Park Ha Biological Technology (BYAH) Registration filing summary
Event summary combining transcript, slides, and related documents.
Registration filing summary
16 Apr, 2026Company overview and business model
Operates as a Cayman Islands holding company with business conducted through PRC subsidiaries and VIEs focused on skincare product development, direct sales, and franchise promotion in China.
The brand specializes in solutions for problematic skin, offering nearly 70 proprietary products across 10 series, with a strong focus on small molecule peptide technology.
Franchise network includes 22 franchisees as of October 31, 2025, primarily in Jiangsu Province, with expansion supported by social marketing and community-based events.
Growth strategies include expanding R&D partnerships, vocational training, social media marketing, supply chain improvements, and strategic investments or acquisitions.
Financial performance and metrics
As of April 15, 2026, public float was approximately $5.14 million, based on 4,510,446 Class A Ordinary Shares held by non-affiliates at $1.14 per share.
In August 2025, $1.4 million was transferred from the holding company to a PRC subsidiary as investment.
No dividends or distributions have been made to shareholders or between subsidiaries as of the prospectus date.
Use of proceeds and capital allocation
Net proceeds from securities sales will be used for business expansion, including directly operated stores in China, as indicated in applicable prospectus supplements.
Intends to retain most available funds and future earnings for operations and expansion, with no anticipated cash dividends in the foreseeable future.
Latest events from Park Ha Biological Technology
- FY2025 saw revenue growth but a large net loss due to share-based compensation, with strong gross margins.BYAH
Q4 20252 Mar 2026 - IPO raised $4.8M, shares listed as "PHH" on Nasdaq, with strong governance and incentive plans.BYAH
Registration Filing23 Jan 2026 - FY2024 revenue declined 3% to $2.38M, net income dropped 44%, and gross margin rose to 92%.BYAH
Q4 20247 Dec 2025 - Franchise skincare firm seeks $2.5M for store expansion, with high China regulatory and market risks.BYAH
Registration Filing7 Dec 2025 - High-margin skincare business with broad China presence and ongoing R&D-driven growth.BYAH
Corporate Presentation7 Dec 2025 - Franchise skincare firm seeks $3.5M via Nasdaq share/warrant offering amid regulatory and financial risks.BYAH
Registration Filing30 Nov 2025 - IPO targets $7.2M for China skincare expansion; CEO retains control; FY2023 revenue up, H1 2024 down.BYAH
Registration Filing29 Nov 2025 - China-focused skincare franchisor targets $6M Nasdaq IPO amid regulatory and operational risks.BYAH
Registration Filing29 Nov 2025 - IPO seeks $6M to expand skincare franchise, but faces China regulatory and operational risks.BYAH
Registration Filing29 Nov 2025