As filed with the U.S. Securities and Exchange Commission on March 11, 2026. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Primeage Technology Group Co., Ltd (Exact name of registrant as specified in its charter) British Virgin Islands 6770 00-0000000 (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identifica ...

Core Insights - Silvaco Group, Inc. has successfully secured its second AI/ML FTCO™ customer, leading to revenue exceeding the high end of the guided range [1] - The company is implementing cost reduction strategies ahead of schedule, resulting in operating expenses falling below the midpoint of the guided range [1] - The operating loss for Q4 2025 was less than anticipated, with a significant reduction in cash burn expected in Q1 2026 [1] Fourth Quarter 2025 Highlights - TCAD bookings increased by 70% sequentially to $9.2 million, driven by the acquisition of a second FTCO customer in Asia [5] - SIP revenue saw almost threefold growth to a record $5.1 million, attributed to the first full quarter of Mixel revenue post-acquisition [5] - The company acquired 13 new customers across key markets, with AI infrastructure and Automotive accounting for 23% of bookings in the quarter [5] - A company-wide cost reduction program is expected to reduce annualized gross non-GAAP operating expenses by $20 million, with $14 million already executed by the end of 2025 [5] Full Year 2025 Financial Results - Total revenue for 2025 was $63.1 million, up 6% year-over-year [11] - SIP revenue reached $9.7 million, marking a 98% increase from 2024 [11] - GAAP operating loss for the year was $45.9 million, compared to a $40.3 million operating loss in FY 2024 [11] - Non-GAAP operating loss for the year was $12.4 million, compared to a $4.8 million operating income in FY 2024 [11] Financial Outlook for Q1 2026 - The company expects bookings and revenue in the range of $15 million to $19 million for Q1 2026 [18] - Non-GAAP gross margin is anticipated to be around 85% [18] - Non-GAAP operating expenses are projected to be between $14.5 million and $16.5 million [18]

Core Viewpoint - Core AI Holdings, Inc. has formed a joint venture with Optimus Technology Group to create OptiCore data centers, aimed at supporting AI and machine learning research at leading research universities in the U.S. [2][3] Company Overview - Core AI is a global AI technology and infrastructure company focused on developing AI-driven businesses and scalable solutions across various sectors [9] - Optimus Technology Group is a certified minority-owned IT and advisory firm specializing in secure and innovative technology solutions for clients ranging from small businesses to Fortune 500 companies [7] Joint Venture Details - The joint venture, OptiCore, will develop and operate sovereign AI data centers near R1-designated universities, which are recognized for their high research activity [2][4] - The initiative aims to leverage Optimus' expertise in secure, high-performance data center solutions to accelerate AI research and open new market opportunities for Core AI [3][5] Market Opportunities - The partnership targets 187 R1 universities, which are involved in federally funded projects through agencies like DARPA, providing access to billions in government research funding [3][4] - By establishing data centers on or near these campuses, OptiCore aims to support advancements in predictive modeling, large language models, and industry-specific AI applications [4][5] Strategic Goals - The joint venture is expected to create a scalable platform for long-term business expansion and strategic partnerships in the rapidly growing AI infrastructure market [5] - Core AI's CEO emphasized the potential for the initiative to position the company at the forefront of AI infrastructure innovation [5]

Core Insights - Beamr Imaging Ltd. is set to demonstrate a validated ML-safe video data compression technology for physical AI applications at GTC 2026, showcasing a reduction in file sizes by up to 50% while maintaining machine learning model accuracy [1][3]. Group 1: Technology and Innovation - Beamr's patented Content-Adaptive Bitrate (CABR) technology effectively addresses the challenges of video data compression, achieving up to 50% file size reduction while preserving model accuracy across various metrics [3]. - The company will collaborate with VAST Data to demonstrate GPU-accelerated video RAG/VSS solutions that enhance data ingestion processes while ensuring ML-safe results [4]. Group 2: Market Applications - Physical AI applications, such as autonomous vehicles and robotics, require efficient management of petabyte-scale video data, which is rapidly increasing in volume [2]. - Beamr's technology is particularly beneficial for industries managing large video datasets, including autonomous vehicles, media and entertainment, where video-language models facilitate efficient data curation [4]. Group 3: Company Background - Beamr is recognized as a leader in content-adaptive video compression, with a strong client base that includes major media companies like Netflix and Paramount, and is backed by 53 patents [6]. - The company offers flexible deployment options for its technology, including on-premises and cloud solutions, making it accessible for various customers, including those using AWS and Oracle Cloud Infrastructure [7].

