categories

Get Started with InvestorWire

To distribute a release in the next 24 hours. Contact our client services team.

(862) 930-1404

Distribute a press release. Submit your release to get started.

Submit Press Release

Set up a Live demonstration. Schedule a date and time that works for you.

Schedule a LIVE Demo

Press Distribution

Explore Press Distribution Solutions

All releases include an unlimited word count* with full wire-grade syndication, our press release enhancement service, and a follow-up InvestorNewsBreak article distributed to thousands of editorial syndication partners.

Discover Add-on Solutions

Increase the impact of your achievements by adding these exclusive solutions from InvestorWire, delivered in conjunction with the InvestorBrandNetwork (IBN).