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Bang Mai Fang
BMFFiledBANG MAI FANG HOLDINGS · Nasdaq Capital Market (proposed) · Real-estate technology and brokerage · Report filing 2026/08/17 · SEC checked 2026-10-07
DAILY SEC UPDATEF-1 analysed from the latest filing
BANG MAI FANG HOLDINGS is proposing a 5,000,000-share IPO at US$5.00–US$6.00 per share, subject to Nasdaq listing.
One-minute decisionBASIC RESEARCHSource completeness · 52%
Do not decide yet: terms are visible, but evidence quality and founder concentration are major concerns
Bang Mai Fang filed 5.0M shares at $5–$6 under BMF, but effectiveness, the listing date and complete historical financial evidence remain unresolved.
Capital destination
$23.25M scenario*F-1 allocation and the stated $5 scenario; audited detail requires a later amendment.
Share-type percentages are not net-proceeds percentages. Amounts retain their stated gross/net basis; do not add unlike bases.
Check the source · F-1 ↗Capital destination
$23.25M scenario*F-1 allocation and the stated $5 scenario; audited detail requires a later amendment.
Share-type percentages are not net-proceeds percentages. Amounts retain their stated gross/net basis; do not add unlike bases.
Check the source · F-1 ↗BOOKRUNNERS / LEAD UNDERWRITERSLead underwriter and bookrunner
PRELIMINARY- 1US Securities Corp.——
Dilution and valuation
IPO priceAwaiting verification
Basic post-offer25.0M
Fully diluted sharesAwaiting verification
Value$137.5M
| Calculation | Shares | Value | Reference |
|---|---|---|---|
| Base post-offer | 25.0M | $137.5M | +25.0% |
Basic-price scenario
A verified single offer price and basic post-offer share count are required. This is a data gap, not a paid lock.
Check the source · F-1 ↗Tingdong Zhao
77.6%*Tingdong Zhao owns 97% of 20M pre-offer shares.
Estimated after the base offering · 2026/08/17
Final ownership and complete financial evidence remain outstanding
One disclosed holder; not a complete ownership distribution.Check the source · F-1 ↗Conditional lock-up timeline
Conditional lock-up timeline
Eligibility is not a sale. Release conditions, holder groups and exceptions remain separate.
Milestones and unconfirmed releases
| Holder / event | Term / date | Conditions |
|---|---|---|
| Insider lock-up | +180 days 80.0% · 20.0M existing shares | Insider lock-up · Directors, executives and ≥5% holders · Not yet published — awaiting the effective or final prospectus. · Six months after effectiveness / closing as disclosed |
Basis and evidence
Insider lock-up
Insider lock-up · Directors, executives and ≥5% holders · Not yet published — awaiting the effective or final prospectus. · Six months after effectiveness / closing as disclosed
Lock-up / shares eligible for future sale ↗Financial quality and runway
| Status | Reference |
|---|---|
| Awaiting verification | Source ↗ |
Latest filing update
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Historical financial evidence is not sufficiently complete for a reliable valuation assessment.
- Potential impact
- Very high
- Monitor
- Complete financial amendment and SEC effectiveness
- Evidence
- F-1 · 2026/08/17 ↗
DocumentF-1✓ Verified against the SEC source · SEC registration statement
Filed2026/08/171 public filings identified
Research updated2026/08/17SEC EDGAR
Evidence coverage52%Range, shares, ownership and proceeds allocation filed; historical financial verification remains incomplete
What remains missing48% of the evidence set remains unresolved. This may affect unconfirmed pricing, valuation, dilution or supply conclusions; no missing term is estimated.
View the filing's actual first page ＋
