Hitek Global Inc (HKIT)

HKIT...............https://stockcharts.com/sc3/ui/?s=HKIT&p=w&b=5&g=0&id=p86431144783

monsta dip 0.54

now again byiung prices

HKIT..............................thankyou

HKIT dollar running

HKIT............................................................https://stockcharts.com/sc3/ui/?s=HKIT&p=w&b=5&g=0&id=p86431144783

2026-04-02 Q HKIT 0.045 0.045 0.0358 0.0358 -0.0126 32,260,870 6,677 0.0359 0.0392
2026-04-01 Q HKIT 0.0471 0.051 0.04 0.0484 -0.0091 86,538,451 16,814 0.0428 0.09
2026-03-31 Q HKIT 0.0996 0.105 0.0529 0.0575 0.0175 728,248,293 103,217 0.0514 0.095
2026-03-30 Q HKIT 0.0431 0.0431 0.0366 0.04 -0.015 122,744,484 20,068 0.059 2.00
2026-03-27 Q HKIT 0.0919 0.1549 0.03 0.055 -0.003 817,368,700 177,999 0.047 0.0576

It'll do another big R/S soon after so huge dilutions, then repeat.

HKIT.......................................https://stockcharts.com/sc3/ui/?s=HKIT&p=W&b=5&g=0&id=p86431144783

Hitek Announces 1-for-3 Reverse SplitMay 26, 2026 4:05 PM
PR Newswire (US) XIAMEN, China, May 26, 2026 /PRNewswire/ -- Hitek Global Inc. (Nasdaq: HKIT) (the "Company"), an information technology consulting and solutions provider, announced today that it will effect a reverse split (the "Reverse Split") at a ratio of 1-for-3, to be effective on May 29, 2026. Beginning with the opening of trading on May 29, 2026, the Company's Class A ordinary shares ("Class A Ordinary Shares") will begin trading on the Nasdaq Capital Market on a split-adjusted basis under the same trading symbol, "HKIT," and a new CUSIP number, G45139121.On November 24, 2025, at the 2025 Annual General Meeting of Shareholders, the Company's shareholders authorized the board of directors of the Company (the "Board") to effect one or more reverse splits of the Company's Class A Ordinary Shares at an aggregate cumulative ratio ranging from 1-for-40 to 1-for-5,000 within two years following the date of the meeting, with the Board having discretion to determine the specific ratio or ratios and the timing of any such reverse split(s). On April 6, 2026, the Company effectuated a reverse split at a ratio of 1-for-50. On May 4, 2026, the Board approved the Reverse Split.Upon the Reverse Split becoming effective, every three issued and unissued Class A Ordinary Shares will be automatically combined into one Class A Ordinary Share. Following the Reverse Split, the par value of each Class A Ordinary Share will be changed from $0.005 to $0.015. No fractional shares will be issued in connection with the Reverse Split. Any fractional share resulting from the Reverse Split will be rounded up to the nearest whole share at the participant level. The Company's total authorized share capital will remain unchanged at US$316,000 and will be reclassified into (i) 20,000,000 Class A Ordinary Shares, par value US$0.015 per share, (ii) 150,000,000 Class B ordinary shares, par value US$0.0001 per share, and (iii) 10,000,000 preference shares, par value US$0.0001 per share. Prior to the Reverse Split, there were 2,324,420 Class A Ordinary Shares and 8,192,000 Class B ordinary shares issued and outstanding; following the Reverse Split, the Company expects that there will be 774,807 Class A Ordinary Shares and 8,192,000 Class B Ordinary Shares issued and outstanding.About Hitek Global Inc.Hitek Global Inc., headquartered in Xiamen, China, is an information technology ("IT") consulting and solutions service provider in China. The Company operates two lines of business: (1) services for small and medium-sized businesses, consisting of Anti-Counterfeiting Tax Control System ("ACTCS") tax devices, ACTCS services, and IT services, and (2) services for large businesses, consisting of hardware sales and software sales. The Company's vision is to become a one-stop destination for comprehensive IT consulting and other business consulting services in China. For more information, please visit the Company's website at http://www.xmhitek.com/. Forward-Looking StatementsThis announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and in its other filings with the SEC. View original content:https://www.prnewswire.com/news-releases/hitek-announces-1-for-3-reverse-split-302782080.htmlSOURCE HITEK GLOBAL INC Original: Hitek Announces 1-for-3 Reverse Split

Hitek Global Inc. Announces Fiscal Year 2025 Financial ResultsApril 24, 2026 8:30 AM
PR Newswire (US)

