VenHub Global, Inc S-1/A, filed Sep 10, 2026
VenHub Global, Inc. (VHUB)
As filed with the Securities and Exchange Commission on Thursday, September 10, 2026
Registration No. 333-298746
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pre-Effective Amendment No. 1
to
FORM S-1
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
VENHUB GLOBAL, INC.
(Exact name of registrant as specified in its charter)
| Nevada | 3581 | 92-2083580 | ||
| (State or other jurisdiction of incorporation or organization) |
(Primary Standard Industrial Classification Code Number) |
(I.R.S. Employer Identification Number) |
5360 Procyon Street
Las Vegas, NV 89118
(888) 585-4999
(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)
Shahan Ohanessian
Chief Executive Officer
5360 Procyon Street
Las Vegas, NV 89118
(888) 585-4999
(Name, address, including zip code, and telephone number, including area code, of agent for service)
Copies to:
Marc Ross, Esq.
Avital Perlman, Esq.
Sichenzia Ross Ference Carmel LLP
1185 Avenue of the Americas, 26th Floor
New York, NY 10036
(212) 930-9700
Approximate date of commencement of proposed sale to the public: As soon as practicable after the effective date of this registration statement.
If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box: ☒
If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐
If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐
If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large, accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act
| Large accelerated filer | ☐ | Accelerated filer | ☐ |
| Non-accelerated filer | ☒ | Smaller reporting company | ☒ |
| Emerging growth company | ☒ | ||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐
The registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until the registration statement shall become effective on such date as the Commission, acting pursuant to said Section 8(a), may determine.
The information contained in this preliminary prospectus is not complete and may be changed. The selling stockholders listed herein may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective. This preliminary prospectus is not an offer to sell these securities and it is not soliciting an offer to buy these securities in any jurisdiction where the offer or sale is not permitted.
Subject to completion, dated September 10, 2026
PRELIMINARY PROSPECTUS
VENHUB GLOBAL, INC.
24,913,571 shares of common stock
This prospectus relates to the resale, from time to time, of up to 24,913,571 shares of our common stock by the selling stockholders (which term, as used in this prospectus, includes pledgees, donees, transferees or other successors-in-interest) identified in this prospectus. The 24,913,571 shares consist of (i) up to 18,278,571 shares of common stock (the “ELOC Shares”) issuable to Euphoria Capital as a result of the Company directing the selling stockholder to purchase such shares from time to time pursuant to an Equity Purchase Agreement, entered into on August 27, 2026 and effective as of August 26, 2026 (the “ELOC Purchase Agreement”); (ii) 800,000 shares of common stock issued to Euphoria Capital as consideration for its commitment under the ELOC Purchase Agreement (the “Commitment Shares”); (iii) 500,000 shares of common stock issued to Craig Horn pursuant to a Securities Purchase Agreement dated August 13, 2026 (the “SPA Shares”); and (iv) 5,335,000 shares issued pursuant to service agreements with each of Vervetria Investments Ltd., Sunflower Marketing LLC, Dalmasia Ltd., Pacific Design Studio LLC, and Worldwide Acquisitions LLC (the “Second-Tranche Service Agreement Shares”).
For more information about the selling stockholders and the agreements pursuant to which we agreed to issue the shares, see the section titled “Selling Stockholders.”
We are not selling any securities under this prospectus and will not receive any proceeds from the sale of the shares offered hereby by the selling stockholders. However, we may receive up to $100,000,000 in aggregate gross proceeds from sales of ELOC Shares to Euphoria Capital under the ELOC Purchase Agreement. We intend to use such proceeds for general corporate purposes.
Euphoria Capital is an “underwriter” within the meaning of Section 2(a)(11) of the Securities Act with respect to its shares being offered for resale hereunder.
We have agreed to bear all of the expenses incurred in connection with the registration of these shares. The selling stockholders will pay or assume discounts, commissions, fees of underwriters, selling brokers or dealer managers and similar expenses, if any, incurred for the sale of shares of our common stock.
The selling stockholders identified in this prospectus may offer the shares from time to time through a number of different ways and at varying prices, including public or private transactions at prevailing market prices, at prices related to prevailing market prices or at privately negotiated prices. For additional information on the methods of sale that may be used by the selling stockholders, see the section titled “Plan of Distribution.” For a list of the selling stockholders, see the section titled “Selling Stockholders.”
We may amend or supplement this prospectus from time to time by filing amendments or supplements as required. You should read the entire prospectus and any amendments or supplements carefully before you make your investment decision.
Our common stock is listed on the Nasdaq Global Market (“Nasdaq”) under the symbol “VHUB.” On September 10, 2026, the closing sale price of our common stock as reported on Nasdaq was $0.849. You are urged to obtain current market quotations for the common stock.
Our founder and Chief Executive Officer, Shahan Ohanessian, along with the Chairwoman of the Board of Directors, his wife, Shoushana Ohanessian, beneficially own approximately 78% of the voting power of our outstanding voting securities through their ownership of Series C Preferred Stock and common stock, and we are a “controlled company” within the meaning of the listing rules of The Nasdaq Stock Market LLC. Under Nevada Revised Statutes Section 78.195, the voting rights and powers of this preferred stock have been established in our articles of incorporation. We may rely on the exemptions from the corporate governance requirements that are available to controlled companies. See “Risk Factors — The Company is a “controlled company” within the meaning of the applicable rules of Nasdaq and, as a result, we qualify for exemptions from certain corporate governance requirements. If the Company relies on these exemptions, its stockholders will not have the same protections afforded to stockholders of companies that are subject to such requirements”
We are an “emerging growth company” as defined under U.S. federal securities laws and, as such, have elected to comply with reduced public company reporting requirements. We have elected to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.
We are a “smaller reporting company” as defined under U.S. federal securities law and, as such, hereby elect to incorporate by reference information filed after the effective date of this Registration Statement. All documents subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act, prior to the termination of this Offering shall be deemed to be incorporated by reference into the prospectus.
Investing in our common stock involves risks. See the “Risk Factors” section beginning on page 6 and under similar headings in the documents incorporated by reference into this prospectus for risks you should consider before investing in our common stock.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
The date of this prospectus is , 2026
TABLE OF CONTENTS
You should rely only on the information contained or incorporated by reference to this prospectus in deciding whether to purchase our common stock. We have not, and the selling stockholders have not, authorized anyone to provide you with information other than the information that has been provided or incorporated by reference in this prospectus and your reliance on any unauthorized information or representation is at your own risk. This prospectus may be used only in jurisdictions where offers and sales of these securities are permitted. You should assume that the information appearing in this prospectus is accurate only as of the date of the document incorporated by reference, regardless of the time of delivery of this prospectus, or any sale of our securities. Our business, financial condition and results of operations may have changed since those dates.
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This prospectus relates to the resale by the selling stockholders identified in this prospectus under the caption “Selling Stockholders,” from time to time, of up to an aggregate of 24,913,571 shares of our common stock. We are not selling any shares of our common stock under this prospectus, and we will not receive any proceeds from the sale of shares of common stock offered hereby by the selling stockholders, although we may receive up to $100,000,000 in aggregate gross proceeds from sales of ELOC Shares to Euphoria Capital under the ELOC Purchase Agreement.
The information appearing in this prospectus, the documents incorporated by reference in this prospectus and any free writing prospectus authorized for use in connection with this offering is accurate only as of its respective date, regardless of the time of delivery of the respective document or of any sale of securities covered by this prospectus. You should not assume that the information contained in or incorporated by reference in this prospectus, or in any free writing prospectus that is authorized for use in connection with this offering, is accurate as of any date other than the respective dates thereof.
We further note that the representations, warranties and covenants made by us in any agreement that is filed as an exhibit to any document that is incorporated by reference herein were made solely for the benefit of the parties to such agreement, including, in some cases, for the purpose of allocating risk among the parties to such agreements, and should not be deemed to be a representation, warranty or covenant to you. Moreover, such representations, warranties or covenants were accurate only as of the date when made. Accordingly, such representations, warranties and covenants should not be relied on as accurately representing the current state of our affairs.
To the extent there is a conflict between the information contained in this prospectus, on the one hand, and the information contained in any document incorporated by reference filed with the SEC before the date of this prospectus, on the other hand, you should rely on the information in this prospectus. If any statement in a document incorporated by reference is inconsistent with a statement in another document incorporated by reference having a later date, the statement in the document having the later date modifies or supersedes the earlier statement.
Neither we nor the selling stockholders have done anything that would permit this offering or possession or distribution of this prospectus in any jurisdiction where action for that purpose is required, other than in the United States. Persons who come into possession of this prospectus and any free writing prospectus in jurisdictions outside the United States are required to inform themselves about and to observe any restrictions as to this offering and the distribution of this prospectus and any free writing prospectus applicable to that jurisdiction.
Industry and Market Data
The information incorporated by reference or provided in this prospectus contains statistical data and estimates, including those relating to market size and competitive position of the markets in which we participate, that we obtained from our own internal estimates and research, as well as from industry and general publications and research, surveys and studies conducted by third parties. Industry publications, studies and surveys generally state that they have been obtained from sources believed to be reliable. While we believe our internal company research is reliable and the definitions of our market and industry are appropriate, neither this research nor these definitions have been verified by any independent source.
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This summary highlights selected information included elsewhere in or incorporated by reference in this prospectus and does not contain all of the information that you should consider before investing in our securities. Before making an investment decision, you should read the entire prospectus carefully, including the risk factors section, the financial statements and related notes and other available information incorporated by reference into this prospectus and any amendment or supplement hereto.
Company Overview
VenHub Global, Inc. is a fully autonomous and robotic-operated store that utilizes advanced technologies such as artificial intelligence
(AI) and smart inventory management systems to offer a seamless shopping experience for customers. The Company intends VenHub technology
to combine the convenience of a store with the efficiency of robotics. This will be achieved by providing customers with a unique shopping
experience that will be fully autonomous and that operates 24/7. The Company believes that with its use of advanced sensors, artificial
intelligence, and robotics, VenHub is designed to ensure that customers will always have access to products with a few taps on their smartphones.
From scanning and purchasing products to bagging and delivering them, VenHub’s robots will be able to take care of everything in
a seamless and efficient manner. The store’s artificial intelligence algorithm will be able to keep track of customer preferences,
allowing it to tailor its offering to meet individual customer’s tastes and preferences.
The Company’s business model is designed to generate both one-time deployment revenue from the sale and installation of Smart Store units, as well as recurring revenue from SaaS subscriptions, maintenance agreements, support services, and other platform-related offerings. While the Company has not yet charged customers for SaaS or maintenance services as part of its early commercialization strategy, management expects recurring revenue streams to become an increasingly important component of the Company’s operating model as commercial deployments expand.
Management believes the recurring nature of SaaS and maintenance revenue may provide greater long-term revenue visibility and operating leverage as the installed base of Smart Store units grows.
The Company is continuing to build its commercialization and deployment infrastructure to support the anticipated expansion of Smart Store deployments. Through its subsidiaries, the Company manages manufacturing, assembly, installation, software development, maintenance, and support operations associated with its Smart Store platform. Management believes the Company’s operational structure is designed to support future scaling of deployments across both Company-owned and customer-operated locations.
As commercialization efforts continue, the Company expects scaling activities to include increased manufacturing capacity, inventory procurement, deployment logistics, installation coordination, software support, and field maintenance operations. The Company’s ability to expand deployments remains dependent on several factors, including available capital resources, supply chain conditions, customer demand, site readiness, and operational execution.
Management believes the Company’s current investments in inventory, infrastructure, software, and operational capabilities position the Company to support future growth and broader commercial rollout initiatives.
The Company has four subsidiaries:
VenHub, LLC to manage manufacturing, assembly and installation of units.
VenHub, Services LLC to provide software-as-a-service (SaaS) and ongoing maintenance services.
VenHub IP, LLC to hold and manage the Company’s intellectual property.
VenHub Stores LLC, to manage all Company owned stores.
