ATA Creativity Global Announces Closing of Registered Direct Offering of its ADSs
ATA Creativity Global (NASDAQ:AACG) closed a registered direct offering on January 28, 2026, issuing 11,067,547 ADSs at $0.80 per ADS (each ADS = two common shares).
Rhea-AI Summary
ATA Creativity Global (NASDAQ:AACG) closed a registered direct offering on January 28, 2026, issuing 11,067,547 ADSs at $0.80 per ADS (each ADS = two common shares).
The Company received gross proceeds of approximately $8.85 million, and intends to use net proceeds for general working capital. Prior discussions with Baby BTC Strategic Capital were terminated.
Positive
- Gross proceeds of approximately $8.85 million raised from the offering
- Net proceeds designated for general working capital, supporting near-term operations
Negative
- Issued 11,067,547 ADSs (equivalent to 22,135,094 common shares) causing shareholder dilution
- ADSs sold at $0.80 per ADS, which may reflect discounted financing terms
- Termination of discussions with Baby BTC Strategic Capital removes a potential strategic investor
Details
News Market Reaction – AACG
In the Jan 29 session, AACG declined 0.87%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
- ADSs offered
- 11,067,547 ADSs
- Registered direct offering size
- Price per ADS
- US$0.80 per ADS
- Purchase price in offering
- Price per share
- US$0.40 per Common Share
- Implied price per underlying share
- Par value
- US$0.01 per share
- Par value of Common Shares
- Gross proceeds
- US$8.85 million
- Gross proceeds from offering before expenses
Previous Offering Reports
-
Announced registered direct ADS offering with targeted gross proceeds for working capital.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
registered direct offering financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
BEIJING, CN / ACCESS Newswire / January 28, 2026 / ATA Creativity Global ("ACG" or the "Company")(Nasdaq:AACG), an international educational services company focused on providing quality learning experiences that cultivate and enhance students' creativity, today announced the closing of its previously announced registered direct offering for the sale and purchase of 11,067,547 American Depositary Shares ("ADSs"), each representing two common shares of the Company, with a par value of US
The Company received gross proceeds of approximately US
Separately, the Company announced in August 2025 that it entered into a non-binding term sheet (the "Term Sheet") with Baby BTC Strategic Capital Limited ("Baby Capital"), pursuant to which Baby Capital intended to subscribe for new shares of the Company. The Company and Baby Capital have since terminated the discussions regarding the potential transaction contemplated under the Term Sheet.
About ATA Creativity Global
ATA Creativity Global is an international educational services company focused on providing quality learning experiences that cultivate and enhance students' creativity. ATA Creativity Global offers a wide range of education services consisting primarily of portfolio training, research-based learning services, overseas study counselling and other educational services through its training center network. For more information, please visit ACG's website at www.atai.net.cn.
Cautionary Note Regarding Forward-looking Statements
This report contains statements that may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terms such as "will," "should," "could," "expect," "anticipate," "aim," "future," "intend," "plan," "believe," "estimate," "forecast," "outlook," "likely to" and similar statements. ACG may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about ACG's beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, further information regarding which is included in the Company's filings with the SEC. These forward-looking statements are subject to a number of risks and uncertainties, which could cause the actual results to differ materially from those indicated in these forward-looking statements. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this report. All information provided in this report is as of the date of this report, and ACG undertakes no duty to update such information to reflect events or circumstances that arise after the date hereof, except as required under applicable law.
For more information on our company, please contact the following individuals:
At the Company | Investor Relations |
ATA Creativity Global | The Equity Group Inc. |
Ruobai Sima, Chief Financial Officer | Lena Cati, Senior Vice President |
+86 10 6518 1133 x5518 | 212-836-9611 |
Alice Zhang, Associate | |
212-836-9610 | |
SOURCE: ATA Creativity Global
View the original press release on ACCESS Newswire
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