XIAMEN, China, April 24, 2026 /PRNewswire/ -- Hitek Global Inc. (Nasdaq: HKIT) (the "Company"), a China-based information technology consulting and solutions service provider, today announced its financial results for the fiscal year ended December 31, 2025.Ms. Xiaoyang Huang, Chief Executive Officer and Director of Hitek Global Inc. commented, "Fiscal 2025 was a year of strategic progress and stabilized growth. Amid market pressures in tax devices and services, we returned to potential revenue growth driven by hardware growth and operational efficiency. "Fiscal Year 2025 Financial ResultsRevenueTotal revenue was approximately $6.5 million in fiscal year 2025, as compared to approximately $2.9 million in fiscal year 2024, primarily due to the increase in sale of selected safety monitoring equipment to petrochemical companies.Revenue generated from hardware sales was approximately $6.1 million in fiscal year 2025, as compared to approximately $1.7 million in fiscal year 2024. The increase was due mainly to the increase in sales of selected safety monitoring equipment to petrochemical companies, and such increased sales drove a substantial growth in our hardware and equipment revenue.Revenue generated from Tax devices and service was approximately $0.3 million in fiscal year 2025, as compared to approximately $0.4 million in fiscal year 2024. The decrease was due mainly to the tax bureau providing free electronic invoices, which has negatively impacted demand for our fee-based tax services.Revenue generated from CIS software was approximately $0.2 million in fiscal year 2025, as compared to approximately $0.8 million in fiscal year 2024. The decrease was due mainly to our large customers reducing their procurement, even though two gained new customers in 2025. As the updated software can satisfy market demand and the Company is negotiating more sales contracts with new customers, we expect software sales will increase in the future.Gross Profit and Gross MarginGross profit was approximately $0.7 million in fiscal year 2025, a decrease from approximately $1.0 million in fiscal year 2024. Our gross margin as a percentage of revenue decreased to 10.6% for the year ended December 31, 2025 from 34.6% for 2024. The decrease in gross margin was mainly due to the increase in hardware sales and the reduced proportion of software sales revenue in 2025, which historically had a gross margin in excess of 50%.Operating ExpensesOperating expenses were approximately $2.5 million in fiscal year 2025, an increase from approximately $2.8 million in fiscal year 2024.Selling expenses were $4,478 in fiscal year 2025, an increase by 161.0% from $1,716 in fiscal year 2024. The increase in selling expense was mainly attributable to the increase in one-off program marketing and promotion expense.General and administrative expenses decreased by 10.0% or $273,901 to $2,477,412 for the year ended December 31, 2025 from $2,751,313 in 2024. The decrease was mainly due to (1) the decrease of equity transaction fees of $123,374, as we did not conduct any private placement or other equity financing activities in 2025, as compared to one private placement completed in 2024; and (2) the decrease of $138,972 in donation to an education facility.  Other IncomeOther income was $1,920,126 and $890,201 for years ended December 31, 2025 and 2024, respectively. The increase was primarily due to the increase in net investment income of approximately $1.0 million in 2025.Net IncomeNet income was $180,142 for the year ended December 31, 2025, an increase of $1,076,832 from net loss of $896,690 for 2024.Balance SheetAs of December 31, 2025, the Company had cash of $3.6 million, compared to $7.2 million as of December 31, 2024.Cash FlowNet cash used in operating activities was $1,535,849 for the year ended December 31, 2025. This was an increase of $847,311 compared to net cash used in operating activities of $688,538 in 2024.Net cash used in investing activities was $2,109,565 for the year ended December 31, 2025. This was an decrease of $7,451,231 compared to net cash used in investing activities of $9,560,796 in 2024.There was no financing activities during the year ended December 31, 2025. The net cash provided by financing activities for the year ended December 31, 2024 was $8.2 million attributable to a private placement.About Hitek Global Inc.Hitek Global Inc., headquartered in Xiamen, China, is an IT consulting and solutions service provider focusing on delivering services to business in various industry sectors in China. As of the date of this annual report, we have two lines of businesses— 1) services to small and medium businesses ("SMEs"), which consists of Anti-Counterfeiting Tax Control System ("ACTCS") tax devices, ACTCS services, and 2) services to large businesses, which consists of hardware sales and software sales. We expect to actively develop our system integration services and online service platform in the near future. Our vision is to become a one-stop consulting destination for holistic IT and other business consulting services in China. For more information, visit the Company's website at http://www.xmhitek.com/.Forward-Looking StatementsThis announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and in its other filings with the SEC.The following tables summarize our results of operations for the periods indicated:HITEK GLOBAL INC. AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS



December 31,


2025

2024
Assets





Current assets





Cash and cash equivalents
$3,611,999

$7,236,798
Short-term investments

18,044,168


22,932,540
Accounts receivable, net

5,407,989


1,385,761
Advance to suppliers, net

290,680


11,315
Inventories, net

79,411


154,471
 Loans receivable

6,020,220


958,996
Other receivable

6,846,247


-
Prepaid expenses and other current assets

491,712


1,506,297
Total current assets

40,792,426


34,186,178









Non-current assets







Accounts receivable - non-current

1,027,421


2,227,089
Loan receivable - non-current

285,996


4,383,982
Property, equipment and software, net

475,189


744,941
 Total non-current assets

1,788,606


7,356,012
 Total Assets
$42,581,032

$41,542,190









Liabilities and Shareholders' Equity







Current liabilities







 Accounts payable
$292,065

$255,950
 Advance from customers

-


11,034
  Loan payable – related party

2,645,465


479,498
 Deferred revenue

73,059


55,720
 Taxes payable

1,795,736


1,680,476
 Accrued expenses and other current liabilities

148,342


130,691
Total current liabilities

4,954,667


2,613,369









Non-current Liabilities







 Loan payable – related party

-


2,054,992
 Deferred income tax liabilities, non-current

1,616,053


1,598,909
Total non-current liabilities

1,616,053


3,653,901
Total Liabilities

6,570,720


6,267,270









Commitments and Contingencies

-


-









Shareholders' Equity







Class A Ordinary Shares, US$0.0001 par value; 431,808,000 shares authorized,
21,107,364 shares issued and outstanding as of December 31, 2025 and 2024.

2,111


2,111
Class B Ordinary Shares, US$0.0001 par value; 58,192,000 shares authorized,
8,192,000 shares issued and outstanding as of December 31, 2025 and 2024.

819


819
 Additional paid-in capital

24,920,060


24,920,060
 Statutory reserve

836,215


836,215
 Retained earnings

10,671,200


10,491,058
 Accumulated other comprehensive loss

(420,093)


(975,343)
Total Shareholders' Equity

36,010,312


35,274,920









Total Liabilities and Shareholders' Equity
$42,581,032

$41,542,190









              The accompanying notes are an integral part of these consolidated financial statements.







 HITEK GLOBAL INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)




Years Ended December 31,


2025

2024

2023
Revenues
$6,536,184

$2,904,950

$4,563,731
Cost of revenues

(5,845,713)


(1,899,065)


(2,642,491)
Gross profit

690,471


1,005,885


1,921,240













Operating expenses:











General and administrative

2,477,412


2,751,313


1,819,531
 Selling

4,478


1,716


648
 Total operating expenses

2,481,890


2,753,029


1,820,179













Operating (loss) income

(1,791,419)


(1,747,144)


101,061













Other income (expense)











Government subsidies

-


-


569,928
Net investment gain

1,382,934


336,241


330,552
Interest income

843,346


921,228


911,875
Interest expense

(308,870)


(313,937)


(313,861)
Deregistration cost

-


(104,127)


-
Other income (expense), net

2,716


50,796


(5,029)
 Total other income, net

1,920,126


890,201


1,493,465













Income (loss) before provision for income taxes

128,707


(856,943)


1,594,526
Income tax (benefit) expense

(51,435)


39,747


546,885













Net income (loss)
$180,142

$(896,690)

$1,047,641
Comprehensive (loss) income











Net income (loss)
$180,142

$(896,690)

$1,047,641
Foreign currency translation gain (loss)

555,250


(365,976)


(330,116)













Comprehensive income (loss)
$735,392

$(1,262,666)

$717,525
Earnings (loss) per ordinary share











– Basic and diluted
$0.01

$(0.04)

$0.08













Weighted average number of ordinary shares
   outstanding











– Basic and diluted

21,107,364


20,603,614


13,257,469

The accompanying notes are an integral part of these consolidated financial statements. HITEK GLOBAL INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY Years Ended December 31, 2025, 2024 and 2023 