On January 30, 2026, the Company commenced trading under the ticker symbol “VHUB” on the NASDAQ Global Market.
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We have incurred significant losses and negative cash flows from our operations since inception. As of June 30, 2026, we had an accumulated deficit of approximately $109.2 million and negative working capital of approximately $1.77 million. As of December 31, 2025, we had an accumulated deficit of approximately $82.17 million and negative working capital of approximately $9.2 million. As of June 30, 2026, we had cash and cash equivalents of approximately $2.56 million. As of December 31, 2025, we had cash and cash equivalents of approximately $0.089 million. Based on our historical and anticipated rate of cash expenditures, we do not anticipate our existing working capital will be sufficient to sustain our business through the commercialization of our product candidates or the execution of our current business plan. Therefore, we are dependent on obtaining additional funding from outside sources, including equity or debt financings, warrant exercises, strategic transactions, commercial arrangements, or other sources of financing, in order to continue our operations. We cannot provide assurance that additional financing will be available to us and, if available, that it will be completed on a timely basis, on acceptable terms or at all. If we are unable to obtain sufficient financing when needed, it would negatively impact our business and operations, which could cause the price of our common stock to decline or ultimately force us to reduce, suspend or cease operations.
During the years ended December 31, 2025 and 2024, we incurred net losses of approximately $62.4 million and $9.4 million, respectively. We have not yet achieved profitability and expect to continue to incur losses for the foreseeable future. Our future capital needs will depend on a number of factors, including the development and operating requirements of our business and stores, our corporate overhead, debt service obligations, and public company costs.
Our independent auditors, in their reports dated March 24, 2026 and March 28, 2025 with respect to our financial statements for the years ended December 31, 2025 and 2024, respectively, included explanatory paragraphs expressing substantial doubt regarding our ability to continue as a going concern. The going concern disclosures reflected, among other factors, the Company’s recurring operating losses, negative operating cash flows, accumulated deficit, and dependence on additional financing to fund operations and execute its business plan.
Recent Developments
Certificate of Amendment
On July 7, 2026, the Company filed a Definitive Information Statement on Schedule 14C with the SEC in connection with the approval by stockholders holding a majority of our voting power of a Certificate of Amendment to our articles of incorporation to increase the number of authorized shares of common stock from 100,000,000 to 300,000,000 shares of common stock. On July 28, 2026, the Company filed the Certificate of Amendment to its Certificate of Incorporation with the Secretary of State of the State of Nevada, thereby increasing the Company’s authorized common stock from 100,000,000 shares to 300,000,000 shares.
ELOC Transaction
On August 27, 2026, we entered into the ELOC Purchase Agreement, effective as of August 26, 2026, with Euphoria Capital, pursuant to which Euphoria Capital committed to purchase from us, at our discretion, up to $100,000,000 of shares of our common stock during a 24-month commitment period. The purchase price for shares sold under the ELOC Purchase Agreement is 97% of the average volume-weighted average prices (“VWAPS”) of our common stock during a valuation period of three consecutive trading days. We issued 800,000 shares of common stock to Euphoria Capital as commitment shares. The ELOC Purchase Agreement includes a 4.99% beneficial ownership limitation and an exchange cap of 18,278,571 shares unless we obtain shareholder approval under Nasdaq Rule 5635(d).
Registration Rights Agreement
In connection with the ELOC Purchase Agreement, on August 27, 2026, we entered into a Registration Rights Agreement, effective as of August 26, 2026, with Euphoria Capital. The Registration Rights Agreement requires us to file a registration statement within 30 calendar days covering the ELOC Shares and Commitment Shares and to use reasonable commercial efforts to have that registration statement declared effective within 90 calendar days.
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Securities Purchase Agreement
On August 13, 2026, we entered into a Securities Purchase Agreement with Craig Horn for the issuance and sale of 500,000 shares of our common stock at $1.00 per share. The agreement provides Mr. Horn with piggyback registration rights.
Service Agreement Issuances
Following the increase in our authorized common stock from 100,000,000 to 300,000,000 shares on July 28, 2026, we issued shares under service agreements with certain service providers: 1,000,000 shares to Vervetria Investments Ltd., 1,000,000 shares to Sunflower Marketing LLC, 1,125,000 shares to Dalmasia Ltd., 1,250,000 shares to Pacific Design Studio LLC, and 960,000 shares to Worldwide Acquisitions LLC.
Our Corporate Information
VenHub Global, Inc. was incorporated in the state of Wyoming on January 31, 2023, as “Autonomous Solutions, Inc.” and redomiciled in Delaware with the name VenHub Global, Inc. on August 15, 2024. The Company redomiciled in Nevada on October 3, 2025.
Implications of Being a Smaller Reporting Company
We are a “smaller reporting company” as defined in Rule 10(f)(1) of Regulation S-K. Smaller reporting companies may take advantage of certain reduced disclosure obligations, including, among other things, providing only two years of audited financial statements. We will remain a smaller reporting company until the last day of the fiscal year in which (1) the market value of our shares held by non-affiliates equals or exceeds $250 million as of the prior June 30th, or (2) our annual revenues equaled or exceeded $100 million during such completed fiscal year and the market value of our shares held by non-affiliates equals or exceeds $700 million as of the prior June 30th. Such reduced disclosure and corporate governance obligations may make it more challenging for investors to analyze our results of operations and financial prospects.
Implications of Our Being an “Emerging Growth Company”
We are an “emerging growth company,” as defined in the Jumpstart Our Business Startups Act (the “JOBS Act”), and we are eligible to take advantage of certain exemptions from various reporting and financial disclosure requirements that are applicable to other public companies, that are not emerging growth companies, including, but not limited to, (1) presenting only two years of audited financial statements and only two years of related management’s discussion and analysis of financial condition and results of operations in this prospectus, (2) not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley Act”), (3) reduced disclosure obligations regarding executive compensation in our periodic reports and proxy statements, and (4) exemptions from the requirements of holding a non-binding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved. We intend to take advantage of these exemptions. As a result, investors may find investing in our Shares less attractive.
In addition, Section 107 of the JOBS Act also provides that an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act, for complying with new or revised accounting standards. As a result, an emerging growth company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies.
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We have elected to take advantage of certain of the reduced disclosure obligations in the registration statement of which this prospectus is a part and may elect to take advantage of other reduced reporting requirements in future filings. As a result, the information that we provide to our stockholders may be different than you might receive from other public reporting companies in which you hold equity interests. We may take advantage of these provisions for up to five years or such earlier time that we are no longer an emerging growth company.
We have elected to avail ourselves of the extended transition period for implementing new or revised financial accounting standards.
We will remain an emerging growth company until the earliest of (i) the last day of the fiscal year during which we have total annual gross revenues of at least US$1.235 billion; (ii) the last day of our fiscal year following the fifth anniversary of the completion of our offering of our shares of common stock in October 2025; (iii) the date on which we have, during the preceding three-year period, issued more than US$1.0 billion in non-convertible debt; or (iv) the date on which we are deemed to be a “large accelerated filer” under the Exchange Act, which would occur if the market value of our Shares that are held by non-affiliates exceeds US$700 million as of the last business day of our most recently completed second fiscal quarter. Once we cease to be an emerging growth company, we will not be entitled to the exemptions provided in the JOBS Act discussed above
Available Information
We maintain our corporate website at www.venhub.com. Information on our website does not constitute a part of, nor is it incorporated in any way, into this prospectus and should not be relied upon in connection with making an investment decision. Our SEC filings, including any amendments, will be made available free of charge on our website as soon as reasonably practicable after we electronically file such material with, or furnish it to, the SEC.
Our common stock is quoted on the Nasdaq under the symbol “VHUB”. We file annual, quarterly, and current reports, proxy statements and other information with the U.S. Securities and Exchange Commission (the “SEC”) and are subject to the requirements of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). These filings are available to the public on the Internet on the SEC’s website at www.sec.gov.
Our principal business address is 5360 Procyon Street, Las Vegas, NV 89118 and our telephone number is (888) 585-4999.
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| The Issuer | VenHub Global, Inc. is a Nevada Corporation |
| Securities Being Registered | The 24,913,571 shares consist of (i) up to 18,278,571 shares of common stock issuable to Euphoria Capital pursuant to an Equity Purchase Agreement, entered into on August 27, 2026 and effective as of August 26, 2026; (ii) 800,000 shares of common stock issued to Euphoria Capital as consideration for its commitment under the Equity Purchase Agreement; (iii) 500,000 shares of common stock issued to Craig Horn pursuant to a Securities Purchase Agreement dated August 13, 2026; and (iv) 5,335,000 shares issued under service agreements with each of Vervetria Investments Ltd., Sunflower Marketing LLC, Dalmasia Ltd., Pacific Design Studio LLC, and Worldwide Acquisitions LLC. Our common stock is described in further detail in the section of this prospectus titled “Description of Securities - Common Stock.” |
| Offering Type | The Offering is being made on behalf of those selling stockholders identified herein. |
| Nasdaq Symbol | VHUB |
| Common Stock Outstanding Before this Offering | There are 97,427,857 shares of common stock issued and outstanding as of the date of this prospectus, which are held by 2,764 holders. |
| Use of Proceeds | The Company will not receive any proceeds from the sale of the shares of common stock offered hereby by the selling stockholders. However, the Company may receive up to $100,000,000 in aggregate gross proceeds from sales of ELOC Shares to Euphoria Capital under the ELOC Purchase Agreement, which proceeds will be used for general corporate purposes. See “Use of Proceeds.” |
| Offering Price |
The selling stockholders will offer the shares of common stock covered by this prospectus at the prevailing market prices or at privately negotiated prices. |
| Risk Factors | An investment in our common stock involves a high degree of risk. You should carefully consider the risk factors set forth under the “Risk Factors” section herein and the other information contained or incorporated by reference in this prospectus before making an investment decision regarding our common stock. |
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An investment in our securities involves a high degree of risk. You should carefully consider the following risks and all of the other information contained or incorporated by reference in this prospectus before deciding whether to invest in our securities, including the risks and uncertainties described below and under the caption “Risk Factors” in our most recently filed Annual Report on Form 10-K and any Quarterly Reports on Form 10-Q filed with the SEC, in each case as these risk factors are amended or supplemented by subsequent Annual Reports on Form 10-K or Quarterly Reports on Form 10-Q. Our business, financial condition, results of operations and future prospects may be adversely affected as a result of such risks. In such an event, the market price of our common stock could decline, and you could lose part or all of your investment.
Risks Relating to Ownership of Our Securities
Our failure to maintain compliance with Nasdaq’s continued listing requirements could result in the delisting of our common stock.
Our common stock is currently listed for trading on The Nasdaq Stock Market LLC. We must satisfy the continued listing requirements of Nasdaq, to maintain the listing of our common stock on The Nasdaq Stock Market LLC.
On April 30, 2026, we received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC notifying the Company that, because the closing bid price for the Company’s common stock listed on Nasdaq was below $1.00 for the last 30 consecutive business days, the Company no longer meets the minimum bid price requirement for continued listing on the Nasdaq Global Market under Nasdaq Marketplace Rule 5450(a)(1), requiring a minimum bid price of at least $1.00 per share (the “Minimum Bid Price Requirement”). The notification had no immediate effect on the listing of the Company’s common stock. In accordance with Nasdaq Marketplace Rule 5810(c)(3)(A), the Company had a period of 180 calendar days, or until October 27, 2026, to regain compliance with the Minimum Bid Price Requirement.
On May 21, 2026, we received a letter from Nasdaq notifying us that, as the closing bid price of the Company’s common stock for the last 10 consecutive business days, from May 7, 2026 to May 20, 2026, has been at $1.00 per share or greater, the Company regained compliance with Nasdaq’s Listing Rule 5450(a)(1).
