JIADE LIMITED closes additional $8.64 million registered direct offering

JIADE LIMITED (NASDAQ: JDZG) completed an additional closing of $8.64 million in its registered direct offering on June 1, 2026, the company announced. The China-based education services provider issued 3.6 million Class A ordinary shares at $2.40 per share, following an initial closing of $3.36 million on May 7, 2026.

The additional closing represents the second phase of a securities purchase agreement dated May 4, 2026, under which JIADE agreed to sell up to $12.0 million of Class A ordinary shares. The share price reflects the company's 10-for-1 share consolidation that took effect on June 1, 2026.

JIADE plans to use the net proceeds for general corporate purposes, including working capital, according to the company's statement. The securities were offered under an effective shelf registration statement on Form F-3 filed with the Securities and Exchange Commission on January 5, 2026, which became effective on January 13, 2026.

The company provides education support services for adult education institutions in China through its subsidiaries. JIADE operates the Kebiao Technology Educational Administration Platform, which handles enrollment, student management, learning progress tracking and graduation management. The platform also offers auxiliary services including pre-enrollment guidance, exam training and tutoring.

For the year ended December 31, 2025, JIADE served 23,205 students taking the National Unified Examination for College Admissions for Adults, 28,240 students enrolled with the Open University of China, and 16,078 students preparing for Self-taught Higher Education Examinations. The company also provided safety technology training to 16,298 individuals and online courses to 88,055 individuals.

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