“`html
UCLOUDLINK GROUP INC. (NASDAQ: UCL) has announced the suspension of financing activities under its Form F-3 registration statement until August 7, 2025. The company plans to focus on core business growth and market expansion, prompted by improved financial performance post-pandemic. CEO Chaohui Chen highlighted the aim to strengthen revenue streams and enhance user engagement.
From 2022 to 2024, UCLOUDLINK reported steady growth in net operating cash inflows. The company will concentrate resources on key business segments, including GlocalMe MBB/FBB, GlocalMe Life, GlocalMe SIM, and GlocalMe IoT. Although the decision reflects confidence in current financial health, it may limit the firm’s ability to address immediate financial needs until 2026.
For inquiries, UCLOUDLINK’s Investor Relations can be contacted at [email protected] or +852-2180-6111.
“`
