VenHub Global (VHUB) Registration filing summary

Company overview and business model

• Operates fully autonomous, AI-driven robotic stores offering 24/7 seamless shopping experiences with smart inventory management and personalized customer engagement.

• Generates revenue from one-time Smart Store deployments and expects to grow recurring SaaS, maintenance, and support revenue as commercial installations expand.

• Manages manufacturing, assembly, installation, software, and support through four subsidiaries, supporting both company-owned and customer-operated locations.

• Commercialization strategy includes scaling manufacturing, logistics, and support infrastructure to enable broader rollout.

Financial performance and metrics

• As of June 30, 2026, accumulated deficit was $109.2 million with negative working capital of $1.77 million; cash and equivalents were $2.56 million.

• Net losses were $62.4 million in 2025 and $9.4 million in 2024; company has not achieved profitability and expects continued losses.

• Auditors have expressed substantial doubt about ability to continue as a going concern due to recurring losses and dependence on external financing.

Use of proceeds and capital allocation

• May receive up to $100 million in gross proceeds from ELOC Share sales to Euphoria Capital, to be used for general corporate purposes including capital, operating, and R&D expenses.

• Management has broad discretion over use of proceeds from ELOC Share sales.