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AIFU SCHEDULE 13D/A: SEC filing

Magnus Management Limited, 100% owned by Zack Zhang

Filed with the SEC on · accession 0001213900-26-118476

AIFU filed a SCHEDULE 13D/A (schedule 13d/a) with the SEC on Nov 12, 2026. Magnus Management Limited, 100% owned by Zack Zhang, reported beneficial ownership of 34,333,332 Class A ordinary shares (approximately 47.44% of total shares but only 3.16% of voting power) following the issuer's issuance of 11,203,443 Class A shares as acquisition consideration, which diluted the… The stock moved +8.9% by the first close after the filing.

Summary of the filing

Magnus Management Limited, 100% owned by Zack Zhang, reported beneficial ownership of 34,333,332 Class A ordinary shares (approximately 47.44% of total shares but only 3.16% of voting power) following the issuer's issuance of 11,203,443 Class A shares as acquisition consideration, which diluted the reporting person's percentage ownership. The shares were acquired via a September 24, 2026 securities purchase agreement at $3.00 per share for a total of $102,999,996, plus warrants for up to 68,666,664 additional shares.

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Key details

Total purchase price for 34,333,332 Class A ordinary shares at $3.00 per share$103.0M
Number of Class A ordinary shares beneficially owned by Magnus Management Limitedshares 34.3M
Number of Class A ordinary shares issued by the issuer as acquisition considerationshares 11.2M
Number of additional Class A ordinary shares underlying warrantsshares 68.7M
Reporting person / shareholderMagnus Management Limited
IssuerAIFU Inc.
Reporting person / owner of magnus management limitedZack Zhang

How AIFU stock reacted

Close before

$8.41

Nov 11, 2026

First close after

+8.92%

$9.16

5 trading days

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Since filing

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Frequently asked questions

What did AIFU file with the SEC on Nov 12, 2026?

AIFU filed a SCHEDULE 13D/A (SEC filing). Magnus Management Limited, 100% owned by Zack Zhang, reported beneficial ownership of 34,333,332 Class A ordinary shares (approximately 47.44% of total shares but only 3.16% of voting power) following the issuer's issuance of 11,203,443 Class A shares as acquisition consideration, which diluted the reporting person's percentage ownership. The shares were acquired via a September 24, 2026 securities purchase agreement at $3.00 per share for a total of $102,999,996, plus warrants for up to 68,666,664 additional shares.

How do I read a SCHEDULE 13D/A?

A report the company filed with the SEC (the US market regulator). Start with the summary, then the key amounts and names. Compare it with the company’s earlier filings.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A SCHEDULE 13D/A (schedule 13d/a): A report the company filed with the SEC (the US market regulator).

How did AIFU stock react to this filing?

AIFU closed at $8.41 before the filing and $9.16 on Nov 12, 2026 (+8.92%).

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