Univest Securities Closes $3M Offering for Hitek Global

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Univest Securities, LLC, a New York-based investment bank, announced the closing of a $3 million registered direct offering for its client Hitek Global Inc., a China-based IT consulting and solutions provider. Under the terms, Hitek Global sold 100 million Class A ordinary shares to institutional investors at $0.03 per share. Univest Securities acted as the sole placement agent for the offering, which was made pursuant to a shelf registration statement previously filed with the SEC.

Why it matters

The capital raise will help Hitek Global expand its IT consulting and solutions services in China, where it serves both small-to-medium businesses and large enterprises. As a prominent name on Wall Street, Univest Securities has successfully raised over $1.7 billion in capital for issuers globally since 2019, demonstrating its ability to connect Chinese firms with international investors.

The details

The registered direct offering involved the sale of 100 million Class A ordinary shares of Hitek Global Inc. at $0.03 per share, generating gross proceeds of $3 million for the company. Univest Securities, LLC acted as the sole placement agent for the transaction, which was made pursuant to a shelf registration statement previously filed with and declared effective by the U.S. Securities and Exchange Commission.

• The offering closed on March 31, 2026.
• Hitek Global's shelf registration statement was filed with and declared effective by the SEC on May 29, 2024.

What’s next

Hitek Global plans to actively develop its system integration services and online service platform in the near future to expand its IT consulting and solutions offerings in China.