On September 1, 2026, we received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC notifying the Company that, because the closing bid price for the Company’s common stock listed on Nasdaq was below $1.00 for the last 30 consecutive business days, the Company no longer meets the Minimum Bid Price Requirement. The notification had no immediate effect on the listing of the Company’s common stock. In accordance with Nasdaq Marketplace Rule 5810(c)(3)(A), the Company has a period of 180 calendar days, or until March 1, 2027, to regain compliance with the Minimum Bid Price Requirement.
If we are unable to sustain compliance with all applicable requirements for continued listing on the Nasdaq, our common stock may be delisted from Nasdaq. In that event, our shares would likely trade on an over-the-counter market, which could materially and adversely affect investors. Delisting could result in reduced liquidity, lower trading prices, increased volatility, decreased analyst coverage, and limited access to capital. In addition, certain institutional investors may be unable to hold or purchase our securities, which could further negatively impact the market for our common stock. We may pursue actions to regain compliance, including a reverse stock split, although there can be no assurance that such actions would be successful.
Our current dependency on external funding for our operations raises a substantial doubt about our ability to continue as a going concern. If we do not continue as a going concern, investors could lose their entire investment.
As reflected in the accompanying financial statements, since its inception, the Company has experienced recurring losses. As of June 30, 2026, we had an accumulated deficit of approximately $109.2 million and negative working capital of approximately $1.7 million. As of December 31, 2025, we had an accumulated deficit of approximately $82.17 million and negative working capital of approximately $9.2 million. These matters raise substantial doubt about the Company’s ability to continue as a going concern. During the next twelve months, the Company intends to fund its operations with funds from revenue producing activities along with exploring both additional equity and debt financing.
On February 12, 2026, we completed a financing transaction providing for aggregate gross proceeds of $18.865 million. Based on cash on hand as of September 10, 2026, we currently anticipate having sufficient liquidity to fund planned operations into the first quarter of 2027. However, this estimate is based on assumptions that may prove to be incorrect, and we may require additional financing sooner than currently anticipated.
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We will be required to raise additional capital in order to develop our technology and scale our commercial delivery operations. However, we may be unable to raise additional capital needed to fund and grow our business.
We will need additional capital to develop our next generation of autonomous smart stores and scale our operations. We will not be able to continue product development and our autonomous smart store operations if we cannot raise additional debt and/or equity financing.
We may not be able to increase our capital resources by engaging in additional debt or equity financings. Even if we complete such financings, they may result in dilution to our existing investors and include additional rights or terms that may be unfavorable to our existing investor base. These circumstances could materially and adversely affect our financial results and impair our ability to achieve our business objectives. Additionally, we may be required to accept terms that restrict our ability to incur additional indebtedness or take other actions (including terms that require us to maintain specified liquidity or other ratios) that would otherwise be in the best interests of our stockholders.
Our controlling stockholders which include our Chief Executive Officer have significant influence over the Company.
Our Chief Executive Officer, Shahan Ohanessian, along with his wife, Shoushana Ohanessian, who sits as Chairwoman of the Board of Directors, holds, through their limited liability company SSO, LLC, approximately 78% of the voting power of our outstanding voting securities. As of September 10, 2026, Our Chief Executive Officer, Shahan Ohanessian, along with his wife, Shoushana Ohanessian, are holding 59,124,215 shares of common stock and 100,000 shares of Series C Preferred Stock to SSO LLC, which have voting rights of 1,000 per each share. As a result, Mr. and Mrs. Ohanessian collectively control approximately 78% voting rights on all matters presented to shareholders, limiting shareholders’ ability to affect decision making.
Due to the controlling amount of their share ownership in our Company, our chief executive officer has a significant influence in determining the outcome of all corporate transactions, including the power to prevent or cause a change in control. His interests may differ from the interests of other stockholders and thus result in corporate decisions that are disadvantageous to other shareholders.
The Company is a “controlled company” within the meaning of the applicable rules of Nasdaq and, as a result, we qualify for exemptions from certain corporate governance requirements. If the Company relies on these exemptions, its stockholders will not have the same protections afforded to stockholders of companies that are subject to such requirements.
The Company is currently a “controlled company” within the meaning of the applicable rules of Nasdaq. Our Chief Executive Officer, Shahan Ohanessian, along with his wife, Shoushana Ohanessian, who sits as Chairwoman of the Board of Directors, holds, through their limited liability company SSO, LLC, approximately 78% of the voting power of our outstanding voting securities and accordingly, he has the ability to determine all matters requiring approval by stockholders. As a result, we qualify for exemptions from certain corporate governance requirements. If the Company relies on these exemptions, which it does not intend to do, its stockholders will not have the same protections afforded to stockholders of companies that are subject to such requirements. Under these rules, a company of which more than 50% of the voting power for the election of directors is held by an individual, group or another company is a “controlled company” and may elect not to comply with certain corporate governance requirements, including the requirements:
| ● | that a majority of the board consists of independent directors; |
| ● | for an annual performance evaluation of the nominating and corporate governance and compensation committees; |
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| ● | that the controlled company has a nominating and corporate governance committee that is composed entirely of independent directors with a written charter addressing the committee’s purpose and responsibilities; and |
| ● | that the controlled company has a compensation committee that is composed entirely of independent directors with a written charter addressing the committee’s purpose and responsibility. |
While the Company does not intend to rely on these exemptions, the Company may use these exemptions now or in the future. As a result, the Company’s stockholders may not have the same protections afforded to stockholders of companies that are subject to all of the Nasdaq corporate governance requirements.
Any future market price for the shares may be volatile.
Our common stock has experienced significant price volatility since our initial listing on January 30, 2026, and such volatility may continue. Since our listing, the trading price of our common stock has fluctuated substantially, including declines to below $1.00 per share, and has been subject to significant variability in trading volume and price. This volatility may be attributable to a number of factors, including limited trading history, low public float, changes in investor perception, market conditions, and other factors that are beyond our control. As a result, the market price of our common stock may continue to fluctuate significantly in the future. Continued volatility in our stock price could result in substantial losses for investors, make it more difficult for investors to predict the value of our securities, and impair our ability to raise additional capital on favorable terms or at all.
Although we are listed on the Nasdaq Global Market, the market price for our shares is likely to continue to be highly volatile, and subject to wide fluctuations in response to various factors including the following:
| 1. | Actual or anticipated fluctuations in the Company’s quarterly operating results and revisions to expected results; |
| 2. | Changes in financial estimates by securities research analysts; |
| 3. | Conditions in the U.S. financial markets; |
| 4. | Changes to international, federal, state or local regulations related to artificial intelligence, automated retail technology, digital payment systems, personal data protection, and robotics; |
| 5. | Changes in the economic performance or market valuations of industries specializing in comparable companies having securities traded on a national exchange; |
| 6. | Announcements by the Company or its competitors of new services, strategic relationships, joint ventures or capital commitments; |
| 7. | Addition or departure of key personnel; |
| 8. | Litigation related to any assets or intellectual property; and |
| 9. | Sales or perceived potential sales of the shares. |
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In addition, securities markets have from time to time, and to a greater degree since 2007, experienced significant price and volume fluctuations that bear no relation to the operating performance of particular companies. These market fluctuations may also have a materially adverse effect on the market price of the Company’s common stock. Furthermore, in the past, following periods of volatility in the market price of a public company’s securities, investors have frequently instituted securities class action litigation against that company. Litigation of this kind could result in substantial costs and a diversion of management’s attention and resources.
If shares of our common stock become subject to the penny stock rules, it would become more difficult to trade our shares.
The SEC has adopted rules that regulate broker-dealer practices in connection with transactions in penny stocks. Penny stocks are generally equity securities with a price of less than $5.00, other than securities registered on certain national securities exchanges or authorized for quotation on certain automated quotation systems, provided that current price and volume information with respect to transactions in such securities is provided by the exchange or system. If we do not retain a listing on Nasdaq or another national securities exchange and if the price of our shares of common stock is less than $5.00 per share, our common stock could be deemed a penny stock. The penny stock rules require a broker-dealer, before a transaction in a penny stock not otherwise exempt from those rules, to deliver a standardized risk disclosure document containing specified information. In addition, the penny stock rules require that before effecting any transaction in a penny stock not otherwise exempt from those rules, a broker-dealer must make a special written determination that the penny stock is a suitable investment for the purchaser and receive (i) the purchaser’s written acknowledgment of the receipt of a risk disclosure statement; (ii) a written agreement to transactions involving penny stocks; and (iii) a signed and dated copy of a written suitability statement. These disclosure requirements may have the effect of reducing the trading activity in the secondary market for our common stock, and therefore stockholders may have difficulty selling their shares. In addition, the regulations relating to penny stocks, coupled with the typically higher cost per trade to the investor of penny stocks due to factors such as broker commissions generally representing a higher percentage of the price of a penny stock than of a higher-priced stock, would further limit the ability of investors to trade in our common stock.
The sale of a substantial amount of our common stock, including resale of the Shares held by the selling stockholders in the public market, could adversely affect the prevailing market price of our common stock.
This prospectus covers the resale of 24,913,571 shares of our common stock held by or issuable to the selling stockholders. Sales of substantial amounts of our common stock in the public market, or the perception that such sales might occur, could adversely affect the market price of our common stock. We cannot predict if and when selling stockholders may sell such shares in the public market.
Future sales of our common stock could lower our stock price and dilute existing stockholders.
We may, in the future, sell additional shares of common stock or other types of our securities in subsequent public or private offerings. We cannot predict the size or terms of future issuances of our securities or the effect, if any, that future sales and issuances of our securities will have on the market price of our common stock. Sales of substantial amounts of our securities, or the perception that such sales could occur, may adversely affect prevailing market prices for our common stock. In addition, these sales may be dilutive to existing stockholders.
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RISKS RELATED TO THE ELOC SHARES AND COMMITMENT SHARES
The sale or issuance of our common stock to Euphoria Capital may cause dilution and the sale of those shares or the perception that such sales may occur could cause the price of our common stock to decrease.
The ELOC Purchase Agreement permits us, in our discretion, to direct Euphoria Capital to purchase shares during the 24-month commitment period, subject to the agreement’s conditions and limitations. The purchase price is 97% of the average VWAPs during the applicable three-Trading-Day Valuation Period. Depending on market liquidity, sales of these shares to Euphoria and Euphoria’s subsequent resales may cause the trading price of our common stock to decline, and sales of the full amount registered could substantially dilute existing stockholders.
Investors who buy shares at different times will likely pay different prices, and the sale of the shares acquired by Euphoria Capital could cause the price of our common stock to decline.
We have discretion over the timing and amount of any sales to Euphoria Capital, and the purchase price will vary with the market price of our common stock. If we sell ELOC Shares at different times, investors purchasing shares from Euphoria may pay different prices and may experience different levels of dilution or investment results. Future sales by Euphoria, or the anticipation of those sales, could also depress the trading price of our common stock.
Our management will have broad discretion over the use of the net proceeds from our sale of ELOC Shares, and you may not agree with how we use the proceeds.
We may use proceeds from sales of ELOC Shares for general corporate purposes, including capital, operating, and research and development expenses. You will be relying on the judgment of management regarding the application of those proceeds, and management may use them for purposes that do not improve our business, financial condition, operating results, or cash flows.
We may issue additional equity of equity-linked securities in the future, which may result in additional dilution to you.
We may require additional capital for ongoing operations and strategic initiatives. To the extent that we raise capital by issuing equity securities or securities exercisable for or convertible into common stock, existing stockholders may experience substantial dilution, and the terms of those securities may include preferences or other rights that adversely affect common stockholders.
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SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
This prospectus and the documents incorporated by reference herein contain forward-looking statements. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements other than statements of historical facts contained in this prospectus, any prospectus supplement or the documents incorporated herein and therein by reference, including statements about future financial and operating results and performance, statements about our plans, objectives, expectations and intentions with respect to future operations, products and services, and other statements that are not historical facts, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.
In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “could,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential” or “continue” or the negative of these terms or other similar conditional expressions. The forward-looking statements in this prospectus or the documents incorporated herein by reference are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations. These forward-looking statements speak only as of the date of this prospectus and are subject to a number of important factors that could cause actual results to differ materially from those in the forward-looking statements, including the factors described under “Risk Factors” contained herein and in our most recently filed Annual Report on Form 10-K.
