Jiade raises $1.2M in latest Nasdaq share sale at $0.18 apiece
What's the deal? JiadeDealroom has a profile for this one. Try Dealroom → (Nasdaq: JDZG), a Chengdu-based provider of education support services for Chinese adult education institutions, has priced a $1.2 million registered direct offering. It is selling 6,666,666 Class A ordinary shares, or pre-funded warrants, at $0.18 each, with Univest SecuritiesDealroom has a profile for this one. Try Dealroom → as sole placement agent.
The details: Gross proceeds are estimated at roughly $1.2 million before fees and expenses. The offering is expected to close on November 10, 2026, under a shelf registration that took effect in January.
What does Jiade do? Through its subsidiaries, it runs the Kebiao Technology Educational Administration Platform, which handles enrollment, student management, and graduation. As of June 30, 2026, it had served over 17 institutions and roughly 115,114 students.
Why now? Jiade has returned to equity markets repeatedly this year. It raised $3 million in February and announced an offering of up to $12 million in May, of which $8.64 million closed in June.
What could go wrong? This sale is priced below the May deal's $0.24 per share, pointing to further dilution for shareholders. The financing also follows a June trading halt, when Nasdaq sought information on Jiade's trading activity, recent offerings, and share consolidations; trading resumed in July.
The signal: A $1.2 million raise is small, but it extends a pattern of serial fundraising at falling prices. For a company fresh off a Nasdaq halt, the terms and use of proceeds matter more than the headline figure.
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