Here are the 424B prospectus supplements from ATA Creativity Global (AACG) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow AACG and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AACG filings page.
ATA Creativity Global is conducting a primary offering of 11,067,547 American Depositary Shares (ADSs), each representing two common shares, directly to three investors at US$0.8 per ADS. The sale is expected to generate gross proceeds of US$8,854,039 and approximately US$8.6 million in net proceeds after about US$0.2 million of estimated expenses. Common shares outstanding will increase from 63,544,922 to 85,680,016 following the offering. The company plans to use the cash for general working capital purposes. At an offering price below the recent Nasdaq trading price, new buyers will face immediate dilution, while existing holders see book value per ADS improve but ownership diluted.