ATA Creativity Global completes $8.85 million registered direct offering

ATA Creativity Global (NASDAQ: AACG) announced the completion of its registered direct offering, selling 11,067,547 American Depositary Shares at $0.80 per ADS to three investors.

The Beijing-based educational services company received gross proceeds of approximately $8.85 million from the transaction before deducting offering expenses. Each ADS represents two common shares with a par value of $0.01 per share, making the equivalent price $0.40 per common share.

The company stated it will use net proceeds from the offering for general working capital needs. The subscription agreement for the transaction was originally dated November 17, 2025.

ATA Creativity Global also disclosed that it terminated discussions with Baby BTC Strategic Capital Limited regarding a potential investment. The company had entered into a non-binding term sheet with Baby Capital in August 2025 for a share subscription, but both parties have since ended those negotiations.

The company provides educational services focused on creativity development, offering portfolio training, research-based learning services, overseas study counseling, and other educational programs through its training center network.

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