Core Viewpoint - A.I.S. Resources Limited has appointed Afzaal Pirzada as Vice President of Exploration and engaged AI Metals Limited for data integration and analysis at the Saint John Project, aiming to enhance exploration efforts using AI technology [1][2]. Company Developments - The company is preparing for the upcoming exploration season, utilizing AI for drill hole targeting and data processing [2]. - Afzaal Pirzada will lead the exploration program, starting with surface sampling and trenching, and will expand drone MobileMT + IP surveys to define drill targets for a 2,000m maiden RC/DD drill program at Little Lepreau [2]. AI Metals Limited - AI Metals is an AI-powered geoscience analytics firm that specializes in integrating complex geological systems using AI and machine learning [3]. - The firm employs PhD AI experts from Cambridge University to enhance subsurface understanding and reduce exploration risks [3]. Afzaal Pirzada's Background - Afzaal Pirzada has over 30 years of experience in mineral exploration and mining, with expertise in various minerals including gold, lithium, and uranium [4]. - He has managed multiple exploration projects across Canada and internationally, and has a proven track record in discovering and developing mineral projects [4]. Saint John Project Overview - The Saint John Project is a district-scale IOCG/porphyry exploration target, providing exposure to gold, silver, copper, and antimony [5]. - The project spans 101 km² in a Tier-1 mining jurisdiction, located 20 km west of Saint John, New Brunswick, benefiting from excellent infrastructure [6]. Geological Highlights - Surface samples from the Prince of Wales Prospect show gold up to 11.4 g/t, silver up to 1,050 g/t, copper up to 10.55%, and lead up to 18.85% [8]. - The Roadside Quarry Prospect has surface samples showing gold up to 41.6 g/t, silver up to 1,600 g/t, copper up to 7.64%, and antimony greater than 1% [10].

Financial Data and Key Metrics Changes - Revenues for Q4 2025 were $109.4 million, a 4% increase from $105.3 million in Q4 2024. For the full year, revenues were $434 million, a 10% increase from $393 million in 2024 [6] - Interest income on the fair value portfolio increased by 16% year-over-year, contributing significantly to total revenues [6] - Expenses for Q4 2025 were $102.2 million, a 4% increase from $98 million in Q4 2024. For the full year, expenses were $406 million, an 11% increase from $366 million in 2024 [8] - Pre-tax earnings for Q4 2025 were $7.2 million, slightly down from $7.4 million in Q4 2024. Full year pre-tax earnings were $28 million, up from $27.4 million in 2024 [9][10] - Net income for Q4 2025 was $5 million, compared to $5.1 million in Q4 2024. For the full year, net income was $19.3 million, slightly up from $19.2 million in 2024 [10] Business Line Data and Key Metrics Changes - The loan portfolio increased by 15% year-over-year, contributing to higher securitization debt [9] - The fair value portfolio grew to $3.6 billion, yielding 11.4% net of expected losses [6] - The company originated $363 million of new contracts in Q4 2025, with a total of $1.638 billion for the full year, slightly down from $1.682 billion in 2024 [14] Market Data and Key Metrics Changes - The total delinquency rate greater than 30 days for 2025 was 14.77%, a slight improvement from 14.85% in 2024 [21] - Annualized net charge-offs for 2025 were 7.76%, compared to 7.62% in 2024 [21] - The company remains among the best credit performers in the subprime space, as indicated by Intex data [23] Company Strategy and Development Direction - The company aims to focus on growth in 2026, improving margins through better interest rates and enhancing overall portfolio performance by eliminating underperforming loans from 2022 and 2023 [30][31] - A new credit scoring model utilizing AI and machine learning has increased approval rates by 11% [17] - The company is expanding its dealer network and increasing monthly applications from 250,000 to 325,000 [16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the interest rate environment, suggesting rates may decrease, which would positively impact margins [29][30] - The company noted macroeconomic challenges such as inflation and stagnant wage growth but highlighted effective collection techniques that have helped maintain portfolio performance [22] - Overall, management is confident about the company's position and growth potential moving into 2026 [30][31] Other Important Information - The company signed a new warehouse line with Capital One for $150 million and a $900 million Prime Forward Flow commitment, which are expected to support growth in 2026 [3][4] - Shareholders' equity increased by 6% to $309.5 million, marking an all-time high [11] Q&A Session Summary - No specific questions or answers were provided in the content, thus this section is not applicable.

