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Ray Maple

Symbol pendingFiled

Ray Maple Inc. · Nasdaq Capital Market (application pending) · IT consulting and digital marketing · Report filing 2026/08/18 · SEC checked 2026-10-07

SEC
DAILY SEC UPDATEF-1 analysed from the latest filing

Ray Maple proposes to offer 6,250,000 ordinary shares at an assumed $4.00 per share, with a 15% over-allotment option, subject to SEC effectiveness and Nasdaq approval.

One-minute decisionBASIC RESEARCHSource completeness · 86%

Profitable growth is visible, but valuation, minimal cash and post-lock-up supply warrant caution

Ray Maple filed 6.25M shares at an expected $4.00 price; Nasdaq approval, effectiveness and the trading symbol remain pending.

Where does the money go?$22.219M estimatedUse-of-proceeds percentages disclosed in the F-1 scenario.
Ownership and votingLina Tang / RTLN30.93% economic · Not separately disclosed voting
Next disclosed checkpointSEC effectiveness and Nasdaq approvalTrading symbol has not been published

Capital destination

$22.219M estimated

Use-of-proceeds percentages disclosed in the F-1 scenario.

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 ↗
Next checkSEC effectiveness and Nasdaq approvalTrading symbol has not been published

Capital destination

$22.219M estimated

Use-of-proceeds percentages disclosed in the F-1 scenario.

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 UNDERWRITERSUnderwriter representative
PRELIMINARY
  1. 1Eddid Securities USA Inc.——

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 ↗

Lina Tang / RTLN

30.93%

Lina Tang holds 5.8M shares through RTLN Global Limited.

Base post-offer ownership · 2026/08/18

Existing holders retain 66.67% collectively

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
Holder / eventTerm / dateConditions
Insider lock-up+180 days 66.67% · 12.50M existing sharesInsider lock-up · Directors, officers and existing holders · Not yet published — awaiting the effective or final prospectus. · 180 days after commencement of sales; underwriter may waive
Basis and evidence
Insider lock-up

Insider lock-up · Directors, officers and existing holders · Not yet published — awaiting the effective or final prospectus. · 180 days after commencement of sales; underwriter may waive

Lock-up / shares eligible for future sale ↗

Financial quality

Financial quality
CalculationReported valueReference
FY2026 revenue$2.391M+61.3%
FY2026 net income$0.818M-2.7%

Latest filing update

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Risk 1

The $75M implied value is about 31× FY2026 revenue.

Potential impact
High
Monitor
SEC effectiveness and Nasdaq approval
DocumentF-1✓ Verified against the SEC source · SEC registration statement
Filed2026/08/181 public filings identified
Research updated2026/08/18SEC EDGAR
Evidence coverage86%Price, shares, ownership, use of proceeds and audited FY2026 financials filed
Open filing ↗

What remains missing14% 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
Ray Maple Inc. F-1 first page
F-1 first pageFirst page from SEC EDGAR