Univest Securities Closes $3M Direct Offering for Chinese EdTech Firm JIADE

GlobeNewswire Inc.GlobeNewswire Inc.
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Key Takeaway

Univest Securities completed a $3M direct offering for Chinese EdTech firm JIADE, placing 12 million shares at $0.25 each to fund operations and growth.

Univest Securities Closes $3M Direct Offering for Chinese EdTech Firm JIADE

Univest Securities, LLC has completed a $3.0 million registered direct offering on behalf of JIADE LIMITED (NASDAQ: JDZG), placing 12 million Class A ordinary shares at $0.25 per share. The transaction represents a capital raise for the education services provider, which operates in China's adult education sector.

JIADE LIMITED delivers software-driven solutions and auxiliary services to adult education institutions across China. The company's platform supports educational institutions through technology integration and supplementary service offerings tailored to the adult learning market.

Registered direct offerings allow companies to sell securities directly to investors without proceeding through a public underwriting process, providing an alternative capital formation method for qualified issuers. The completion of this offering provides JIADE with funds to support its operational and growth initiatives in the Chinese education services market.

Source: GlobeNewswire Inc.

Back to newsPublished Feb 19

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