Financial Data and Key Metrics Changes - Revenues for Q4 2025 were $109.4 million, a 4% increase from $105.3 million in Q4 2024. For the full year, revenues were $434 million, a 10% increase from $393 million in 2024 [6] - Interest income on the fair value portfolio increased by 16% year-over-year, with the fair value portfolio now at $3.6 billion yielding 11.4% net of expected losses [6][10] - Expenses for Q4 2025 were $102.2 million, a 4% increase from $98 million in Q4 2024. Full year expenses were $406 million, an 11% increase from $366 million in 2024 [7] - Pre-tax earnings for Q4 were $7.2 million compared to $7.4 million in 2024, while full year pre-tax earnings were $28 million compared to $27.4 million in 2024 [8][9] - Net income for Q4 was $5 million compared to $5.1 million in Q4 2024, and for the full year, net income was $19.3 million compared to $19.2 million in 2024 [9] Business Line Data and Key Metrics Changes - The company originated $363 million of new contracts in Q4 2025, and for the full year, purchased $1.638 billion of new contracts, slightly down from $1.682 billion in 2024 [13] - The portfolio of assets under management grew from $3.4 billion to $3.7 billion for the full year, an increase of 8.24% [14] - The company added about 1,000 active dealers to its funding dealer pool in December alone [15] Market Data and Key Metrics Changes - The total delinquency rate greater than 30 days for 2025 was 14.77%, slightly down from 14.85% in 2024. Annualized net charge-offs for 2025 were 7.76%, up from 7.62% in 2024 [19] - Recoveries for vehicles from the 2024 vintages were at 36.3%, and for the 2025 vintage, recoveries were hitting 43.4% [23] Company Strategy and Development Direction - The company aims to focus on growth in 2026, improving margins through better interest rates and enhancing overall portfolio performance by eliminating underperforming 2022 and 2023 paper [28][29] - The company is rebranding itself as a full spectrum lender, moving beyond its traditional subprime focus [17] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the interest rate environment, suggesting rates may decrease, which would positively impact the bottom line [27] - The company noted that despite macroeconomic challenges, it has maintained strong credit performance and is well-positioned for future growth [20][21] Other Important Information - The company signed a new warehouse line with Capital One for $150 million and a $900 million Prime forward flow commitment, which are expected to be instrumental for growth in 2026 [3][4] - The company implemented a new credit scoring model that increased approvals by 11% [15] Q&A Session Summary - No specific questions and answers were provided in the content, thus this section is not applicable.

