UCLOUDLINK announces suspension of financing activities until August 2025, focusing on core business growth and new market expansion.
Quiver AI Summary
UCLOUDLINK GROUP INC. announced that it will not pursue any financing activities under its existing Form F-3 registration statement until its expiration on August 7, 2025, and will not file a new registration statement until the end of the first quarter of 2026. The decision comes in light of improved financial performance and stability following challenges posed by the COVID-19 pandemic. CEO Chaohui Chen stated that the company now aims to focus on expanding its core business segments and innovating new solutions to enhance revenue streams and user engagement. UCLOUDLINK, recognized as a leader in mobile data traffic sharing, plans to leverage its unique technology to continue growth and create long-term value for shareholders.
Potential Positives
- The company has demonstrated steady growth in net operating cash inflows and improved financial results over three consecutive years (2022-2024).
- UCLOUDLINK plans to concentrate resources on its core business components, which could drive further growth and revenue generation.
- The decision to not conduct financing activities under the existing Form F-3 registration statement reflects confidence in the company’s current financial health and operational stability.
Potential Negatives
- The decision to not conduct financing activities under the existing Form F-3 registration statement may indicate a lack of confidence in the company’s immediate financial needs and market conditions.
- The commitment not to file any new registration statement until the end of the first quarter of 2026 could limit the company’s ability to raise funds for potential growth opportunities or operational needs during that period.
- While the company reported steady growth from 2022-2024, the previous need for a Form F-3 registration statement was in response to severe impacts from the COVID-19 pandemic, suggesting lingering vulnerabilities in financial stability.
FAQ
What recent decision did UCLOUDLINK make regarding its Form F-3 registration statement?
UCLOUDLINK decided not to conduct financing activities under its existing Form F-3 until August 7, 2025.
How does UCLOUDLINK plan to focus its resources in the future?
The Company will concentrate on growing core business components and expanding into high-potential markets.
What are the key business components for UCLOUDLINK?
Key components include GlocalMe MBB/FBB, GlocalMe Life, GlocalMe SIM, and GlocalMe IoT business.
What innovations does UCLOUDLINK bring to mobile data connectivity?
UCLOUDLINK leverages cloud SIM technology to provide reliable connectivity, high speeds, and competitive pricing.
Who can be contacted for more information about UCLOUDLINK?
For inquiries, contact UCLOUDLINK’s Investor Relations at ir@ucloudlink.com or +852-2180-6111.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$UCL Hedge Fund Activity
We have seen 2 institutional investors add shares of $UCL stock to their portfolio, and 6 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- RENAISSANCE TECHNOLOGIES LLC added 49,200 shares (+89.8%) to their portfolio in Q1 2025, for an estimated $60,762
- TWO SIGMA SECURITIES, LLC removed 18,172 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $22,442
- XTX TOPCO LTD removed 12,245 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $15,122
- UBS GROUP AG removed 4,498 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $5,555
- SBI SECURITIES CO., LTD. added 1,975 shares (+39.3%) to their portfolio in Q1 2025, for an estimated $2,439
- CAITONG INTERNATIONAL ASSET MANAGEMENT CO., LTD removed 680 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $839
- BLACKROCK, INC. removed 508 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $1,066
To track hedge funds’ stock portfolios, check out Quiver Quantitative’s institutional holdings dashboard.
Full Release
HONG KONG, June 13, 2025 (GLOBE NEWSWIRE) — UCLOUDLINK GROUP INC. (“UCLOUDLINK” or the “Company”) (NASDAQ: UCL), the world’s first and leading mobile data traffic sharing marketplace, today announced that after careful consideration of current market conditions and shareholder interests, the Company has decided not to conduct any financing activities under its existing Form F-3 registration statement from the date of this announcement until the expiration of the registration statement on August 7, 2025, and will not renew the registration statement. Additionally, the Company commits not to file any new registration statement on Form F-3 until the end of the first 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 leading mobile data traffic sharing marketplace, pioneering the sharing economy business model for the telecommunications industry. The Company’s products and services deliver unique value propositions to mobile data users, handset and smart-hardware companies, mobile virtual network operators (MVNOs) and mobile network operators (MNOs). Leveraging its innovative cloud SIM technology and architecture, the Company has redefined the mobile data connectivity experience by allowing users to gain access to mobile data traffic allowance shared by network operators on its marketplace, while providing reliable connectivity, high speeds and competitive pricing.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, the financial guidance and quotations from management in this announcement, as well as UCLOUDLINK’s strategic and operational plans, contain forward-looking statements. UCLOUDLINK may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about UCLOUDLINK’s beliefs and expectations, are forward-looking statements. Forward looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: UCLOUDLINK’s strategies; UCLOUDLINK’s future business development, financial condition and results of operations; UCLOUDLINK’s ability to increase its user base and usage of its mobile data connectivity services, and improve operational efficiency; competition in the global mobile data connectivity service industry; changes in UCLOUDLINK’s revenues, costs or expenditures; governmental policies and regulations relating to the global mobile data connectivity service industry, general economic and business conditions globally and in China; the impact of the COVID-19 pandemic to UCLOUDLINK’s business operations and the economy in China and elsewhere generally; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release, and UCLOUDLINK undertakes no duty to update such information, except as required under applicable law.
For more information, please contact:
UCLOUDLINK GROUP INC.
Daniel Gao
Tel: +852-2180-6111
E-mail:
ir@ucloudlink.com
Investor Relations:
Christensen Advisory
Christian Arnell, Managing Director
Tel: +852 2117 0861
E-mail:
ucloudlink@christensencomms.com
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