Univest Securities Closes $3M Offering for Hitek Global

The registered direct offering will support the China-based IT consulting firm's growth plans.

Mar. 31, 2026 at 9:19pm

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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. (NASDAQ: HKIT), a China-based IT consulting and solutions provider. Under the terms, Hitek Global sold 100 million of its Class A ordinary shares to institutional investors at $0.03 per share. Univest Securities acted as the sole placement agent for the offering.

Why it matters

The capital raise will allow Hitek Global to further develop its IT consulting services and online platform as it seeks to become a one-stop destination for business technology solutions in China. The deal also highlights Univest Securities' role in helping Chinese firms access U.S. capital markets.

The details

The registered direct offering was made pursuant to Hitek Global's existing shelf registration statement. The company plans to use the $3 million in gross proceeds to support its growth initiatives, including expanding its system integration services and online service platform.

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

The players

Univest Securities, LLC

A New York-based investment bank and securities broker-dealer firm that acted as the sole placement agent for Hitek Global's $3 million registered direct offering.

Hitek Global Inc.

A China-based information technology consulting and solutions service provider that raised $3 million through the registered direct offering.

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The takeaway

The successful capital raise for Hitek Global demonstrates Univest Securities' ability to help Chinese technology firms access U.S. public markets and secure growth funding, despite ongoing geopolitical tensions between the two countries.