Ordinary
Shares*

Class A  
Ordinary
Shares*

Class B
 Ordinary
Shares*

Additional







Accumulated
other

Total


Number
of
shares

Amount

Number
of
shares

Amount

Number
of
shares

Amount

paid-in
capital

Statutory
reserve

Retained
earnings

comprehensive
loss

Shareholders'
Equity
Balance as of
    December 31,
    2022

8,247,913

$1,099


-

$-


-

$-

$2,628,356

$836,215

$10,340,107

$(279,251)

$13,526,526
Shares issued

68,094


340


-


-


-


-


14,093,195


-


-


-


14,093,535
Foreign currency
    translation
    adjustment

-


-


-


-


-


-


-


-


-


(330,116)


(330,116)
Net income

-


-


-


-


-


-


-


-


1,047,641


-


1,047,641
Balance as of
    December 31,
    2023

8,316,007

$1,439


-

$-


-

$-

$16,721,551

$836,215

$11,387,748

$(609,367)

$28,337,586
Shares re-
    designated and
    re-classified

(8,316,007)


(1,439)


124,007


620


8,192,000


819


-


-


-


-


-
Issuance of
    common stock
    and warrants in
    private
    placement

-


-


298,140


1,491


-


-


8,198,509


-


-


-


8,200,000
Foreign currency
    translation
    adjustment

-


-


-


-


-


-


-


-


-


(365,976)


(365,976)
 Net loss

-


-


-


-


-


-


-


-


(896,690)


-


(896,690)
Balance as of
    December 31,
    2024

-

$-


422,147

$2,111


8,192,000

$819

$24,920,060

$836,215

$10,491,058

$(975,343)

$35,274,920
Foreign currency
    translation
    adjustment

-


-


-


-


-


-


-


-


-


555,250


555,250
Net income

-


-


-


-


-


-


-


-


180,142


-


180,142
Balance as of
    December 31,
    2025

-

$-


422,147

$2,111


8,192,000

$819

$24,920,060

$836,215

$10,671,200

$(420,093)

$36,010,312













































    The accompanying notes are an integral part of these consolidated financial statements. HITEK GLOBAL INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS

Years Ended December 31,


2025

2024

2023
  Cash flows from operating activities








Net income (loss)
$180,142

$(896,690)

$1,047,641
Adjustments to reconcile net income (loss) to net cash used in
    operating activities:











Depreciation

294,191


259,554


50,662
Amortization of right-of-use assets

-


-


3,167
Loss on disposal of property, plant and equipment

-


-


1,413
Accrued interest income from loans, net

(134,261)


(225,665)


(102,418)
Net investment gain

(998,244)


(58,130)


(208,626)
Provision for (reversal of) expected credit losses of receivables
and advance to suppliers

344,715


366,736


(2,325)
Provision for obsolete inventories

485


-


5,559
Deferred income tax

(51,435)


39,747


339,332
Changes in operating assets and liabilities:











Short-term investments – trading securities

1,626,456


(2,612,671)


(1,696,545)
Accounts receivable

(2,982,936)


2,990,258


567,480
Accounts receivable – related party

-


-


390,197
Advance to suppliers

(271,328)


(8,175)


472,219
Deferred offering cost

-


-


(130,134)
Inventories

79,126


59,802


194,872
Prepaid expenses and other current assets

295,234


65,672


(13,028)
Accounts payable

26,557


(265,203)


(146,642)
Advance from customers

(11,205)


6,640


4,632
Deferred revenue

14,497


(9,389)


(787,062)
Taxes payable

40,552


(281,961)


291,578
Operating lease liabilities

-


-


(3,167)
Due to related parties

-


-


(584)
Accrued expenses and other current liabilities

11,605


(119,063)


(340,133)
Net cash used in operating activities

(1,535,849)


(688,538)


(61,912)













Cash flows from investing activities











 Advance payment for software development

-


(290,488)


(339,309)
 Loans to third parties

(3,918,261)


(2,899,088)


(11,260,542)
 Repayment from third-party loans

3,208,696


5,338,780


8,830,933
 Prepayment for office renovation

-


-


(150,156)
 Purchases of property and equipment

-


-


(186,499)
 Purchases of held-to-maturity investments

(11,600,000)


(18,200,000)


(11,000,000)
 Redemption of held-to-maturity investments

9,200,000


7,500,000


7,159,018
 Refund of (payment for) deposit for acquisition

1,000,000


(1,010,000)


-
 Net cash used in investing activities

(2,109,565)


(9,560,796)


(6,946,555)













Cash flows from financing activities:











 Proceeds from issuance of ordinary shares

-


8,200,000


15,142,902
 Net cash provided by financing activities

-


8,200,000


15,142,902













 Effect of exchange rate changes on cash

20,615


(25,405)


