MAAS Announces A Private Placement of Class A Ordinary Shares and Warrants

Core Points - Maase Inc. has executed a definitive share purchase agreement to issue 10,000,000 Class A ordinary shares at a price of $2.08 per share, generating approximately $21 million in gross proceeds [1][3] - The transaction includes warrants for an additional 20,000,000 Class A ordinary shares, with exercise prices structured in two tranches: 50% at 200% of the purchase price and 50% at 250% [2] - Upon closing, the largest investor will hold about 19.29% of the total outstanding shares, translating to 0.73% of the voting power due to the dual-class share structure [2] Financial Details - The total number of ordinary shares outstanding after the transaction will be 25,917,241, comprising 19,250,573 Class A and 6,666,668 Class B shares [2] - The net proceeds from the share issuance will be used for business plans, general working capital, and other corporate purposes [3] Company Background - Maase Inc., founded in 2010, aims to be a leading provider of technology-driven family and enterprise services, focusing on enhancing quality of life through technological intelligence and capital investments [6] - The company holds controlling interests in two financial service providers in China: AIFU Inc. and Puyi Fund Distribution Co., Ltd. [7]