JIADE LIMITED (NASDAQ: JDZG) announced it has entered into a securities purchase agreement to sell up to $12.0 million of Class A ordinary shares in a registered direct offering. The China-based education services provider will sell shares at $0.24 per share with a par value of $0.0025 per share.

The offering will occur in two closings. The initial closing of $3.36 million in shares is expected on or around May 5, 2026, with a second closing of $8.64 million scheduled by June 30, 2026. The second closing requires the company to complete a share consolidation and amend its corporate documents, in addition to meeting customary closing conditions.

JIADE plans to use net proceeds for general corporate purposes, including working capital. The company stated the funds will not be used for debt satisfaction, share redemptions, litigation settlements, or activities violating FCPA or OFAC regulations.

The securities are being 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 January 13, 2026.

JIADE provides education support services for adult education institutions in China through its subsidiaries. The company operates the Kebiao Technology Educational Administration Platform and offers services including enrollment management, student tracking, and exam preparation. For the year ended December 31, 2025, JIADE served 23,205 students in college admission exams, 28,240 students with the Open University of China, and provided training services to over 100,000 individuals across various programs.