You should read this prospectus and the documents that are incorporated by reference herein completely and with the understanding that our actual future results may be materially different from what we expect. We qualify all of our forward-looking statements by these cautionary statements. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise.
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We will not receive any proceeds from the sale of the selling stockholders’ shares of common stock offered hereby. However, we may receive up to $100,000,000 in aggregate gross proceeds from sales of ELOC Shares to Euphoria Capital under the ELOC Purchase Agreement that we may, in our discretion, elect to take from time to time. We intend to use the proceeds from those sales for general corporate purposes, which may include covering capital, operating, and research and development expenses. Our management will have broad discretion over the use of proceeds from the sale of ELOC Shares under the ELOC Purchase Agreement.
We have not paid any dividends on our common stock since inception and we currently expect that, in the foreseeable future, all earnings, if any, will be retained for the development of our business and no dividends will be declared or paid. Any future dividends will be subject to the discretion of our Board of Directors and will depend upon, among other things, our earnings, if any, operating results, financial condition and capital requirements, general business conditions and other pertinent facts.
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This prospectus relates to the offer and resale of up to an aggregate of 24,913,571 shares of our common stock, par value $0.001 per share. The shares consist of (i) up to 18,278,571 shares issuable to Euphoria Capital pursuant to the Equity Purchase Agreement, entered into on August 27, 2026 and effective as of August 26, 2026 in connection with purchases of up to $100,000,000 of common stock; (ii) 800,000 shares issued to Euphoria Capital as commitment shares under the Equity Purchase Agreement; (iii) 500,000 shares issued to Craig Horn pursuant to the Securities Purchase Agreement dated August 13, 2026; and (iv) 5,335,000 shares issued under service agreements with each of Vervetria Investments Ltd., Sunflower Marketing LLC, Dalmasia Ltd., Pacific Design Studio LLC, and Worldwide Acquisitions LLC.
The table below lists the selling stockholders and other information regarding the “beneficial ownership” of the shares of common stock by the selling stockholders. In accordance with Rule 13d-3 of the Exchange Act, “beneficial ownership” includes any shares of our common stock as to which the selling stockholders have sole or shared voting power or investment power and any shares of our common stock the selling stockholders have the right to acquire within 60 days. The selling stockholders are described in footnotes (3) through (10) below.
Euphoria Capital is an “underwriter” within the meaning of Section 2(a)(11) of the Securities Act with respect to its shares being offered for resale hereunder. Each other selling stockholder may also be deemed to be an “underwriter” within the meaning of Section 2(a)(11) of the Securities Act.
| Shares of Common Stock Held Prior to this Offering | Shares of Common Stock Being Registered Pursuant to this | Shares of Common Stock Held After this | ||||||||||||||
| Name and Address of Beneficial Owner | Shares | % (1) | Prospectus | Offering(2) | ||||||||||||
| Euphoria Capital(3) | 800,000 | 0.82 | % | 19,078,571 | (4) | 0 | ||||||||||
| Vervetria Investments Ltd. (5) | 2,000,000 | 2.05 | % | 1,000,000 | 1,000,000 | |||||||||||
| Sunflower Marketing LLC (6) | 2,000,000 | 2.05 | % | 1,000,000 | 1,000,000 | |||||||||||
| Dalmasia Ltd (7) | 2,100,000 | 2.16 | % | 1,125,000 | 975,000 | |||||||||||
| Pacific Design Studio LLC(8) | 1,949,874 | 2. | % | 1,250,000 | 699,874 | |||||||||||
| Worldwide Acquisitions LLC(9) | 960,000 | 0.99 | % | 960,000 | 0 | |||||||||||
| Craig Horn(10) | 500,000 | 0.51 | % | 500,000 | 0 | |||||||||||
| (1) | The calculation of percentage held is based on 97,427,857 shares of common stock outstanding as of September 10, 2026. |
| (2) | Assumes that all shares of common stock offered by them under this prospectus are sold. |
| (3) | Kervin Pillay has voting and dispositive power over the shares held by Euphoria and may be deemed to be the beneficial owner of such shares. Euphoria’s business address is 190 Elgin Avenue, George Town, Grand Cayman KY1-9008, Cayman Islands. |
| (4) | The shares being registered for resale consist of up to 18,278,571 ELOC Shares and 800,000 Commitment Shares. The ELOC Purchase Agreement contains limitations that prevent Euphoria Capital from purchasing shares that would result in the number of shares beneficially owned by it and its affiliates exceeding 4.99% of all of the common stock outstanding at such time or selling shares of our common stock under the ELOC Purchase Agreement, unless we obtain shareholder approval to do so, in excess of Nasdaq’s 19.99% limitation. This limitation does not prevent the selling stockholder from selling shares acquired under the ELOC Purchase Agreement and thereafter acquiring additional shares, subject in each case to the terms and conditions of the ELOC Purchase Agreement. |
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| (5) | On or about June 9, 2026, the Company entered into a service agreement (the “Vervetria Service Agreement”) with Vervetria Investments Ltd. (“Vervetria”), pursuant to which Vervetria agreed to provide strategic advisory, business development, partnership origination, and market-expansion services in connection with the Company’s growth and accelerated deployment within the European Union. The shares were issued as compensation under the service agreement. Andreas Eracleous of Vervetria, has voting and investment control over the shares held by Vervetria and may be deemed to be the beneficial owner of such shares. Mr. Eracleous, however, disclaims any beneficial ownership of the Company’s securities reported herein except to the extent of his pecuniary interest, if any, therein. Except for such service relationship and ownership of the shares, Vervetria has not had any material relationship with the Company within the past three years. The business address of Vervetria is Arch. Makariou III, 214, Ideal Building, Floor 2, Flat/Office 201, 3030, Limassol, Cyprus. The shares being registered for resale in this offering consist solely of 1,000,000 second-tranche shares issued under the service agreement after the Company completed its increase in authorized common stock from 100,000,000 shares to 300,000,000 shares. The first-tranche shares issued under the service agreement were registered in the Company’s prior S-1 and are not included in this offering. |
| (6) | On or about June 9, 2026, the Company entered into a service agreement (the “Sunflower Service Agreement”) with Sunflower Marketing LLC (“Sunflower”), pursuant to which Sunflower agreed to provide strategic marketing, business development, and market expansion services within the global education vertical. The shares were issued as compensation under the service agreement. Rachel Gabriel of Sunflower, has voting and investment control over the shares held by Sunflower and may be deemed to be the beneficial owner of such shares. Ms. Gabriel, however, disclaims any beneficial ownership of the Company’s securities reported herein except to the extent of her pecuniary interest, if any, therein. Except for such service relationship and ownership of the shares, Sunflower has not had any material relationship with the Company within the past three years. The business address of Sunflower is 43 W. 46th Street, Floor 3, New York, NY 10036. The shares being registered for resale in this offering consist solely of 1,000,000 second-tranche shares issued under the service agreement after the Company completed its increase in authorized common stock from 100,000,000 shares to 300,000,000 shares. The first-tranche shares issued under the service agreement were registered in the Company’s prior S-1 and are not included in this offering. |
| (7) | On or about June 9, 2026, the Company entered into a service agreement (the “Dalmasia Service Agreement”) with Dalmasia Ltd (“Dalmasia”), pursuant to which Dalmasia agreed to provide strategic advisory, business development, and operational expansion services. The shares were issued as compensation under the service agreement. Andreas Eracleous of Dalmasia, has voting and investment control over the shares held by Dalmasia and may be deemed to be the beneficial owner of such shares. Mr. Eracleous, however, disclaims any beneficial ownership of the Company’s securities reported herein except to the extent of his pecuniary interest, if any, therein. Except for such service relationship and ownership of the shares, Dalmasia has not had any material relationship with the Company within the past three years. The business address of Dalmasia is 214 Arch. Makariou III, IDEAL BUILDING, 2nd Floor, Office 201, Lemesos, Cyprus 3030. The shares being registered for resale in this offering consist solely of 1,125,000 second-tranche shares issued under the service agreement after the Company completed its increase in authorized common stock from 100,000,000 shares to 300,000,000 shares. The first-tranche shares issued under the service agreement were registered in the Company’s prior S-1 and are not included in this offering. |
| (8) | On or about June 9, 2026, the Company entered into a service agreement (the “Pacific Design Service Agreement”) with Pacific Design Studio LLC (“Pacific Design”), pursuant to which Pacific Design agreed to provide design development, architectural, engineering, and technical drawing services The shares were issued as compensation under the service agreement. Michael Gardner of Pacific Design, has voting and investment control over the shares held by Pacific Design and may be deemed to be the beneficial owner of such shares. Mr. Gardner, however, disclaims any beneficial ownership of the Company’s securities reported herein except to the extent of his pecuniary interest, if any, therein. Except for such service relationship and ownership of the shares, Pacific Design has not had any material relationship with the Company within the past three years. The business address of Pacific Design is 1879 Whitney Mesa Drive, Henderson, Nevada 89014. The shares being registered for resale in this offering consist solely of 1,250,000 second-tranche shares issued under the service agreement after the Company completed its increase in authorized common stock from 100,000,000 shares to 300,000,000 shares. The first-tranche shares issued under the service agreement were registered in the Company’s prior S-1 and are not included in this offering. |
| (9) | On or about June 9, 2026, the Company entered into a service agreement (the “Worldwide Acquisitions Service Agreement”) with Worldwide Acquisitions LLC (“Worldwide Acquisitions”), pursuant to which Worldwide Acquisitions agreed to provide strategic advisory, business development, and solutions-architecture services. The shares were issued as compensation under the service agreement. Chris Makarm of Worldwide Acquisitions, has voting and investment control over the shares held by Worldwide Acquisitions and may be deemed to be the beneficial owner of such shares. Mr. Makarm, however, disclaims any beneficial ownership of the Company’s securities reported herein except to the extent of his pecuniary interest, if any, therein. Except for such service relationship and ownership of the shares, Worldwide Acquisitions has not had any material relationship with the Company within the past three years. The business address of Worldwide Acquisitions is 550 Mary Esther Cut Off NW, Suite 1, Fort Walton Beach, FL 32548. The shares being registered for resale in this offering consist solely of 960,000 second-tranche shares issued under the service agreement after the Company completed its increase in authorized common stock from 100,000,000 shares to 300,000,000 shares. The first-tranche shares issued under the service agreement were registered in the Company’s prior S-1 and are not included in this offering. |
| (10) |
On August 13, 2026, the Company entered into a Securities Purchase Agreement with Craig Horn, pursuant to which the Company agreed to issue and sell 500,000 shares of common stock at $1.00 per share. The agreement provides Mr. Horn with piggyback registration rights. Mr. Horn’s mailing address is 3461 Augusta National Dr. S, Salem OR 97302. |
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On August 27, 2026, we entered into the Equity Purchase Agreement, effective as of August 26, 2026, with Euphoria Capital (the “Investor”), pursuant to which we have the right, but not the obligation, to direct the Investor to purchase up to $100,000,000 of ELOC Shares from time to time during the 24 months after the date of the ELOC Purchase Agreement (the “Commitment Period”). The Commitment Period ends on the earliest of the date on which the Investor has purchased up to $100,000,000 ELOC Shares (the “Maximum Commitment Amount”), 24 months after the date of the ELOC Purchase Agreement, or 45 days after written notice of termination by the Company to the Investor. The Investor has no right to require us to deliver any put notice or sell any ELOC Shares.
The actual sale of ELOC Shares, if any, will depend on market conditions, the trading price of our common stock, our financing needs, and our determination of the appropriate sources of funding for our operations. The amount of net proceeds we may receive cannot be determined at this time because it will depend on the frequency and prices at which we sell ELOC Shares, our ability to satisfy the conditions in the ELOC Purchase Agreement, and the other limitations, terms, and conditions of that agreement.
