U
Unitrend Entertainment Group Ltd
INHIFiledUnitrend Entertainment Group Ltd · Nasdaq Capital Market · latest filing 2026-06-29
One-minute decisionBASIC RESEARCHSource completeness · 89%
IPO research
A profitable, fast-growing China media issuer, but the proposed IPO remains preliminary and carries unusually high structural and concentration risk: offshore investors buy Cayman holding-company shares, the group relies partly on an untested VIE arrangement, founder voting control is about 87.83%, and 2025 growth depended heavily on three new co-production projects.
Unitrend's June 29, 2026 preliminary F-1/A proposes 6.25 million Class A shares at an expected $4.00-$5.00 range and reserves Nasdaq ticker INHI, but effectiveness, final pricing, Nasdaq authorization and renewed CSRC filing approval remain outstanding.
Capital destination
Awaiting verificationF-1/A · 2026-06-29
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 ↗Capital destination
Awaiting verificationF-1/A · 2026-06-29
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 DISCLOSEDNames not yet published
Fully diluted valuation bridge
| Status | Reference |
|---|---|
| Awaiting verification | Source ↗ |
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
The dual-class structure gives founder Bin Feng about 87.83% of post-offering voting power through all 8.97 million Class B shares despite only 19.40% economic ownership. · 2026-06-29
The dual-class structure gives founder Bin Feng about 87.83% of post-offering voting power through all 8.97 million Class B shares despite only 19.40% economic ownership.
One disclosed holder; not a complete ownership distribution.Check the source · F-1/A ↗Conditional lock-up timeline
| Status | Reference |
|---|---|
| Awaiting verification | Source ↗ |
Financial quality and runway
| Status | Reference |
|---|---|
| Awaiting verification | Source ↗ |
Latest filing update
Loading saved filing update…
SEC filing history
Loading filing history…
Investors buy Cayman holding-company shares rather than equity in the VIE; the contractual arrangements have not been tested in PRC courts and could be invalidated.
- Potential impact
- Awaiting verification
- Monitor
- Next research checkpoint: an effective registration statement or final prospectus confirming the final price, Cathay's completed underwriting allocation, renewed CSRC filing status, Nasdaq authorization and the expected trading date.