Company: BGHL
Filing Date: 2025-09-25
Form Type: F-1/A
Source: 0001213900-25-091359
Chunk: 81

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-09-25
Form: F-1/A
Chunk 81
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 Act. If our securities are unable to be listed on another securities exchange by then, such a delisting would substantially impair your ability to sell or purchase our Ordinary Shares when you wish to do so, and the risk and uncertainty associated with a potential delisting would have a negative impact on the price of our Ordinary Shares. Further, new laws and regulations or changes in laws and regulations in both the United States and China could affect our ability to list our Ordinary Shares on Nasdaq, which could materially impair the market for and market price of our Ordinary Shares. Our high number of outstanding Shares, which includes a substantial volume recently issued at par value, may cause immediate dilution, increase market volatility, and materially impact the market for our securities, potentially jeopardizing our ability to maintain a Nasdaq listing. As of the date of this prospectus, the Company has 18,400,000 Ordinary Shares issued and outstanding. This number includes 18,399,000 Ordinary Shares recently allotted and issued to our existing shareholders at par value as part of our reorganization. The issuance of this large volume of Shares results in immediate dilution to new investors purchasing Shares in this offering, in terms of net tangible book value. The substantial number of outstanding Shares held by our existing shareholders creates a significant market overhang. Once the applicable lock -upperiods expire, if our existing shareholders sell a considerable volume of their Shares in the public market, the resulting selling pressure could cause the market price of our Ordinary Shares to fall significantly and increase volatility. Such increased volatility and a rapid decline in our stock price could severely jeopardize our ability to meet the Nasdaq Capital Market’s continued listing standards. For instance, a decline could cause our market value of listed securities or minimum bid price to fall below required thresholds, which would make it difficult for investors to sell their Shares and would likely reduce the value and liquidity of our securities. 39 USE OF PROCEEDS We estimate that we will receive net proceeds from this Offering of approximately US$6.51million after deducting underwriting discounts and commissions and estimated offering expenses payable by us. These estimates are based upon an assumed initial offer price of US$5.00 per share, the midpoint of the estimated range of the initial public Offer Price shown on the front cover of this prospectus. A US$1.00 increase (decrease) in the assumed initial public offering price of US$5.00 per Ordinary Share would increase (decrease) the net proceeds to us from this offering by US$1.60