Sheng-Kai (Scott) Hsu
On January 13, 2025, the nominating and corporate governance committee of the Board recommended, and the Board approved and appointed Mr. Sheng-Kai (Scott) Hsu to serve as the Company’s CFO.
Highest-materiality recent filing
Armlogi Q3 net loss $5.1M; revenue down 9.1% YoY on transportation services decline
Q3 total revenue $41.7M, down 9.1% YoY; warehousing revenue up 7.3% to $18.6M, transportation down 19.1% to $23.1M.
Armlogi gets Nasdaq approval to transfer to Capital Market; 180-day bid price cure extension
Transfer from Nasdaq Global Market to Capital Market approved, effective May 8, 2026.
Armlogi receives Nasdaq notice for MVPHS non-compliance; 180-day cure period
Nasdaq notice on Apr 17, 2026: Market Value of Publicly Held Shares below $5M for 30 consecutive business days.
Armlogi Holding Corp. shareholders re-elect five directors and ratify auditor at 2025 annual meeting
Directors Aidy Chou, Tong Wu, Russel Morgan, Maxwell E. Lin, David Chiu each elected with over 27.4M votes for; broker non-votes of 1,668,462.
Notice received Nov 7, 2025 for non-compliance with Nasdaq Listing Rule 5450(a)(1) - bid price below $1 for 30 consecutive days.
Armlogi reports FY2025 revenue up 14%, but net loss of $15.3M vs. $7.4M profit prior year
Total revenue rose 14% to $190.4M, driven by strong demand for warehousing and transportation services.
Two directors resigned Aug 31, 2025 for personal reasons; no disagreement with company.
Company acknowledged VWAP below floor price of $1.1880 for 5 trading days, triggering Amortization Event on $6.8M outstanding notes.
Armlogi Q3 FY2025 net loss $3.76M ($0.09/sh) vs net income $0.68M YoY; revenue up 19% to $45.8M
Q3 revenue $45.8M, +19.3% YoY; cost of sales surged 29.8% to $45.6M, crushing gross margin to 0.6% from 8.6%.
Armlogi amends convertible note terms after VWAP falls below floor price of $1.1880
Company acknowledges Floor Price Event (VWAP below $1.1880 for 5 consecutive days) triggering Amortization Event.
Previously reported omnibus amendment to Nov. 26, 2024 SEPA and Registration Rights Agreement was not executed.
Armlogi amends SEPA; reduces third tranche to $5.5M, extends deadline to March 31, 2025
Third tranche of Pre-Paid Advance reduced from $11M to $5.5M.
Armlogi CFO Zhiliang Zhou resigns; Sheng-Kai Hsu appointed as new CFO
Zhiliang (Ian) Zhou resigns as CFO effective Jan 13, 2025 for personal reasons; will remain in advisory capacity.
Armlogi stockholders elect five directors and ratify auditor at annual meeting
Five directors elected: Aidy Chou (27,007,230 for), Tong Wu (27,007,245), Kwong Sang Liu (27,007,245), Russel Morgan (27,007,233), Florence Ng (27,007,218).
Armlogi closes $5M second tranche of pre-paid advance under SEPA with YA II PN
Second tranche of $21M Pre-Paid Advance disbursed $5M on Dec 17, 2024; 0% interest (18% on default), matures Nov 25, 2026.
Armlogi enters $50M SEPA with Yorkville, receives $5M initial tranche of $21M convertible note
$21M convertible promissory note in three tranches; initial $5M received at closing.
Armlogi FY2024 revenue up 24% to $167M; net income drops 47% to $7.4M
Revenue rose 23.6% to $167.0M; transportation revenue +18.8%, warehousing +38.1%.
Armlogi Reports Revenue Growth for Nine Months Ended March 31, 2024
Total revenue for nine months ended March 31, 2024 was $121.7 million, up 39.9% from $87.0 million
Armlogi partners with Massimo Group to provide warehousing and logistics for vehicle assembly
Armlogi will manage container shipments of Massimo's vehicle kits from Asian suppliers.
Armlogi becomes authorized warehouse provider for Temu marketplace sellers
Armlogi (BTOC) announced it became an authorized warehouse provider for Temu marketplace sellers on June 5, 2024.
Armlogi signs lease for 733,200 sq ft warehouse near Port of Savannah, its 11th facility
New lease for 733,200 square foot warehouse near Port of Savannah, Georgia, a major East Coast logistics hub.
Armlogi Holding Corp. completes $8M IPO on Nasdaq; shares begin trading under BTOC
IPO of 1.6M shares at $5.00/share, gross proceeds $8M before expenses.
On January 13, 2025, the nominating and corporate governance committee of the Board recommended, and the Board approved and appointed Mr. Sheng-Kai (Scott) Hsu to serve as the Company’s CFO.
On January 10, 2025, Zhiliang (Ian) Zhou, chief financial officer (“CFO”) of Armlogi Holding Corp. (the “Company”), submitted a letter of resignation indicating his intention to resign as the Company’s CFO, effective January 13, 2025
Max materiality 0.90 · Median 0.65 · Most common event other_material