Haoxi Health Closes $4M Registered Direct Offering at $0.40/Share, Initially Issuing 5.1M Shares
HAO is trading near its 52-week low of $0.235 (7.4% above the low) on elevated volume (3.2× avg).
Summary
Haoxi Health closed a $4M registered direct offering at $0.40/share, initially issuing 5.1M shares with 4.9M pre-funded warrants still outstanding. Investors can buy more at the same price until September 30, 2026.
Key Events · Financing and Capital Events · HAO
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$4M Offering Closed
Closed a $4 million registered direct offering of 300,000 Class A ordinary shares at $0.40/share and 9.7 million pre-funded warrants at $0.07 each, with an exercise price of $0.33 per share.
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Initial Issuance and Remaining Warrants
At initial closing, issued 300,000 shares and 480,000 shares upon exercise of 4.8 million pre-funded warrants, leaving 4.9 million pre-funded warrants outstanding, representing potential additional dilution of ~70% of current outstanding Class A shares.
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Additional Allocation Rights
Investors can purchase up to 100% of their initial allocation at the same price until September 30, 2026, potentially bringing in more capital but also further dilution.
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Lock-Up Agreements
Directors, officers, and >5% shareholders signed 90-day lock-up agreements, restricting sales of their shares until October 11, 2026.
Analysis · HAO · Trade & Services
Haoxi Health closed a $4 million registered direct offering, issuing 300,000 Class A ordinary shares and 480,000 shares upon partial exercise of pre-funded warrants. Priced at $0.40 per share—a premium to the current market price of $0.2523—the structure includes 9.7 million pre-funded warrants with a nominal exercise price of $0.33, creating significant potential dilution. Investors have the right to purchase up to 100% of their initial allocation at the same price until September 30, 2026, which could bring in additional capital but also further dilution. The company also entered into 90-day lock-up agreements with insiders and major shareholders. This financing follows a series of capital-raising and restructuring efforts, including a recent reverse split and a massive increase in authorized shares, reflecting ongoing cash needs and a going concern warning.
At the time of this filing, HAO was trading at $0.25 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $590.1K. The 52-week trading range was $0.24 to $285.44. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.