Business Context and Reporting Period
This Form 6-K filing by Youxin Technology Ltd covers the month of December 2024. The report details the successful completion of the Company's initial public offering (IPO) and its subsequent listing on The Nasdaq Capital Market under the ticker symbol "YAAS."
Key Financial Metrics and Transaction Details
- Offering Structure: The Company sold 2,300,000 Class A ordinary shares in the IPO and facilitated a resale offering of 1,875,000 shares.
- Share Price: Shares were priced at $4.50 per share on a firm commitment basis.
- Underwriting: Aegis Capital Corp. served as the Representative under an agreement dated December 19, 2024.
- Warrants: The Company issued a warrant to the Representative to purchase up to 115,000 shares.
- Trading Commencement: Trading began on December 20, 2024.
Note: This filing is a transactional report regarding the IPO and does not provide standard financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity figures.
Material Changes
The primary material change reported is the transition from a private entity to a publicly traded company on The Nasdaq Capital Market. The registration statement (File No. 333-274404) was declared effective by the SEC on December 19, 2024, and the offering closed on December 23, 2024.
Guidance, Outlook, and Risks
The filing does not contain management commentary on future guidance, outlook, or specific operational risks. It includes a standard legal disclaimer stating that the report does not constitute an offer to sell securities in jurisdictions where such an offer would be unlawful prior to registration.
Investor Verification Checklist
- Verify the final closing date of the IPO (December 23, 2024) and the commencement of trading (December 20, 2024).
- Confirm the total number of shares sold (2,300,000 new shares + 1,875,000 resale shares).
- Review the attached Underwriting Agreement (Exhibit 1.1) for lock-up periods and underwriting fees.
- Examine the Representative's Warrant (Exhibit 4.1) for exercise price and expiration terms.
- Check the press releases (Exhibits 99.1 and 99.2) for any additional use-of-proceeds details not explicitly summarized in the text.