AIOS Tech

Capital allocation signals are concerning. The company effected a 1‑for‑20 reverse split to address a Nasdaq bid‑price deficiency, then filed an F‑3 registering a $300 million universal shelf plus resale of 3 million PIPE shares and 6 million high‑strike warrants.

A June 2026 share subscription issued 5 million super‑voting Class B shares to Co‑CEO Guo Li at par, creating 99.4 percent voting control. Meanwhile, cash collections on the PIPE remained outstanding as of June 30, and the company extended loans to third parties.

These actions collectively raise dilution, control, and capital quality questions relative to minority holders.