(26,058)
 Net (decrease) increase in cash

(3,624,799)


(2,074,739)


8,108,377
 Cash and cash equivalents at beginning of the year

7,236,798


9,311,537


1,203,160
 Cash and cash equivalents at end of the year
$3,611,999

$7,236,798

$9,311,537













Supplemental disclosures of cash flow information:











 Cash paid for income taxes
$-

$79,138

$36,504
  Cash paid for interest
$-

$51,420

$287,706













Non-cash transactions:











Deferred offering cost
$-

$-

$1,049,367
Recognition of other receivable upon termination of investment
    agreement related to short-term investments
$6,846,247

$-

$-













    The accompanying notes are an integral part of these consolidated financial statements. 



View original content:https://www.prnewswire.com/news-releases/hitek-global-inc-announces-fiscal-year-2025-financial-results-302752695.htmlSOURCE Hitek Global Inc.

Original: Hitek Global Inc. Announces Fiscal Year 2025 Financial Results

Hitek Announces 50-for-1 Share ConsolidationApril 1, 2026 8:40 AM
PR Newswire (US)

XIAMEN, China, April 1, 2026 /PRNewswire/ -- HiTek Global Inc. (Nasdaq: HKIT) (the "Company"), an information technology consulting and solutions provider, announced today that it will effect a 50-for-1 share consolidation of its Class A ordinary shares, effective April 6, 2026 (the "Share Consolidation"), in order to meet the minimum bid price requirement for continued listing on the Nasdaq Capital Market. Beginning with the opening of trading on April 6, 2026, the Company's Class A ordinary shares will begin trading on the Nasdaq Capital Market on a split-adjusted basis under the same trading symbol, "HKIT," and a new CUSIP number, G45139113.On November 24, 2025, at the 2025 Annual General Meeting of Shareholders, the Company's shareholders authorized the board of directors of the Company (the "Board") to effect one or more share consolidations of the Company's Class A ordinary shares at an aggregate cumulative ratio ranging from 1-for-40 to 1-for-5,000 within two years following the date of the meeting, with the Board having discretion to determine the specific ratio or ratios and the timing of any such share consolidation(s). On March 25, 2026, the Board approved the Share Consolidation.Upon the Share Consolidation becoming effective, every 50 issued Class A ordinary shares of the Company, par value US$0.0001 per share, will be consolidated into one Class A ordinary share, and the par value of each Class A ordinary share will be adjusted to US$0.005. The Company's total authorized share capital will remain unchanged at US$316,000 and will be reclassified into (i) 60,000,000 Class A ordinary shares, par value US$0.005 per share, (ii) 150,000,000 Class B ordinary shares, par value US$0.0001 per share, and (iii) 10,000,000 preference shares, par value US$0.0001 per share.No fractional shares will be issued in connection with the Share Consolidation. Any fractional share resulting from the Share Consolidation will be rounded to the nearest whole share at the participant level.About Hitek Global Inc.HiTek Global Inc., headquartered in Xiamen, China, is an information technology ("IT") consulting and solutions service provider in China. The Company operates two lines of business: (1) services for small and medium-sized businesses, consisting of Anti-Counterfeiting Tax Control System ("ACTCS") tax devices, ACTCS services, and IT services, and (2) services for large businesses, consisting of hardware sales and software sales. The Company's vision is to become a one-stop destination for comprehensive IT consulting and other business consulting services in China. For more information, please visit the Company's website at http://www.xmhitek.com/.Forward-Looking StatementsThis announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and in its other filings with the SEC.



View original content:https://www.prnewswire.com/news-releases/hitek-announces-50-for-1-share-consolidation-302729614.htmlSOURCE HiTek Global Inc.

Original: Hitek Announces 50-for-1 Share Consolidation

hkit...........................................p/m

Hitek Global Inc. Announces Pricing of $3 Million Registered Direct OfferingMarch 27, 2026 1:29 PM
PR Newswire (US)