Purchase of ELOC Shares
At any time during the Commitment Period, subject to the terms and conditions of the ELOC Purchase Agreement, we may deliver a written put notice to the Investor by email directing the Investor to purchase ELOC Shares. The maximum number of ELOC Shares on any business day that may included in any put notice is the lesser of (i) the number of shares equal to $25,000,000 divided by the closing price of our common stock on Nasdaq on the trading Day immediately preceding the Put Date (as defined in the ELOC Purchase Agreement)e and (ii) 20% of the average daily trading volume on that preceding trading day. We may submit a put notice as frequently as every business day, provided that each previous put notice has been fully settled.
The purchase price for the ELOC Shares covered by each put notice will equal 97% of the average VWAPs of our common stock during the three consecutive trading days immediately following the applicable Put Date (the “Valuation Period”); if a put notice is delivered before 8:30 a.m., New York City time, on a Put Date, the Valuation Period begins on and includes that Put Date. The closing for each purchase of ELOC Shares will occur within two trading days after the end of the Valuation Period, and the Investor will pay the resulting purchase price by wire transfer of immediately available funds.
Conditions to Delivery of Put Notice
Our ability to deliver Put Notices is subject to, among other things, the following conditions:
| ● | The Registration Statement and any amendment or supplement must remain effective for the resale of the ELOC Shares and Commitment Shares, with no stop order, suspension, or withdrawal of effectiveness. |
| ● | Our representations and warranties must be true and correct in all material respects, and we must have performed our material covenants and obligations under the ELOC Purchase Agreement. |
| ● | No injunction, material adverse effect, trading suspension, market halt, delisting, or other event may prohibit or materially adversely affect the transactions, and the issuance must not violate applicable Nasdaq shareholder-approval requirements. |
| ● | The purchase must comply with the 4.99% Beneficial Ownership Limitation and the Exchange Cap, the common stock must be DWAC Eligible and free of a DTC chill, required SEC filings must be current, and we must have reserved the required shares. |
| ● | The common stock must not be a penny stock, bankruptcy proceedings must not have been instituted by or against us or our subsidiaries, and the Investor must have received an officer’s certificate confirming satisfaction of the closing conditions. |
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Consideration
As consideration for the Investor’s execution and delivery of, and performance under, the ELOC Purchase Agreement, we issued 800,000 shares of common stock to Investor as Commitment Shares. The Commitment Shares were fully earned as of the execution date and their issuance was not contingent upon the effectiveness of the Registration Statement, the delivery of any Put Notice, or any other event or condition.
Beneficial Ownership Limitation and Exchange Cap
At any time, the Investor may not purchase ELOC Shares that, when aggregated with shares of common stock it beneficially owns or is deemed to beneficially own, would result in it owning more than 4.99% of the common stock outstanding immediately after giving effect to the applicable issuance. In addition, we may not issue or sell ELOC Shares under the ELOC Purchase Agreement in excess of 18,278,571 shares, and the Investor is not obligated to purchase shares in excess of that amount, until we obtain the shareholder approval required by Nasdaq Rule 5635(d). The Commitment Shares are aggregated with the ELOC Shares for purposes of the applicable limitations.
Registration of Shares
In connection with the ELOC Purchase Agreement, we entered into a Registration Rights Agreement with the Investor on August 27, 2026, effective as of August 26, 2026. The Registration Rights Agreement requires us to file an initial registration statement within 30 calendar days after its date covering the maximum number of ELOC Shares and Commitment Shares permitted under applicable SEC rules and our authorized shares pool. We must use reasonable commercial efforts to have that registration statement declared effective within 90 calendar days after its date and keep it effective until Investor has sold all Registrable Securities and Maximum Commitment Amount has been drawn down, subject to the terms of the Registration Rights Agreement. If the shares registered are insufficient, we must file an amendment or new registration statement as soon as practicable, subject to applicable SEC limitations.
Termination of the ELOC Purchase Agreement
The ELOC Purchase Agreement will terminate automatically at the end of the Commitment Period, which is the earliest of (i) the date on which the Investor has purchased ELOC Shares equal to the $100,000,000 Maximum Commitment Amount, (ii) 24 months after August 26, 2026, or (iii) 45 days after written notice of termination by us. The agreement also permits termination upon specified events, including a suspension or delisting of our common stock, the unlawfulness of a material obligation, or a market disruption event. A termination will not affect a put notice that has not been fully settled, and the Commitment Shares already issued remain fully earned.
Alternative Financings
The ELOC Purchase Agreement expressly permits us to pursue and consummate alternative financing transactions, including registered offerings, private placements, rights offerings, at-the-market financings, convertible note offerings, and bank loans, without requiring the Investor’s consent. Accordingly, the agreement does not prohibit us from entering into other equity lines or financings during its term, although any such transaction remains subject to applicable law and our obligations under the ELOC Purchase Agreement.
Dilutive Effect
The ELOC Shares and Commitment Shares registered in this offering are expected to be freely tradable. We control the timing and amount of any put notice and may ultimately sell all, some, or none of the ELOC Shares available under the ELOC Purchase Agreement. If we sell a substantial number of ELOC Shares to the Investor, or if investor expect that we will do so, the sales or the mere existence of the ELOC Purchase Agreement could cause the market price of our common stock to decline and become more volatile and could make it more difficult for us to raise capital on favorable terms. Any ELOC Shares issued above the 18,278,571-share Exchange Cap or above the number registered hereby would require the applicable shareholder approval or an additional registration statement.
The ELOC Shares and Commitment Shares were or will be offered and sold to Euphoria Capital in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act. The foregoing summary of the ELOC Purchase Agreement is qualified in its entirety by reference to the full text of the ELOC Purchase Agreement and the Registration Rights Agreement filed as exhibits to the Registration Statement.
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The selling stockholders, which, as used herein, includes donees, pledgees, transferees or other successors-in-interest selling shares of common stock or interests in shares of common stock received after the date of this prospectus from a selling stockholder as a gift, pledge, partnership distribution or other transfer, may, from time to time, sell, transfer or otherwise dispose of any or all of their shares of common stock or interests in shares of common stock on any stock exchange, market or trading facility on which the shares are traded or in private transactions. These dispositions may be at fixed prices, at prevailing market prices at the time of sale, at prices related to the prevailing market price, at varying prices determined at the time of sale, or at negotiated prices.
The selling stockholders may use any one or more of the following methods when disposing of shares or interests therein:
| ● | ordinary brokerage transactions and transactions in which the broker-dealer solicits purchasers; |
| ● | block trades in which the broker-dealer will attempt to sell the shares as agent, but may position and resell a portion of the block as principal to facilitate the transaction; |
| ● | purchases by a broker-dealer as principal and resale by the broker-dealer for its account; |
| ● | an exchange distribution in accordance with the rules of the applicable exchange; |
| ● | privately negotiated transactions; |
| ● | short sales effected after the date the registration statement of which this prospectus is a part is declared effective by the SEC; |
| ● | through the writing or settlement of options or other hedging transactions, whether through an options exchange or otherwise; |
| ● | broker-dealers may agree with the selling stockholders to sell a specified number of such shares at a stipulated price per share; |
| ● | a combination of any such methods of sale; and |
| ● | any other method permitted by applicable law. |
The selling stockholders may, from time to time, pledge or grant a security interest in some or all of the shares of common stock owned by them and, if they default in the performance of their secured obligations, the pledgees or secured parties may offer and sell the shares of common stock, from time to time, under this prospectus, or under an amendment to this prospectus under Rule 424(b)(3) or other applicable provision of the Securities Act, amending the list of selling stockholders to include the pledgee, transferee or other successors in interest as selling stockholders under this prospectus. The selling stockholders also may transfer the shares of common stock in other circumstances, in which case the transferees, pledgees or other successors in interest will be the selling beneficial owners for purposes of this prospectus.
In connection with the sale of our common stock or interests therein, the selling stockholders may enter into hedging transactions with broker-dealers or other financial institutions, which may in turn engage in short sales of the common stock in the course of hedging the positions they assume. The selling stockholders may also sell shares of our common stock short and deliver these securities to close out their short positions, or loan or pledge the common stock to broker-dealers that in turn may sell these securities. The selling stockholders may also enter into option or other transactions with broker-dealers or other financial institutions or the creation of one or more derivative securities which require the delivery to such broker-dealer or other financial institution of shares offered by this prospectus, which shares such broker-dealer or other financial institution may resell pursuant to this prospectus (as supplemented or amended to reflect such transaction).
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The aggregate proceeds to the selling stockholders from the sale of the common stock offered by them will be the purchase price of the common stock less discounts or commissions, if any. Each of the selling stockholders reserves the right to accept and, together with their agents from time to time, to reject, in whole or in part, any proposed purchase of common stock to be made directly or through agents. We will not receive any proceeds from the resale of shares under this prospectus; however, we may receive proceeds from sales of ELOC Shares to Euphoria Capital under the ELOC Purchase Agreement, as described under “Use of Proceeds.”
The selling stockholders also may resell all or a portion of the shares in open market transactions in reliance upon Rule 144 under the Securities Act, provided that they meet the criteria and conform to the requirements of that rule.
Euphoria Capital is an “underwriter” within the meaning of Section 2(a)(11) of the Securities Act. The other selling stockholders and any underwriters, broker-dealers or agents that participate in the sale of the common stock or interests therein may also be “underwriters” within the meaning of Section 2(11) of the Securities Act. Any discounts, commissions, concessions or profit they earn on any resale of the shares may be underwriting discounts and commissions under the Securities Act. Selling stockholders who are “underwriters” within the meaning of Section 2(11) of the Securities Act will be subject to the prospectus delivery requirements of the Securities Act.
To the extent required, the shares of our common stock to be sold, the names of the selling stockholders, the respective purchase prices and public offering prices, the names of any agent, dealer or underwriter, and any applicable commissions or discounts with respect to a particular offer will be set forth in an accompanying prospectus supplement or, if appropriate, a post-effective amendment to the registration statement that includes this prospectus.
In order to comply with the securities laws of some states, if applicable, the common stock may be sold in these jurisdictions only through registered or licensed brokers or dealers. In addition, in some states the common stock may not be sold unless it has been registered or qualified for sale or an exemption from registration or qualification requirements is available and is complied with.
We have advised the selling stockholders that the anti-manipulation rules of Regulation M under the Exchange Act may apply to sales of shares in the market and to the activities of the selling stockholders and their affiliates. In addition, to the extent applicable, we will make copies of this prospectus (as it may be supplemented or amended from time to time) available to the selling stockholders for the purpose of satisfying the prospectus delivery requirements of the Securities Act. The selling stockholders may indemnify any broker-dealer that participates in transactions involving the sale of the shares against certain liabilities, including liabilities arising under the Securities Act.
We have agreed to indemnify the selling stockholders against liabilities, including liabilities under the Securities Act and state securities laws, relating to the registration of the shares offered by this prospectus.
We have agreed with the selling stockholders to use commercially reasonable efforts to cause the registration statement to become effective of which this prospectus constitutes a part effective and to remain continuously effective until the earlier of (1) such time as all of the shares covered by this prospectus have been disposed of pursuant to and in accordance with such registration statement or (2) the date on which all of the shares may be sold without restriction pursuant to Rule 144 of the Securities Act.
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Common Stock
Our authorized common stock consists of 300,000,000 shares of common stock. As of the date of this Prospectus, there are 97,427,857 shares of common stock issued and outstanding.
On June 16, 2026, stockholders holding a majority of our voting power approved the filing of a Certificate of Amendment to increase the number of authorized common stock from 100,000,000 to 300,000,000 shares of common stock. We filed a Preliminary Information Statement on Schedule 14C with the SEC on June 18, 2026, relating to this amendment. The Certificate of Amendment has become legally effective, and our authorized capital stock now consists of 300,000,000 shares of common stock. The shares of common stock being offered in this prospectus are fully covered by our authorized share pool.
