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JIADE LIMITED Announces 1-for-25 Reverse Stock Split Effective March 23, 2026
Globenewswire· 2026-03-18 20:10
Core Viewpoint - JIADE LIMITED will implement a reverse stock split of its ordinary shares on a 1-for-25 basis to comply with Nasdaq Marketplace Rule 5550(a)(2) regarding minimum bid price requirements [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split will take effect on March 23, 2026, with Class A ordinary shares continuing to trade under the symbol "JDZG" [1]. - The split will consolidate every 25 shares of Class A ordinary shares into 1 share, reducing the total from approximately 34.3 million to about 1.4 million [4]. - Class B ordinary shares will decrease from approximately 1.1 million to about 42,082, and preference shares will reduce from approximately 30 million to about 1.2 million [4]. Group 2: Shareholder Impact - The reverse stock split will affect all shareholders uniformly, and no fractional shares will be issued; any fractions will be rounded up to the next whole number [3]. - Shareholders' percentage interest in the Company's outstanding ordinary shares will remain unchanged, aside from adjustments from rounding [3]. Group 3: Company Overview - JIADE LIMITED provides comprehensive education support services for adult education institutions in China, focusing on software-driven and service-based solutions [5]. - The Company supports over 17 adult education institutions and approximately 134,000 students across China as of June 30, 2025 [5].
JIADE LIMITED Announces Pricing of $3 Million Registered Direct Offering
Globenewswire· 2026-02-18 16:17
Core Viewpoint - JIADE LIMITED has entered into a Securities Purchase Agreement for the sale of 12,000,000 Class A ordinary shares at a price of $0.25 per share, with potential additional closings for up to 48,000,000 shares if investors exercise their option [1][2]. Group 1: Offering Details - The gross proceeds from the Offering are expected to be approximately $3 million, with the transaction anticipated to close on or about February 19, 2026 [2]. - The shares are being sold under a shelf registration statement that was declared effective by the SEC on January 13, 2026 [2]. - Univest Securities, LLC is acting as the sole placement agent for the Offering [3]. Group 2: Company Overview - JIADE LIMITED provides comprehensive education support services for adult education institutions in China, focusing on software-driven and service-based solutions [5]. - The company operates the Kebiao Technology Educational Administration Platform, which facilitates various educational management processes [5]. - To date, JIADE has supported over 17 adult education institutions and approximately 80,000 students across China [5].