Industry Overview - The Zacks Life Insurance industry includes companies providing life insurance, annuities, and retirement products, with the global life insurance market projected to grow to $7.13 trillion by 2026 and $11 trillion by 2032, at a CAGR of 7.5% [3] - Emerging markets are expected to experience faster growth due to low insurance penetration, while developed markets may see slower growth due to market maturity [3] - The industry is witnessing accelerated technology adoption, but rising mortality or loss cost trends may impact profitability [3] Trends Impacting the Industry - The Federal Reserve has lowered interest rates, which may challenge life insurers as they invest premiums to meet guaranteed obligations, leading to muted investment returns [4][2] - Life insurers are increasingly combining insurance with wealth management and healthcare services to cater to customer preferences for "living" benefits [5] - The shift towards digital platforms and online sales is evident, with insurers leveraging AI and machine learning for customized coverages and premium calculations [6][7] Current Performance and Valuation - The Zacks Life Insurance industry currently holds a Zacks Industry Rank of 88, placing it in the top 36% of 255 Zacks industries, indicating strong near-term prospects [8] - Year-to-date, the Life Insurance industry has underperformed the S&P 500 and Finance sector, with a collective gain of 6% compared to 14.1% for the Finance sector and 24.2% for the S&P 500 [10] - The industry is trading at a trailing 12-month price-to-book (P/B) ratio of 1.81X, significantly lower than the S&P 500's 7.96X and the Finance sector's 4.14X [13] Company Highlights - **AIA Group Limited**: Based in Hong Kong, AIA is expected to see earnings growth of 28.3% and 13.8% in 2026 and 2027, respectively [19] - **Manulife Financial Corporation**: Headquartered in Canada, MFC anticipates core EPS growth of 10% to 12% over the medium term, with earnings estimates for 2026 and 2027 indicating increases of 9% and 8.5% [22][23] - **Sun Life Financial**: The third largest insurer in Canada, Sun Life aims for underlying growth of 8-10% and has earnings estimates for 2026 and 2027 showing increases of 7.5% and 11.1% [26][27] - **Reinsurance Group of America**: A leading global provider of life and health reinsurance, RGA is expected to benefit from better pricing and has earnings estimates for 2026 and 2027 indicating increases of 15.8% and 7.7% [28][29]

Core Insights - Quantum Computing Inc. (QCi) has enhanced its quantum technology and photonics capabilities through strategic acquisitions, specifically acquiring NuCrypt for $5 million and Luminar Semiconductor for $110 million, to expand commercialization opportunities and build a vertically integrated platform [2][4]. Acquisition Details - The acquisition of NuCrypt adds a patent portfolio in quantum optics, RF-photonics, and photonic signal processing, strengthening QCi's intellectual property in secure communications and advanced computing applications [3]. - Luminar Semiconductor will operate as a wholly owned subsidiary, maintaining its established commercial relationships in aerospace, defense, and industrial markets, which supports QCi's long-term strategic roadmap [4]. Revenue and Market Position - These acquisitions provide near-term revenue visibility and create a strategic foundation for QCi to expand its technology offerings into established sectors over time [5]. - QUBT's shares have increased by 60.7% over the past year, significantly outperforming the industry, which saw a decline of 1.2% [8]. Valuation Metrics - QUBT currently trades at a forward 12-month Price-to-Sales (P/S) ratio of 60.27X, compared to the industry median of 4.00X, indicating a high valuation relative to peers [10]. - The loss per share estimate for 2025 has increased to 25 cents from 18 cents over the past 30 days, reflecting a negative trend in earnings expectations [12].

Core Insights - BullFrog AI is launching a new scenario-based decision engine aimed at enhancing pharmaceutical portfolio strategy and clinical trial design, with a webinar scheduled for March 27, 2026 [1][6] - The new AI capability adds a strategic decision support layer to existing platforms, allowing for more nuanced evaluations of drug discovery and clinical trial strategies [2][5] Product Features - The new platform enables comparisons of drug programs, indications, and trial designs without relying on arbitrary numerical scores, thus providing a more transparent decision-making process [3][5] - It supports testing portfolio decisions against multiple specific scenarios, enhancing the robustness of evaluations [2][3] Webinar Details - The webinar will be led by Juan Felipe Beltrán Lacouture, PhD, who is the Senior Director of AI, Machine Learning & Innovation at BullFrog AI [4] - Attendees will learn about structured decision environments that can improve cross-functional alignment and governance in portfolio and trial strategy decisions [6] Company Overview - BullFrog AI utilizes artificial intelligence and machine learning to advance drug discovery and development, aiming to reduce failure rates in clinical trials through its proprietary bfLEAP® platform [7] - The company collaborates with leading research institutions to analyze complex biological data, enhancing the drug development process [7]