NEW YORKJune 4, 2026 /PRNewswire/ — Univest Securities, LLC, a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer headquartered in New York, today announced the completion of a registered direct offering (the “Offering”) of approximately $8 million for its client Hitek Global Inc. (NASDAQ: HKIT) (the “Company”), a China-based information technology consulting and solutions service provider.
Under the terms of the Securities Purchase Agreement, the Company agreed to sell to certain investors securities totaling approximately $8 million, consisting of 4,000,000 Class A ordinary shares (par value $0.015 per share) (the “Shares”) (or pre-funded warrants in lieu thereof) and 4,000,000 warrants (the “Warrants”), at a purchase price of $2.00 per share. Each Warrant has an exercise price of $4.5678 and is exercisable for 3.8 ordinary shares.
The gross proceeds to the Company from the Offering were $8 million.
Univest Securities, LLC acted as the sole placement agent for the Offering.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Univest Securities, LLC
Univest Securities, LLC has been registered with FINRA since 1994, providing a wide range of financial services to its global institutional and retail clients, including brokerage and execution services, sales and trading, market making, investment banking and advisory, and wealth management. It is committed to delivering value-added services to its clients and focuses on building long-term relationships. As a well-known institution on Wall Street, Univest Securities has successfully raised over $1.8 billion for global issuers and completed approximately 100 transactions covering various investment banking services since 2019, spanning industries such as technology, life sciences, industrials, and consumer goods. For more information, please visit: www.univest.us.
About Hitek Global Inc.
Hitek Global Inc., headquartered in Xiamen, China, is a China-based information technology consulting and solutions service provider. The Company operates two business lines: 1) Services for small and medium-sized enterprises (“SMEs”), including Anti-Counterfeit Tax Control System (“ACTCS”) tax control devices, ACTCS-related services, and IT services; and 2) Services for large enterprises, including hardware sales and software sales. The Company’s vision is to become a one-stop comprehensive information technology and other business consulting services platform in China. For more information, please visit the Company’s website: http://ir.xmhitek.com/.
Forward-Looking Statements
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding plans, objectives, strategies, future events or performance, and underlying assumptions and other statements that are not historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” or similar expressions (which are not solely related to historical matters), it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks, including but not limited to uncertainties related to market conditions and whether the initial public offering will be completed on the expected terms or at all, as well as other factors discussed in the “Risk Factors” section of the registration statement filed with the U.S. Securities and Exchange Commission. For these reasons, investors should not place undue reliance on any forward-looking statements in this press release. Other factors are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, available at www.sec.gov. Univest Securities and the Company undertake no obligation to publicly revise these forward-looking statements to reflect events or circumstances occurring after the date of this press release.
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