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EvoNexus Group LTD is a Cayman Islands holding company with operations conducted through its Hong Kong subsidiary, MOBCLICK TECHNOLOGY (HK) LIMITED, providing a family of social and entertainment-focused mobile applications including LivChat, BunchatLite, PeachU, and others that facilitate global user engagement via text, voice, video, AI matching, and real-time translation. Revenue is generated from advertising (50.5% in FYE Feb 28, 2025), user recharges for premium features (42.9%), and minor app design services, with FYE Feb 28, 2025 revenue of $11.57M (up 5.1% YoY), net income $0.93M (vs. $0.59M loss prior year), and 2.14M MAUs. Significant users are in India and Brazil. The company is offering 3,750,000 Class A Ordinary Shares at $4.00 each (up to $15M gross proceeds), seeking Nasdaq listing under 'EVON', with net proceeds allocated 20% R&D, 30% marketing, 30% team expansion, 20% acquisitions. As an emerging growth company and foreign private issuer, it benefits from reduced reporting; controlled by Chairman/CEO Chong Li (92% voting power via Class B shares). Going public to fund expansion including U.S. market entry via EVONNEXUS US TECHNOLOGY LLC by April 2026, leveraging growth strategies like user base expansion in India/Brazil and metaverse features, amid competitive social app landscape.
Offering Amount
$17.3M
Shares Offered
500,000,000
Price Range
$4.00 – $4.00
Issuer Type
Shares Offered
3,750,000
Offering Amount
$15,000,000
Price Range
$4.00
Share Type
Class A Ordinary Shares
Exchange
Nasdaq Capital Market
Ticker
EVON
Use of Proceeds: research and development investment (20%), marketing and promotion (30%), team expansion (30%), potential acquisitions (20%)
Cayman Islands holding company conducting operations through Hong Kong subsidiary MOBCLICK TECHNOLOGY (HK) LIMITED providing social and entertainment-focused mobile apps for global user engagement.