New York, NY, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Ruanyun Edai Technology Inc. (Nasdaq: RYET, the “Company”) today announced that its Board of Directors has approved a rebranding initiative to rename the Company to Formind Group Inc. (the “Rebranding”). The Company intends to seek shareholder approval for the proposed name change at an upcoming general meeting (the “General Meeting”). Subject to shareholder approval and customary corporate, Nasdaq and administrative processes, the Company intends to change it ...

New York, NY, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Ruanyun Edai Technology Inc. (Nasdaq: RYET, the “Company”) today announced that its Board of Directors has approved a rebranding initiative to rename the Company to Formind Group Inc. (the “Rebranding”). The Company intends to seek shareholder approval for the proposed name change at an upcoming general meeting (the “General Meeting”). Subject to shareholder approval and customary corporate, Nasdaq and administrative processes, the Company intends to change it ...

Core Viewpoint - Ruanyun Edai Technology Inc. has entered into a $100 million equity purchase facility with ARC Group International Ltd. to enhance its financial flexibility and support its growth in the education technology sector [1][4]. Group 1: Equity Purchase Facility - The agreement allows Ruanyun to sell ordinary shares to ARC over a 36-month period, providing the company with optional liquidity without the obligation to issue shares [2][4]. - The company retains full discretion over the timing and amount of any share issuances, which will be based on market conditions and capital requirements [2][4]. Group 2: Company Focus and Strategy - Ruanyun specializes in AI-driven educational technologies that enhance teaching, learning, assessment, and academic administration [3]. - The company aims to modernize education by providing intelligent learning tools and adaptive learning systems, integrating AI and cloud-based platforms [8]. Group 3: Management Commentary - The CEO of Ruanyun emphasized the importance of financial flexibility in executing the company's strategy responsibly as a public entity [5]. - The Director of Asset Management at ARC highlighted the alignment of Ruanyun's focus on educational AI with ARC's strategy of supporting innovative public companies [6][7].