Uni-Fuels Launches $2.35M ATM With Rodman as Reverse Split Looms
UFG is trading near its 52-week low of $0.34 (1.0% above the low).
Summary
Uni-Fuels set up a US$2.35 million at-the-market stock sale through Rodman & Renshaw, with no shares sold yet. The program adds dilution pressure while the stock sits near its low and a 1-for-10 reverse split awaits Nasdaq effectiveness.
Key Events · Financing and Capital Events · UFG
-
New $2.35M ATM Program Signed
A Sales Agreement dated October 23, 2026 with Rodman & Renshaw LLC lets Uni-Fuels sell up to US$2,354,291 of Class A Ordinary Shares from time to time at market prices.
-
Dilution If Fully Sold
At the October 22, 2026 close of US$0.3531, full utilization implies about 6,667,491 new Class A shares, raising the count from 9,815,000 to 16,482,491 — roughly 68% more Class A shares outstanding.
-
Fees and Expenses
Rodman gets a 3.0% placement fee, up to US$75,000 of counsel reimbursement, and the company estimates about US$361,000 in other offering expenses.
-
Nasdaq Bid Deficiency Overhang
The company remains below the US$1.00 minimum bid and has until January 25, 2027 to regain compliance; the 1-for-10 reverse split approved October 16, 2026 has not yet begun trading on a post-split basis.
Analysis · UFG · Trade & Services
Uni-Fuels signed a new at-the-market sales agreement with Rodman & Renshaw on October 23, 2026, allowing it to drip up to US$2,354,291 of Class A shares into the market at its discretion. No shares have been sold yet — this is authorization, not execution. The size is small in absolute terms but meaningful for a company whose entire public float was about US$7.06 million as of September 9, 2026, and it lands while the stock trades near its 52-week low and the 1-for-10 reverse split approved October 16, 2026 has not yet taken effect on Nasdaq. Selling stock into a sub-$1 bid ahead of that split adds downward pressure just as the company needs the price to hold above US$1.00 to cure its Nasdaq deficiency by January 25, 2027.
How filings like this one have moved
In the 30 days to Oct 24, 2026, 29.4% of the 1486 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.14%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, UFG was trading at $0.34 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $11.5M. The 52-week trading range was $0.34 to $1.56. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.