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HengHong Technology Inc.

HCPCFiled

HengHong Technology Inc. · Nasdaq Capital Market · latest filing 2026-09-02

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One-minute decisionBASIC RESEARCHSource completeness · 82%

IPO research

HengHong Technology’s proposed Nasdaq IPO remains preliminary and high risk: it is a Cayman holding company dependent on China-based subsidiaries, with concentrated control, material PRC regulatory and cash-transfer risks, and no established public market.

The preliminary F-1/A proposes a 5,000,000-share firm-commitment IPO at $6–$7 per share under the reserved Nasdaq symbol HCPC, subject to effectiveness and listing approval.

Where does the money go?Awaiting verificationF-1/A · 2026-09-02
Ownership and votingAwaiting verified holder data— economic · — voting
Next disclosed checkpointEffectiveness of the registration statement, pricing and closing, Nasdaq listing decision, and further CSRC feedback or filing developments.F-1/A · 2026-09-02

Capital destination

Awaiting verification

F-1/A · 2026-09-02

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/A ↗
Next checkEffectiveness of the registration statement, pricing and closing, Nasdaq listing decision, and further CSRC feedback or filing developments.
Latest filing2026-09-02

Capital destination

Awaiting verification

F-1/A · 2026-09-02

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/A ↗
BOOKRUNNERS / LEAD UNDERWRITERSBookrunners / lead underwriters
NOT YET DISCLOSED

Names not yet published

Fully diluted valuation bridge

StatusReference
Awaiting verificationSource ↗

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/A ↗

Holder data awaits verification

Pre-offering shares are held by two controlled entities. Tan is expected to retain 71.58% after the base offering and the company will be a controlled company. · 2026-09-02

Pre-offering shares are held by two controlled entities. Tan is expected to retain 71.58% after the base offering and the company will be a controlled company.

One disclosed holder; not a complete ownership distribution.Check the source · F-1/A ↗

Conditional lock-up timeline

StatusReference
Awaiting verificationSource ↗

Financial quality and runway

StatusReference
Awaiting verificationSource ↗

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Risk 1

The company is a Cayman holding company and investors do not own the PRC operating subsidiaries directly.

Potential impact
Awaiting verification
Monitor
Effectiveness of the registration statement, pricing and closing, Nasdaq listing decision, and further CSRC feedback or filing developments.
SEC EDGAR

F-1/A

2026-09-02

Open SEC filing ↗