A Beijing-based co-working provider (NASDAQ: UK) executed a private exchange of 1,330 preferred shares on June 11, 2026, restructuring its capital without public offering.

Key Highlights

  • The company exchanged 1,330 Series A preferred shares for an equal number of Series B preferred shares in a private transaction on June 11, 2026.
  • Each Series B preferred share carries a par value of $0.24, matching the terms of the cancelled Series A shares.
  • The exchange agreement includes indemnification clauses covering liabilities under the Securities Act of 1933.
  • No public offering was involved; the deal was disclosed via SEC Form 6-K with filing number 0001213900-26-068440.
  • The company’s Beijing headquarters is located at No. 12 Taiyanggong Middle Road, Chaoyang District, postal code 100028.

A Beijing-based co-working space operator restructured its capital through a private share exchange, replacing 1,330 Series A preferred shares with an identical number of Series B preferred shares. The transaction, completed on June 11, 2026, did not involve new capital raising or public offering, according to regulatory filings.

The company adopted a certificate of designations for the new Series B shares, which mirror the terms of the cancelled Series A shares. Each share holds a par value of $0.24, with no change in economic rights or preferences. The exchange agreement includes standard representations, warranties, and indemnification provisions, protecting the company against potential liabilities under U.S. securities laws.

The deal was disclosed in a Form 6-K filing with the U.S. Securities and Exchange Commission, assigned the accession number 0001213900-26-068440. The filing clarifies that the agreement is not intended to provide public investors with additional financial disclosures, directing them instead to other SEC filings for operational updates.

Analysts note that such private exchanges are often used to simplify capital structures or resolve investor disputes without triggering public market reactions. The company’s shares trade on the NASDAQ under the ticker UK, though the transaction itself had no immediate impact on its stock price.

China’s co-working sector has faced volatility in recent years, with operators adjusting business models amid shifting demand for flexible office space. The company, headquartered in Beijing’s Chaoyang District, has not signaled broader strategic changes beyond this capital restructuring.

This article is for informational purposes only and does not constitute financial advice. Please consult a licensed financial adviser before making investment decisions.