UB-X Technology Closing of $10M IPO

Winston & Strawn represented EF Hutton as underwriters counsel, in connection with U-BX Technology Ltd., an artificial intelligence-driven value-added services and products provider to insurance carriers, in the closing of its $10 million initial public offering. U-BX Technology granted EF Hutton, the underwriter, an option to purchase up to an additional 300,000 Ordinary Shares at the public offering price, less underwriting discounts, to cover the over-allotments, if any, exercisable within 45 days from the closing date of the Offering.

The Company has granted the underwriters an option, within 45 days from the closing date of the Offering, to purchase up to an additional 300,000 ordinary shares, less underwriting discounts, to cover the over-allotment option.