XCHG Ltd has a Form F-1 registration statement on file for an initial public offering; the original was filed before the period this page covers, and the earliest filing here is an amendment filed on 2024-07-29. Amendments on record here: 3. It filed its final prospectus on 2024-09-10. Each fact below is quoted from the filing named with it.
What the filings say
Listing
We have been approved for listing the ADSs representing our Class A ordinary shares on the Nasdaq Global Market (the “Nasdaq”) under the symbol “XCH.”From the 424B4 filed 2024-09-10
Shares offered
We are offering a total of 3,333,335 ADSs, each representing 40 of our Class A ordinary shares, par value US$0.00001 per share.From the 424B4 filed 2024-09-10
Use of proceeds
We intend to use the net proceeds from the offering for the following purposes:From the 424B4 filed 2024-09-10
Revenue
For example, our revenue increased from US$13.2 million in 2021 to US$29.4 million in 2022, and further to US$38.5 million in 2023, and increased from US$7.4 million in the three months ended March 31, 2023 to US$11.2 million in the same period of 2024.From the F-1/A filed 2024-08-30
Net loss or income
In addition, we recorded net loss of US$2.1 million, net income of US$1.6 million, net loss of US$8.1 million and net income of US$0.2 million and US$0.7 million in 2021, 2022, 2023 and the three months ended March 31, 2023 and 2024, respectively, while we recorded adjusted net loss of US$2.1 million, adjusted net income of US$1.8 million, adjusted net income of US$0.8 million, adjusted net income of US$0.2 million and adjusted net income of US$0.9 million, respectively.From the F-1/A filed 2024-08-30
Timeline
| Filed | What it is | Filing |
|---|---|---|
| 2024-07-29 | Registration statement amended (foreign issuer) | F-1/A |
| 2024-08-16 | Registration statement amended (foreign issuer) | F-1/A |
| 2024-08-30 | Registration statement amended (foreign issuer) | F-1/A |
| 2024-09-10 | Final prospectus filed: the offering is priced | 424B4 |
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Where this comes from
A company that wants to sell shares to the public in the United States files a registration statement with the SEC: Form S-1 for a US company, Form F-1 for a foreign one. It amends that statement as the figures and terms are filled in, usually adding the expected price range shortly before the offering. Once the offering is priced it files its final prospectus under Rule 424(b)(4). A company that decides not to go ahead can ask for the registration statement to be withdrawn on Form RW.
Every row on this page is one of those filings, linked to the filing itself. The facts are the company's own sentences, quoted from the filing named beside each one and never reworded; where no filing states a fact in a sentence that can be read exactly, this page leaves it out. A filing is the company's statement of its plans and its figures, not a verification of them, and nothing here is investment advice.