QualityStocksNewsBreaks – 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,…
