UCLOUDLINK GROUP INC. Announces Suspension of | U.S. Finance News
UCLOUDLINK declares suspension of financing actions till August 2025, specializing in core business growth and new market growth.Quiver AI SummaryUCLOUDLINK GROUP INC. introduced that it’ll not pursue any financing actions beneath its current Form F-3 registration assertion till its expiration on August 7, 2025, and won’t file a new registration assertion till the tip of the primary quarter of 2026. The determination is available in mild of improved financial efficiency and stability following challenges posed by the COVID-19 pandemic. CEO Chaohui Chen said that the company now goals to concentrate on increasing its core business segments and innovating new options to reinforce income streams and consumer engagement. UCLOUDLINK, acknowledged as a chief in cell information site visitors sharing, plans to leverage its distinctive technology to proceed growth and create long-term worth for shareholders.
Potential Positives
Potential Negatives
FAQWhat current determination did UCLOUDLINK make relating to its Form F-3 registration assertion?UCLOUDLINK determined to not conduct financing actions beneath its current Form F-3 till August 7, 2025.How does UCLOUDLINK plan to focus its assets sooner or later?The Company will think about growing core business parts and increasing into high-potential markets.What are the important thing business parts for UCLOUDLINK?Key parts embrace GlocalMe MBB/FBB, GlocalMe Life, GlocalMe SIM, and GlocalMe IoT business.What improvements does UCLOUDLINK deliver to cell information connectivity?UCLOUDLINK leverages cloud SIM technology to supply dependable connectivity, high speeds, and aggressive pricing.Who might be contacted for more details about UCLOUDLINK?For inquiries, contact UCLOUDLINK’s Investor Relations at [email protected] or +852-2180-6111.
Disclaimer: This is an AI-generated abstract of a press release distributed by GlobeNewswire. The model used to summarize this release could make errors. See the total release right here.
$UCL Hedge Fund ActivityWe have seen 2 institutional buyers add shares of $UCL stock to their portfolio, and 6 lower their positions of their most up-to-date quarter.Here are some of the most important current strikes:
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HONG KONG, June 13, 2025 (GLOBE NEWSWIRE) — UCLOUDLINK GROUP INC. (“UCLOUDLINK” or the “Company”) (NASDAQ: UCL), the world’s first and main cell information site visitors sharing market, at the moment introduced that after cautious consideration of present market circumstances and shareholder pursuits, the Company has determined to not conduct any financing actions beneath its current Form F-3 registration assertion from the date of this announcement till the expiration of the registration assertion on August 7, 2025, and won’t renew the registration assertion. Additionally, the Company commits to not file any new registration assertion on Form F-3 till the tip of the primary quarter of 2026.
Mr. Chaohui Chen, Director and Chief Executive Officer of UCLOUDLINK, commented, “The Form F-3 registration statement was initially filed in 2021 to prepare ourselves for the severe impact the COVID-19 pandemic had on our international data connectivity business and on our cash flow. In response to the uncertainties in the global capital markets at the time, we decided to put in place financing options which we can draw from when needed in order to ensure business sustainability and continuity. We were however able to overcome external challenges and achieve steady growth in our net operating cash inflows and continued improvement in our financial position and results for three consecutive years (2022–2024), by strengthening cost controls, streamlining operational efficiencies, optimizing research and development endeavors, and accelerating product commercialization.”
“Looking ahead, UCLOUDLINK will concentrate its resources on the growth of core business components including
GlocalMe
MBB/FBB,
GlocalMe
Life,
GlocalMe
SIM and
GlocalMe
IoT business, accelerating the commercialization of new solutions and services and expanding into high-potential markets. With these innovative solutions increasingly creating new revenue streams and broadening our user base, I am confident that we are on the right track to build an integrated and comprehensive global mobile data traffic sharing marketplace that will create long-term value for our shareholders,” Mr Chen added.
About UCLOUDLINK GROUP INC.
UCLOUDLINK is the world’s first and main cell information site visitors sharing market, pioneering the sharing economic system business model for the telecommunications industry. The Company’s services ship distinctive worth propositions to cell information customers, handset and smart-hardware corporations, cell digital community operators (MVNOs) and cell community operators (MNOs). Leveraging its revolutionary cloud SIM technology and structure, the Company has redefined the cell information connectivity expertise by permitting customers to gain entry to cell information site visitors allowance shared by community operators on its market, whereas offering dependable connectivity, high speeds and aggressive pricing.
Safe Harbor Statement
This announcement comprises forward-looking statements. These statements are made beneath the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements might be recognized by terminology comparable to “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and comparable statements. Among different issues, the financial steerage and quotations from management on this announcement, in addition to UCLOUDLINK’s strategic and operational plans, include forward-looking statements. UCLOUDLINK can also make written or oral forward-looking statements in its periodic studies to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and different written supplies and in oral statements made by its officers, administrators or workers to 3rd events. Statements that aren’t historic information, together with however not restricted to statements about UCLOUDLINK’s beliefs and expectations, are forward-looking statements. Forward trying statements contain inherent dangers and uncertainties. A quantity of components might trigger precise outcomes to vary materially from these contained in any forward-looking assertion, together with however not restricted to the next: UCLOUDLINK’s methods; UCLOUDLINK’s future business development, financial situation and outcomes of operations; UCLOUDLINK’s capacity to increase its consumer base and utilization of its cell information connectivity providers, and improve operational effectivity; competitors within the international cell information connectivity service industry; modifications in UCLOUDLINK’s revenues, prices or expenditures; governmental insurance policies and laws referring to the worldwide cell information connectivity service industry, common financial and business circumstances globally and in China; the affect of the COVID-19 pandemic to UCLOUDLINK’s business operations and the economic system in China and elsewhere usually; and assumptions underlying or associated to any of the foregoing. Further data relating to these and different dangers is included within the Company’s filings with the Securities and Exchange Commission. All data supplied on this press release and within the attachments is as of the date of the press release, and UCLOUDLINK undertakes no responsibility to replace such data, besides as required beneath relevant law.
For more data, please contact:
UCLOUDLINK GROUP INC.Daniel GaoTel: +852-2180-6111E-mail:
Investor Relations:Christensen AdvisoryChristian Arnell, Managing DirectorTel: +852 2117 0861E-mail:
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
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