Eastern International Ltd. filed a Form F-1 registration statement with the U.S. Securities and Exchange Commission on November 2, 2026, seeking to raise up to $4,500,000 through a best-efforts offering of 12,500,000 ordinary shares at an assumed price of $0.36 per share.

Key Highlights

  • Offering size: Up to 12,500,000 ordinary shares at an assumed public offering price of $0.36 per share, for a total assumed offering amount of $4,500,000.
  • Par value: Each ordinary share carries a par value of US$0.0001.
  • Placement agent: uSmart Capital, LLC is engaged as exclusive placement agent on a best-efforts basis, earning commissions of 5% of aggregate gross proceeds, or $0.018 per share, plus reimbursement of up to $100,000 in expenses.
  • Proceeds to issuer: Net proceeds to the company, before expenses, are $0.342 per share, or $4,275,000 in total at the maximum offering amount.
  • Recent market price: The last reported sales price of the ordinary shares on the Nasdaq Capital Market on October 30, 2026 was $0.72 per share, above the assumed offering price.
  • Emerging growth company: The registrant disclosed that it qualifies as an "emerging growth company" under the Jumpstart Our Business Startups Act of 2012 and will be subject to reduced public company reporting requirements.
  • No minimum offering: The filing states there is no minimum offering amount required as a condition to closing, meaning actual proceeds "may be substantially less than the total maximum offering amounts."

Eastern International Ltd. Registration Details and Structure

According to the filing, Eastern International Ltd. (NASDAQ:ELOG) is an exempted company incorporated in the Cayman Islands. The company described itself as "not a Chinese operating company but rather a Cayman Islands holding company without material operations," with business conducted through subsidiaries in China. The filing noted that investors purchasing ordinary shares in this offering "may never directly hold any equity interest in our operating entities" in China.

The filing disclosed that the offering will be conducted on a best-efforts basis, with uSmart Capital, LLC acting as exclusive placement agent. The placement agent has "no obligation to purchase any of the securities" or to arrange for the purchase or sale of any specific number or dollar amount. The filing further stated that the offering is expected to be completed "not later than sixty (60) business days following the commencement of sales," and that proceeds will be available for the company's "immediate use" upon receipt, with no escrow or trust account arrangement in place.

The prospectus noted that the assumed offering price of $0.36 per share represents a discount to the October 30, 2026 last reported sales price of $0.72 per share, and that the final offering price "will be determined through negotiation between us, the Placement Agent, and the investors." The filing directs potential investors to its Risk Factors section beginning on page 10, which addresses risks related to operations in China, including government policy changes and evolving legal and regulatory conditions.

What Was Disclosed

Eastern International Ltd. filed a preliminary Form F-1 registration statement on November 2, 2026, to register up to 12,500,000 ordinary shares at an assumed price of $0.36 per share, with uSmart Capital, LLC as exclusive placement agent on a best-efforts basis and no minimum offering condition.