Holders of our common stock are entitled to one vote for each share held of record on all matters submitted to a vote of the stockholders and have cumulative voting rights in the election of directors as provided under Nevada Revised Statutes Section 78.360. All outstanding shares of common stock are fully paid and non-assessable as provided under Nevada Revised Statutes Section 78.211, and the shares of common stock to be issued upon completion of this offering will be fully paid and nonassessable. There is no redemption or sinking fund provisions applicable to the common stock. In the event of any liquidation, dissolution or winding-up of our affairs pursuant to Nevada Revised Statutes Chapter 78, holders of common stock will be entitled to share ratably in any of our assets remaining after payment or provision for payment of all of our debts and obligations and after liquidation payments to holders of outstanding shares of preferred stock, if any, in accordance with their respective rights and preferences.
Series B Preferred Stock
In August 2024, the Company established a Series B Preferred Stock (the “Series B Preferred”) and authorized an aggregate of 20,000,000 shares with a par value of $0.001 per share. As of September 10, 2026, 3,943 shares of Series B Preferred Stock are issued and outstanding. Shares of Series B Preferred Stock have no voting rights and convert into 1 share of common stock of the Company for each share of Series B Stock at the sole discretion of the Board of Directors.
Series C Preferred Stock
In November 2025, the Company established a Series C Super Voting Preferred Stock (the “Series C Preferred”) and authorized an aggregate of 100,000 shares with a par value of $0.001 per share. As of September 10, 2026, 100,000 shares of Series C Preferred are issued and outstanding. All shares of Series C Preferred are owned by SSO, LLC, which is controlled by the Company’s Chief Executive Officer. The Series C Preferred Stock shave no conversion rights and have voting rights equal to 1,000 votes per 1 share of Series C Preferred Stock.
Dividends
It is our present intention not to pay any cash dividends in the foreseeable future, but rather to reinvest earnings, if any, in our business operations.
Anti-Takeover Effects of Certain Provisions of Our Certificate of Incorporation and Bylaws to Be in Effect Upon the Completion of This Offering Undesignated Preferred Stock
As discussed above, our board of directors will have the ability to issue preferred stock with voting or other rights or preferences that could impede the success of any attempt to acquire control of us. These and other provisions may have the effect of deterring hostile takeovers or delaying changes in control or management.
Board Classification
Our articles of incorporation, which will be in effect upon the completion of this offering, will provide for a board of directors comprised of three classes of directors, with each class serving a three-year term beginning and ending in different years than those of the other two classes. Only one class of directors will be elected at each annual meeting of our stockholders, with the other classes continuing for the remainder of their respective three-year terms.
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Differences in Corporate Law Resulting from Our Reincorporation in Nevada
On October 3, 2025, we converted our Delaware incorporation and reincorporated in Nevada. Pursuant to that reincorporation, the rights of our stockholders are governed by the NRS and our Nevada Articles of Incorporation and Bylaws. Nevada law provides a strong statutory business-judgment presumption and broader liability protections for directors and officers than Delaware in several respects, which may make it more difficult for stockholders to prevail in litigation against our directors and officers. Nevada’s decisional law is also less developed than Delaware’s, which could increase uncertainty in the application of corporate law to our affairs. See “Risk Factors-Our reincorporation in Nevada will change the rights of our stockholders and may increase legal uncertainty.”
Our Nevada Articles of Incorporation and Bylaws provide for the exculpation of and indemnification to directors and officers to the fullest extent permitted under the Nevada Revised Statutes (NRS), thereby affording robust protection mechanisms consistent with Nevada law. Cross-references to these provisions may be found in Part II, “Indemnification of Directors and Officers,” and Article VI of the Bylaws. With respect to stockholder rights and corporate records, material differences exist between Nevada and Delaware law, particularly concerning inspection rights and internal affairs doctrine; notably, recent 2025 amendments to the Delaware General Corporation Law (DGCL) have narrowed stockholder books-and-records rights and introduced retroactive limitations, while Nevada maintains a distinct statutory and case law framework. On matters of corporate governance, unless explicitly stated otherwise in the Nevada Articles, cumulative voting shall not apply, and our governing documents expressly disallow cumulative voting-requiring conforming amendments to the Bylaws. Additionally, we have designated Nevada courts as the exclusive forum for all internal corporate claims, and federal courts for claims arising under the Securities Act of 1933, subject to applicable enforceability limitations.
Action by Written Consent; Special Meetings of Stockholders
Our articles of incorporation provide that, from and after the date our current Chief Executive Officer ceases to beneficially own at least 40% of the voting power of our outstanding common stock (the “Trigger Date”), our stockholders may not act by written consent, which may lengthen the amount of time required to take stockholder actions. As a result, following the Trigger Date, a holder controlling a majority of our common stock would not be able to amend our bylaws or remove directors without holding a meeting of our stockholders called in accordance with our bylaws. In addition, our articles of incorporation provide that, from and after the Trigger Date, special meetings of the stockholders may be called by the chairperson of our board of directors, our Chief Executive Officer, our board of directors, or by stockholders representing at least 10% of the voting power as permitted under NRS 78.310. Following the Trigger Date, stockholders may not call a special meeting of stockholders, which may delay the ability of our stockholders to force consideration of a proposal or for holders controlling a majority of our common stock to take any action, including the removal of directors.
Advance Notice Procedures
Our bylaws establish advance notice procedures with respect to stockholder proposals and stockholder nomination of candidates for election as directors. These provisions may have the effect of precluding the conduct of certain business at a meeting if the proper procedures are not followed. These provisions may also discourage or deter a potential acquirer from conducting a solicitation of proxies to elect the acquirer’s own slate of directors or otherwise attempting to obtain control of us.
Removal of Directors; Vacancies
Our articles of incorporation provide that directors may be removed from office, with or without cause, by the affirmative vote of stockholders holding at least two-thirds of the voting power of our outstanding common stock, consistent with NRS 78.335. Prior to the Trigger Date, directors may be removed with or without cause by the affirmative vote of at least a majority of the voting power of our outstanding common stock.
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No Cumulative Voting
Because our stockholders will not have cumulative voting rights, stockholders holding a majority of the voting power of the common stock outstanding will be able to elect all of our directors. The absence of cumulative voting makes it more difficult for a minority stockholder to nominate and elect a director to our board of directors in order to influence our board of directors’ decision regarding a takeover or otherwise.
Amendment of Charter and Bylaw Provisions
Our articles of incorporation provide that, following the Trigger Date, the amendment of certain of the provisions of our certificate of incorporation described in this prospectus will require approval by holders of at least two-thirds of the voting power of our outstanding common stock. Our articles of incorporation provide that our board of directors may from time to time adopt, amend, alter, or repeal our bylaws without stockholder approval. The stockholders may adopt, amend, alter, or repeal our bylaws by the affirmative vote of a majority of the voting power of our outstanding common stock (other than certain specified bylaws which, following the Trigger Date, will require the affirmative vote of two-thirds of our outstanding common stock).
The combination of these provisions will make it more difficult for another party to obtain control of us by replacing our board of directors. Because our board of directors has the power to retain and discharge our officers, these provisions could also make it more difficult for another party to effect a change in management.
These provisions are intended to enhance the likelihood of continued stability in the composition of our board of directors and its policies and to discourage coercive takeover practices and inadequate takeover bids. These provisions are also designed to reduce our vulnerability to hostile takeovers and to discourage certain tactics that may be used in proxy fights. However, such provisions could have the effect of discouraging others from making tender offers for our shares and may have the effect of delaying changes in our control or management.
Choice of Forum
Our Amended and Restated Bylaws provide that the state courts of Nevada will be the exclusive forum for: (i) any derivative action or proceeding brought on our behalf; (ii) any action asserting a breach of fiduciary duty; (iii) any action asserting a claim against us arising under the Nevada Revised Statutes; (iv) any action regarding our articles of incorporation or our bylaws; or (v) any action asserting a claim against us that is governed by the internal affairs doctrine. This provision would not apply to suits brought to enforce a duty or liability created by the Exchange Act or any other claim for which the U.S. federal courts have exclusive jurisdiction. These provisions will provide that, unless we consent in writing to the selection of an alternative forum, the federal district courts of the United States will be the exclusive forum for the resolution of any complaint asserting a cause of action arising under the Securities Act, subject to and contingent upon a final adjudication in the State of Nevada of the enforceability of such exclusive-forum provision. Any person or entity purchasing or otherwise acquiring any interest in shares of our capital stock will be deemed to have notice of, and consented to, the forum provisions in our Amended and Restated Bylaws. However, it is possible that a court could find our forum selection provisions to be inapplicable or unenforceable.
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Limitations on Liability and Indemnification of Officers and Directors
The Nevada Revised Statutes authorize corporations to limit or eliminate the personal liability of directors or officers to corporations and their stockholders for monetary damages for breaches of directors’ or officers’ fiduciary duties, subject to certain exceptions. Our articles of incorporation include a provision that eliminates the personal liability of directors and officers for monetary damages for any breach of fiduciary duty as a director or officer, respectively, except to the extent such exemption from liability or limitation thereof is not permitted under the Nevada Revised Statutes. The effect of these provisions will be to eliminate the rights of us and our stockholders, through stockholders’ derivative suits on our behalf, to recover monetary damages from a director or officer for breach of fiduciary duty as a director or officer, respectively, including breaches resulting from grossly negligent behavior. However, exculpation will not apply to any director or officer if the director or officer has acted in bad faith, knowingly or intentionally violated the law, authorized illegal dividends or redemptions, or derived an improper benefit from his or her actions as a director or officer.
Our bylaws provide that we must indemnify and advance expenses to our directors and officers to the fullest extent authorized by the Nevada Revised Statutes. We also will be expressly authorized to carry directors’ and officers’ liability insurance providing indemnification for our directors, officers, and certain employees for some liabilities. We believe that these indemnification and advancement provisions and insurance will be useful to attract and retain qualified directors and officers.
The limitation of liability, indemnification, and advancement provisions that will be included in our articles of incorporation and bylaws may discourage stockholders from bringing a lawsuit against directors for breaches of their fiduciary duty. These provisions also may have the effect of reducing the likelihood of derivative litigation against directors and officers, even though such an action, if successful, might otherwise benefit us and our stockholders. In addition, your investment may be adversely affected to the extent we pay the costs of settlement and damage awards against directors and officers pursuant to these indemnification provisions.
There is currently no pending material litigation or proceeding involving any of our directors, officers, or employees for which indemnification is sought.
Warrants and Options
The Company currently has 405,162 warrants to purchase common stock at a price of $4.32 with a cashless exercise, 7,700,000 warrants to purchase common stock at a price of $2.45 per share and 385,000 warrants to purchase common stock at a price of $2.695 with no cashless exercise.
Transfer Agent and Registrar
Our transfer agent is VStock Transfer, LLC with an address of 18 Lafayette Place, Woodmere, NY 11598, and a phone number of (212) 828-8436.
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The validity of the shares registered by us under this prospectus will be passed upon for us by Sichenzia Ross Ference Carmel LLP.
The consolidated financial statements of VenHub Global, Inc. as of and for the year ended December 31, 2024, incorporated by reference in this prospectus, have been audited by Rosenberg Rich Baker Berman, P.A., an independent registered public accounting firm, as stated in their report, which includes an explanatory paragraph as to the Company’s ability to continue as a going concern, and are incorporated herein by reference in reliance upon such report given on the authority of such firm as experts in accounting and auditing.
The consolidated financial statements of VenHub Global, Inc. as of and for the year ended December 31, 2025, incorporated by reference in this prospectus, have been audited by Bush & Associates CPA LLC, an independent registered public accounting firm, as stated in their report, which includes an explanatory paragraph as to the Company’s ability to continue as a going concern, and are incorporated by reference in reliance upon such report given on the authority of such firm as experts in accounting and auditing.
CHANGES IN INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
On May 9, 2025, we received notice from Rosenberg Rich Baker Berman, P.A. (“RRBB”) our independent registered public accounting firm, that they no longer will be our auditors moving forward for 2025.