XIAMEN, China, March 27, 2026 /PRNewswire/ -- Hitek Global Inc. (NASDAQ: HKIT) ("Hitek Global" or the "Company"),a China-based information technology consulting and solutions service provider, today announced that it has entered into securities purchase agreements with certain institutional investors for the purchase and sale of 100,000,000 Shares of Class A Ordinary Shares (the "Shares") (or pre-funded warrants in lieu thereof), at an offering price of $0.03 per share in a registered direct offering (the "Offering").The gross proceeds to the Company from the registered direct offering are estimated to be approximately $3 million before deducting the placement agent's fees and other estimated offering expenses. The offering is expected to close on or about March 30, 2026, subject to the satisfaction of customary closing conditions.Univest Securities, LLC is acting as the sole placement agent.The registered direct offering is being made pursuant to a shelf registration statement on Form F-3 (File No. 333-279459) previously filed by the Company with the U.S. Securities and Exchange Commission ("SEC") and became effective by on May 29, 2024. A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC's website located at http://www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, by contacting Univest Securities, LLC at info @rickh.This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Copies of the prospectus supplement relating to the registered direct offering, together with the accompanying base prospectus will be filed by the Company and, upon filing, can be obtained at the SEC's website at www.sec.gov.About Hitek Global Inc.Hitek Global Inc., headquartered in Xiamen, China, is an IT consulting and solutions service provider focusing on delivering services to business in various industry sectors in China. As of the date of this annual report, we have two lines of businesses— 1) services to small and medium businesses ("SMEs"), which consists of Anti-Counterfeiting Tax Control System ("ACTCS") tax devices, ACTCS services, and 2) services to large businesses, which consists of hardware sales and software sales. We expect to actively develop our system integration services and online service platform in the near future. Our vision is to become a one-stop consulting destination for holistic IT and other business consulting services in China. For more information, visit the Company's website at http://ir.xmhitek.com/.Forward-Looking StatementsCertain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and in its other filings with the U.S. Securities and Exchange Commission. 



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Original: Hitek Global Inc. Announces Pricing of $3 Million Registered Direct Offering

why the sudden drop?

$HKIT: Added 100k at $0.10

Looks like this one could have a move shortly


GO $HKIT

$0.07 from $1.09 ? 2026-03-20, HKIT, $1.09, Vol. 1,249,794

HKIT..............................https://stockcharts.com/sc3/ui/?s=HKIT&p=w&b=5&g=0&id=p86431144783

HKIT..............................https://stockcharts.com/sc3/ui/?s=HKIT&p=W&b=5&g=0&id=p86431144783

HKIT.....................................https://stockcharts.com/sc3/ui/?s=HKIT&p=W&b=5&g=0&id=p86431144783

Adding on this pull. Weekly shift manipulation

HKIT weekly break out

HKIT china beast coming in here

HKIT...........................................https://stockcharts.com/sc3/ui/?s=HKIT&p=W&b=5&g=0&id=p86431144783

HKIT...........................https://stockcharts.com/h-sc/ui?s=HKIT&p=W&b=5&g=0&id=p86431144783

HKIT..............................https://stockcharts.com/h-sc/ui?s=HKIT&p=W&b=5&g=0&id=p86431144783

HKIT.............................https://stockcharts.com/h-sc/ui?s=HKIT&p=W&b=5&g=0&id=p86431144783

Watching here

HKIT.................................https://stockcharts.com/h-sc/ui?s=HKIT&p=W&b=5&g=0&id=p86431144783

#HKIT 🔥 hot again! Massive gap upside once this happens! #HKIT

HKIT........................................https://stockcharts.com/h-sc/ui?s=HKIT&p=W&b=5&g=0&id=p86431144783

Part of the Chinese stonks pump and dump of late
Will it begin to trend

Get past the 3's and stay there....

Load time!

Any opinion on UK?

Hey dude, I had it on my watchlist since the run last week. I also put MLGO on my watchlist ended up grabbing that one this morning at 9:30.

This could Gap huge tomorrow...

A bit of a Gamble, PERHAPS...

In at 2.10

GhosT

Too late to get in?

Bought in the low 2s this morning...

Could Pop again, let's see...

GhosT

#HKIT 🔥 careful ! Reversing or dropping?? $HKIT

HKIT..............................https://stockcharts.com/h-sc/ui?s=HKIT&p=W&b=5&g=0&id=p86431144783

Covered short, $$$$$ now we watch it

uggggggggg

#HKIT 🔥 still HOT to run tomorrow! Price targets $HKIT

Under 4, but we are out! Congrats to all who were in an out from yesterday to today

Flipped 3 times with the .30-.60 swing trading going on, will it dip to low 4’s again

This is Serious volume and money at play today. They are going to burn these shorts like they did yesterday on HOLO. Mark this post.

Buy high sell low

Glad I sold at 7.50 this morning...

In a 2.5 out 7.5

What's NEXT...

GhosT

Show me $30 plus -LOL