Corporate ActionMay 7, 2026, 04:25 PM
JIADE Ltd Announces $12M Registered Direct Offering
AI Summary
JIADE Ltd announced a registered direct offering of up to $12.0 million of its Class A ordinary shares. The company entered into a securities purchase agreement to sell 50,000,000 shares at $0.24 per share. An initial closing of $3.36 million for 14,000,000 shares occurred on May 7, 2026, with a second closing of $8.64 million expected by June 30, 2026, subject to certain conditions including a share consolidation. The net proceeds will be used for general corporate purposes, including working capital.
Key Highlights
- JIADE Ltd announced a registered direct offering of up to $12.0 million.
- The company will sell an aggregate of 50,000,000 Class A ordinary shares.
- Shares are being sold at a purchase price of $0.24 per share.
- Initial closing of $3.36 million for 14,000,000 shares occurred on May 7, 2026.
- Second closing of $8.64 million expected by June 30, 2026.
- Second closing is conditional on share consolidation and amendment to Articles of Association.
- Proceeds will be used for general corporate purposes, including working capital.
Price Impact
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