RRBB’s report of independent registered public accounting firm dated March 28, 2025, except for the effects of the restatement and revisions discussed in Note 2 to the consolidated financial statements to which the date is September 9, 2025, on the VenHub Global Inc.’s consolidated balance sheet as of December 31, 2024 and the related consolidated statements of operations, stockholders’ equity, and cash flows for the year ended December 31, 2024. and the related notes collectively referred to as the financial statements, did not contain any adverse opinion or disclaimer of opinion, and were not qualified or modified as to uncertainties, audit scope or accounting principles, except for an explanatory paragraph in such report regarding substantial doubt about our ability to continue as a going concern.
During the period from January 31, 2023 (VenHub Global Inc.’s inception) through December 31, 2024 and the subsequent interim period through May 9, 2025, there were no “disagreements” (as such term is defined in Item 304(a)(1)(iv) of Regulation S-K) with RRBB on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreements, if not resolved to the satisfaction of RRBB, would have caused RRBB to make reference thereto in its reports on VenHub Global Inc’s financial statements for such periods. During the period from January 31, 2023 (VenHub Global Inc’s inception) through December 31, 2024 and the subsequent interim period through May 9, 2025, there have been no “reportable events” (as such term is defined in Item 304(a)(1)(v) of Regulation S-K).
We have provided RRBB with a copy of the foregoing disclosures and requested that RRBB furnish us with a letter addressed to the SEC stating whether it agrees with the above statements and, if not, stating the respects in which it does not agree. A copy of the letter from RRBB dated September 30, 2025, is filed as Exhibit 16.1 to the registration statement of which this prospectus forms a part.
On May 20, 2025, the Company approved the engagement of Bush & Associates CPA LLC (“Bush”) as our independent registered public accounting firm, effective upon the Auditor Change Effective Date. During the period from January 31, 2023 (VenHub Global Inc.’s inception) through December 31, 2024 and the subsequent interim period through May 9, 2025, neither we, nor anyone acting on our behalf, consulted with Bush regarding the application of accounting principles to a specified transaction (either completed or proposed), the type of audit opinion that might be rendered on our financial statements, or any matter that was either the subject of a “disagreement,” as defined in Item 304(a)(1)(iv) of Regulation S-K, or a “reportable event,” as defined in Item 304(a)(1)(v) of Regulation S-K.
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The SEC allows us to “incorporate by reference” information into this prospectus, which means that we can disclose important information to you by referring you to another document filed separately with the SEC. The information incorporated by reference is deemed to be part of this prospectus, and subsequent information that we file with the SEC will automatically update and supersede that information. Any statement contained in this prospectus or a previously filed document incorporated by reference will be deemed to be modified or superseded for purposes of this prospectus to the extent that a statement contained in this prospectus or a subsequently filed document incorporated by reference modifies or replaces that statement.
This prospectus and any accompanying prospectus supplement incorporate by reference the documents set forth below that have previously been filed with the SEC:
| ● | Our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on March 24, 2026; |
| ● | our Quarterly Reports on Form 10-Q for the quarters ended March 31, 2026 and June 30, 2026, filed with the SEC on May 12, 2026 and August 12, 2026, respectively; |
| ● | Our Current Reports on Form 8-K filed with the SEC on February 12, 2026, February 24, 2026, May 5, 2026, May 21, 2026, June 9, 2026, July 29, 2026, and September 2, 2026 (other than any portions thereof deemed furnished and not filed); | |
| ● | Our Definitive Information Statement, filed with the SEC on July 7, 2026; and |
| ● | The description of our common stock which is registered under Section 12 of the Exchange Act, in our registration statement Form 8-A, filed on January 27, 2026, including any amendment or reports filed for the purposes of updating this description. |
We also incorporate by reference into this prospectus all documents (other than current reports furnished under Item 2.02 or Item 7.01 of Form 8-K and exhibits filed on such form that are related to such items) that are filed by us with the SEC pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act after the date of the initial registration statement of which this prospectus is a part and prior to the effectiveness of such registration statement and all documents that are filed by us with the SEC pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act after the date of this prospectus but prior to the termination of the offering. These documents include periodic reports, such as Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, as well as proxy statements.
Any statement contained herein or in a document incorporated or deemed to be incorporated by reference into this document will be deemed to be modified or superseded for purposes of the document to the extent that a statement contained in this document or any other subsequently filed document that is deemed to be incorporated by reference into this document modifies or supersedes the statement. We will provide, without charge, to each person, including any beneficial owner, to whom a copy of this prospectus is delivered, upon written or oral request of such person, a copy of any or all of the documents incorporated by reference in this prospectus, other than exhibits to such documents unless such exhibits are specifically incorporated by reference into such documents. Requests may be made in writing or by telephone at VenHub Global, Inc., 5360 Procyon Street, Las Vegas, NV 89118. Our telephone number is (888) 585-4999.
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WHERE YOU CAN FIND MORE INFORMATION
We have filed with the SEC a registration statement on Form S-1 under the Securities Act for the securities offered by this prospectus. This prospectus does not contain all of the information in the Registration Statement and the exhibits and schedule that were filed with the registration statement. For further information with respect to us and our securities, we refer you to the registration statement and the exhibits and schedule that were filed with the registration statement. Statements contained in this prospectus about the contents of any contract or any other document that is filed as an exhibit to the registration statement are not necessarily complete, and we refer you to the full text of the contract or other document filed as an exhibit to the registration statement. The SEC maintains a website that contains reports, proxy and information statements, and other information regarding registrants that file electronically with the SEC. The address of the website is www.sec.gov.
We file periodic reports under the Exchange Act, including annual quarterly and special reports, and other information with the SEC. These periodic reports and other information are available for inspection and copying on the website of the SEC referred to above. We make available free of charge on or through our internet website our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Exchange Act as soon as reasonably practicable after we electronically file such material with, or furnish it to, the SEC. The information found on our website is not part of this prospectus.
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VENHUB GLOBAL, INC.
24,913,571 shares of common stock
Prospectus
, 2026
PART II - INFORMATION NOT REQUIRED IN PROSPECTUS
ITEM 13. OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION
The following table sets forth estimated expenses expected to be incurred in connection with the issuance and distribution of the securities being registered. We will pay all such expenses.
| Securities and Exchange Commission Registration Fee | $ | 2,907 | ||
| Audit Fees and Expenses | $ | 2,500 | ||
| Legal Fees and Expenses | $ | 50,000 | ||
| Transfer Agent and Registrar Fees and Expenses | $ | 1,000 | ||
| Miscellaneous Expenses | $ | 500 | ||
| Total | $ | 56,907 |
| * | Estimate Only |
ITEM 14. INDEMNIFICATION OF DIRECTORS AND OFFICERS
Under NRS 78.138(7), unless otherwise provided in a corporation’s Articles of Incorporation, directors and officers are generally not individually liable to the corporation, its stockholders or creditors for damages resulting from an act or failure to act in their capacities as directors or officers. The Company’s Articles of Incorporation do not contain any provision imposing greater individual liability on its directors or officers than is provided under Nevada law. Accordingly, the Company’s directors and officers are generally protected from monetary liability, except where it is proven that:
| a. | acts or omissions which involve intentional misconduct, fraud or a knowing violation of law; |
| b. | a violation of criminal law unless the director had reasonable cause to believe that his or her conduct was lawful or no reasonable cause to believe that his or her conduct was unlawful; |
| c. | a transaction from which the director derived an improper personal profit; and |
| d. | willful misconduct. |
The Articles of Incorporation provide that the Company will indemnify its officer, director, legal representative, and persons serving at the request of the Company as a director or officer of another corporation, or as its representative in a partnership, joint venture, trust or other enterprise to the fullest extent legally permissible under Nevada Revised Statutes (NRS) Chapter 78, particularly NRS 78.7502, against all expenses, liability and loss (including attorney’s fees, judgments, fines and amounts paid or to be paid in settlement) reasonably incurred or suffered by that person as a result of that connection to the Company. This right of indemnification under the Articles is a contract right, which may be enforced in any manner by such person and extends for such persons benefit to all actions undertaken in good faith on behalf of the Company.
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ITEM 15. RECENT SALES OF UNREGISTERED SECURITIES
During the period from September 10, 2023 through September 10, 2026, (the “Reporting Period”), we issued the following unregistered securities. Unless otherwise indicated, share amounts are presented on an as-issued basis.
Issuances for Services Rendered (Section 4(a)(2))
From September 11, 2023 through September 10, 2026, we issued an aggregate of 21,008,321 shares of common stock to consultants and other service providers as consideration for bona fide services (the “SR Issuances”).
These issuances were made in reliance on Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), as transactions not involving a public offering. Each recipient represented investment intent, had access to information necessary to make an informed investment decision, and was sophisticated within the meaning of the federal securities laws. No general solicitation or general advertising was used. The shares are “restricted securities” under Rule 144; appropriate restrictive legends and stop-transfer instructions were, or will be, applied.
Private Placements for Cash (Rule 506(b))
In June 2025, we completed a private placement of Units, each Unit consisting of two (2) shares of common stock and one (1) warrant to purchase one share of common stock. We sold 405,162 Units at $8.64 per Unit for gross proceeds of $3,500,000. The accompanying warrants carry a $4.32 per-share exercise price and are otherwise on customary private-placement terms. In total, the Unit sale resulted in the issuance of 810,184 shares of common stock and 405,162 warrants.
These sales were made in reliance on Rule 506(b) of Regulation D. We did not use general solicitation or advertising. All purchasers were (or were represented to be) accredited investors within the meaning of Rule 501(a). Each purchaser represented investment intent and was afforded access to information necessary to make an informed investment decision. Certificates or book-entry statements bear appropriate restrictive legends, and stop-transfer instructions were issued. We have filed or will file a Form D and make any required state notice filings.
Use of proceeds: All cash proceeds from this financing were used to purchase parts and accessories for VenHub Smartstore testing and units for sale, also including capital, operating, research and development expenses, consistent with our financial statement disclosures.
February 2026 Private Placement (Section 4(a)(2) / Rule 506)
On February 10, 2026, we entered into a securities purchase agreement with an institutional investor for the sale of 7,700,000 shares of common stock at $2.45 per share and warrants to purchase up to 7,700,000 additional shares of common stock at an exercise price of $2.45 per share, for aggregate gross proceeds of $18,865,000. The offering closed on February 12, 2026. In connection with the offering, we issued warrants to purchase 385,000 shares of common stock to A.G.P./Alliance Global Partners, as placement agent, at an exercise price of $2.695 per share. These securities were issued in reliance on Section 4(a)(2) of the Securities Act and/or Rule 506 of Regulation D promulgated thereunder; no general solicitation or general advertising was used, and appropriate restrictive legends and stop-transfer instructions were applied.
Issuance Pursuant to Settlement with TGAA (Section 4(a)(2))
On May 15, 2025, we issued 3,462,375 shares of common stock to the TGAA parties in connection with a settlement agreement (the “TGAA Settlement”). Under that agreement, the TGAA parties agreed to forfeit 100,000 shares to treasury upon a direct listing of our common stock, resulting in 3,362,375 shares held by the TGAA parties upon listing. These securities were issued in reliance on Section 4(a)(2) of the Securities Act; no fairness hearing occurred. No general solicitation or general advertising was used. Certificates or book-entry statements bear appropriate restrictive legends, and the shares are subject to transfer restrictions.
Convertible Note Extension
On January 2, 2026, the Company entered into an agreement with certain noteholders to extend the maturity date of the notes to March 31, 2026. In consideration for the extension, the Company issued an aggregate of 2,000,000 shares of its common stock to the noteholders.
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Regulation CF - Series B Preferred
Beginning in April 2024, we conducted a Regulation CF offering of our Series B Preferred Stock, under which we sold 675,015 shares of Series B Preferred for aggregate proceeds of $2,735,670.99 at an average price of $4.05 per share. Prior to receiving payment, 3,943 of those shares were issued, for which the Company never received payment. The Series B Preferred converts into common stock on a 1:1 basis on November 14, 2025 (conversion solely for illustration of potential dilution; the sales reported here were the unregistered Reg CF sales of preferred shares).
Use of proceeds: Amounts raised under Regulation CF were used to purchase parts and accessories for VenHub Smartstore testing and units for sale including capital, operating, and research and development expenses.
ELOC Transaction. On August 27, 2026, we entered into an Equity Purchase Agreement, effective as of August 26, 2026, (the “ELOC Purchase Agreement”) with Euphoria Capital (“Euphoria”), pursuant to which Euphoria committed to purchase from us, at our discretion, up to $100,000,000 of shares of our common stock during a 24-month commitment period. The purchase price for shares sold under the ELOC Purchase Agreement is 97% of the average volume-weighted average prices (“VWAPS”) of our common stock during a valuation period of three consecutive Trading Days. We issued 800,000 shares of common stock to Euphoria as commitment shares. The ELOC Purchase Agreement includes a 4.99% beneficial ownership limitation and an Exchange Cap of 18,278,571 shares unless we obtain shareholder approval under Nasdaq Rule 5635(d).
Securities Purchase Agreement. On August 13, 2026, we entered into a Securities Purchase Agreement with Craig Horn for the issuance and sale of 500,000 shares of our common stock at $1.00 per share. The agreement provides Mr. Horn with piggyback registration rights.
Second Tranche of Service Agreement Issuances. Following the increase in our authorized common stock from 100,000,000 to 300,000,000 shares on July 28, 2026, we issued shares under certain service agreements: 1,000,000 shares to Vervetria Investments Ltd., 1,000,000 shares to Sunflower Marketing LLC, 1,125,000 shares to Dalmasia Ltd., 1,250,000 shares to Pacific Design Studio LLC, and 960,000 shares to Worldwide Acquisitions LLC.
Other Private Placements for Cash. In January 2024, we issued 14,000 shares of common stock to an investor for aggregate cash consideration of $35,000. In April 2024, we issued 35,524 shares of common stock to an investor for aggregate cash consideration of $200,000. In July 2024, we issued an additional 30,211 shares of common stock to the same investor for aggregate cash consideration of $300,000. In January 2026, we issued 8,334 shares of common stock to an investor for aggregate cash consideration of $100,008 and 16,667 shares of common stock to another investor for aggregate cash consideration of $200,004.
The foregoing transactions resulted in the issuance of an aggregate of 104,736 shares of common stock for aggregate gross proceeds of $835,012. The securities were issued in transactions exempt from registration under the Securities Act pursuant to Section 4(a)(2) and/or Regulation D, as applicable, and were issued as restricted securities.
Additional Information Applicable to All Unregistered Sales
Except as described above, no underwriters were involved in the foregoing transactions, and no underwriting discounts or commissions were paid by us (other than any ordinary 506(b) placement-agent compensation, if applicable, which would be disclosed in our financial statements or a subsequent amendment). The foregoing offers and sales were made without registration under the Securities Act, and the securities may not be offered or sold in the United States absent registration or an applicable exemption from registration. We believe the above transactions were exempt from registration as noted, did not involve a public offering, and were conducted in compliance with applicable state securities (“blue sky”) laws.
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ITEM 16. EXHIBITS and Financial Statement Schedules
(a) Exhibits
See the Exhibit Index List below, which is incorporated by reference herein.
| * | Filed here within |
(b) Financial Statement Schedules.
All financial statement schedules are omitted because the information called for is not required or is shown either in the financial statements or in the notes thereto.
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Item 17. UNDERTAKINGS
The undersigned Registrant hereby undertakes:
| 1) | To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement to: |
| a) | Include any prospectus required by Section 10(a)(3) of the Securities Act; |
| b) | Reflect in the prospectus any facts or events which, individually or together, represent a fundamental change in the information in the Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the SEC pursuant to Rule 424(b) if, in the aggregate, the changes in the volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective Registration Statement; and |
| c) | Include any additional or changed material information on the plan of distribution. |
| 2) | To, for the purpose of determining any liability under the Securities Act, treat each post-effective amendment as a new Registration Statement relating to the securities offered herein, and to treat the offering of such securities at that time to be the initial bona fide offering thereof. |
| 3) | To remove from registration, by means of a post-effective amendment, any of the securities being registered hereby that remain unsold at the termination of the offering. |
| 4) | This Registration Statement relates solely to the resale of securities by the selling stockholders identified herein and does not relate to a primary offering of securities by the undersigned Registrant. Accordingly, the undertaking set forth in Item 512(a)(6) of Regulation S-K applicable to primary offerings is not applicable to this Registration Statement. |
Insofar as indemnification for liabilities arising under the Securities Act of 1933 (the “Act”) may be permitted to our directors, officers and controlling persons pursuant to the provisions above, or otherwise, we have been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act, and is, therefore, unenforceable.
In the event that a claim for indemnification against such liabilities, other than the payment by us of expenses incurred or paid by one of our directors, officers, or controlling persons in the successful defense of any action, suit or proceeding, is asserted by one of our directors, officers, or controlling persons in connection with the securities being registered, we will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification is against public policy as expressed in the Securities Act, and we will be governed by the final adjudication of such issue.
For the purposes of determining liability under the Securities Act for any purchaser, each prospectus filed pursuant to Rule 424(b) as part of a Registration Statement relating to an offering, other than Registration Statements relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included in the Registration Statement as of the date it is first used after effectiveness. Provided, however, that no statement made in a Registration Statement or prospectus that is part of the Registration Statement or made in a document incorporated or deemed incorporated by reference into the Registration Statement or prospectus that is part of the Registration Statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made in the Registration Statement or prospectus that was part of the Registration Statement or made in any such document immediately prior to such date of first use.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Las Vegas, Nevada on the 10th day of September, 2026.
| VenHub Global, Inc. | ||
| By: | /s/ Shahan Ohanessian | |
| Name: | Shahan Ohanessian | |
| Title: | Chief Executive Officer, Director (Principal Executive Officer) | |
In accordance with the requirements of the Securities Act of 1933, this Registration Statement was signed by the following persons in the capacities and on the dates stated.
| Signature | Title | Date | ||
| /s/ Shahan Ohanessian | Chief Executive Officer | September 10, 2026 | ||
| Shahan Ohanessian | (Principal Executive Officer) | |||
| /s/ Matt Hidalgo | Chief Financial Officer | September 10, 2026 | ||
| Matt Hidalgo | (Principal Financial Officer and Principal Accounting Officer) |
|||
| /s/ * | Chairwoman | September 10, 2026 | ||
| Shoushana Ohanessian | ||||
| /s/ * | Director | September 10, 2026 | ||
| Nader Kabbani | ||||
| /s/ * | Director | September 10, 2026 | ||
| Jeffrey Rubin | ||||
| /s/ * | Director | September 10, 2026 | ||
| Chantal Wessels |
| * By: | /s/ Shahan Ohanessian | |
| Shahan Ohanessian | ||
| Attorney-in-fact | ||
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Exhibit 5.1
September 10, 2026
VenHub Global, Inc.
5360 Procyon Street
Las Vegas, NV 89118
Re: VenHub Global, Inc. – Registration Statement on Form S-1
Ladies and Gentlemen:
We have acted as counsel to VenHub Global, Inc., a Nevada corporation (the “Company”) in connection with the Registration Statement on Form S-1 (File No. 333-298746) (the “Registration Statement”) filed by the Company with the Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “Securities Act”), relating to the registration of up to 24,913,571 shares (the “Shares”) of the Company’s common stock, par value $0.001 per share (the “Common Stock”), for resale by the selling stockholders identified in the Registration Statement. The Shares consist of (i) up to 18,278,571 shares of Common Stock (the “ELOC Shares”) issuable to Euphoria Capital pursuant to an Equity Purchase Agreement, entered into on August 27, 2026 and effective as of August 26, 2026 (the “ELOC Purchase Agreement”); (ii) 800,000 shares of Common Stock issued to Euphoria Capital as consideration for its commitment under the ELOC Purchase Agreement (the “Commitment Shares”); (iii) 500,000 shares of Common Stock issued to Craig Horn pursuant to a Securities Purchase Agreement dated August 13, 2026 (the “SPA Shares”); and (iv) 5,335,000 shares issued pursuant to service agreements with Vervetria Investments Ltd., Sunflower Marketing LLC, Dalmasia Ltd., Pacific Design Studio LLC, and Worldwide Acquisitions LLC (the “Second-Tranche Service Agreement Shares”). This opinion is being furnished as Exhibit 5.1 to the Registration Statement. Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the ELOC Purchase Agreement. In our capacity as counsel to the Company, we have examined, among other things, originals, or copies identified to our satisfaction as being true copies, of the following:
(i) The Articles of Incorporation of the Company, as in effect on the date hereof (the “Charter”);
(ii) The Amended and Restated Bylaws of the Company as in effect on the date hereof (the “Bylaws”, together with the Charter, the “Organizational Documents”);
(iii) The Regisrtation Statement, including the prospectus contained therein;
(iv) The Equity Purchase Agreement, dated August 27, 2026, between the Company and Euphoria Capital (the “ELOC Purchase Agreement”);
(v) The Registration Rights Agreement, dated August 27, 2026, between the Company and Euphoria Capital;
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(vi) The Securities Purchase Agreement, dated August 13, 2026, between the Company and Craig Horn;
(vii) The service agreements, pursuant to which the Second-Tranche Service Agreement Shares were issued;
(viii) Resolutions adopted by the Board of Directors of the Company relating to the Registration Statement and the issuance of the shares; and
(ix) Such other records, certificates, documents and instruments, certified or otherwise identified to our satisfaction, as we have considered necessary or appropriate for the purposes of this opinion.
In addition, we have obtained from public officials and from officers and other representatives of the Company such other certificates and assurances as we consider necessary for purposes of this opinion. We have assumed the accuracy of all copies provided to us, the legal capacity of the individual signatories to all documents and the due authorization execution and delivery of the all documents by the parties thereto. We have also assumed the genuineness of all signatures.
As used in this opinion, the expressions “to our knowledge” and “known to us” with reference to matters of fact means that, after considering the actual knowledge of those attorneys in our firm who have given substantive attention to the Company’s affairs, but not including any constructive or imputed notice of any other information, we have no reason to believe that the factual statements expressed herein are factually incorrect. Beyond that we have made no independent factual investigation for the purpose of rendering an opinion with respect to such matters except as otherwise specified in this opinion.
We are members of the bar of the state of New York. Our opinions hereafter expressed are limited to the laws of the State of New York to the extent expressly set forth herein, the federal laws of the United States of America and the Nevada Revised Statutes, and we express no opinion as to the extent to which the laws of any jurisdiction other than those identified above are applicable to the subject matter hereof.
On the basis of our examination of the foregoing, and subject to the qualifications and limitations set forth herein, we are of the opinion that:
| 1. | The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Nevada. |
| 2. | The Commitment Shares, the SPA Shares and the Second-Tranche Service Agreement Shares have been duly authorized and are validly issued, fully paid and non-assessable. |
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| 3. | The ELOC Shares have been duly authorized and when issued and delivered by the Company in accordance with the terms of the ELOC Purchase Agreement against payment of the consideration set forth therein, will be validly issued, fully paid and non-assessable. |
Our opinions expressed above are specifically subject to the following limitations, exceptions, qualifications and assumptions:
(a) The opinions expressed herein are subject to the effect of bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer, fraudulent conveyance or similar laws affecting the rights of creditors generally, and general principles of equity.
We hereby consent to the filing of this opinion as Exhibit 5.1 to the Registration Statement and to the reference to our firm under the caption “Legal Matters” in the prospectus forming a part of the Registration Statement. In giving this consent, we do not thereby admit that we are within the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Commission thereunder.
| Very truly yours, | |
| Sichenzia Ross Ference Carmel LLP |
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