STOCK TITAN

Jiade Limited (NASDAQ: JDZG) raises $3M in registered direct share sale

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

JIADE LIMITED has arranged a registered direct offering of 12,000,000 Class A ordinary shares (or pre-funded warrants in lieu) at $0.25 per share, raising about $3 million in gross proceeds. The deal is under an effective Form F-3 shelf registration.

Investors also received an option to buy up to an additional 48,000,000 Class A shares (or RD warrants in lieu) on or before 30 days after the initial closing. Pre-funded warrants for 8,510,000 shares were issued to investors that would otherwise exceed specified ownership limits and were fully exercised on February 18, 2026.

The company plans to use the net proceeds for working capital and general corporate purposes. Directors, executive officers, and 5%+ shareholders agreed to a 90-day lock-up, and the company accepted short-term restrictions on variable-rate financings, new share issuances, and stock splits following closing.

Positive

  • None.

Negative

  • None.

Insights

Jiade raises $3M via a small, structured direct equity sale.

JIADE LIMITED completed a registered direct offering of 12,000,000 Class A shares or pre-funded warrants at $0.25 per share, for gross proceeds of about $3 million. The transaction uses an already effective Form F-3 shelf and a placement agent on a best-efforts basis.

The structure includes 8,510,000 pre-funded warrants for investors constrained by a 4.99% or 9.99% beneficial ownership cap, and an investor option to purchase up to 48,000,000 additional shares or RD warrants within 30 days of the February 19, 2026 closing. Actual dilution will depend on how much of this option investors exercise.

Short-term protections include a 90-day lock-up by insiders, a 45-day ban on variable-rate transactions, and 30-day limits on new issuances and stock splits without majority investor consent. Subsequent company filings for periods after the February 19, 2026 closing will show how much of the additional allocation, if any, is taken up.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of February 2026

 

Commission File Number: 001-42098

 

JIADE LIMITED

 

18/F, Block D, Huirong Plaza, No. 88, Section 3, Jinhua Road

Jinjiang District, Chengdu City, Sichuan Province

The People’s Republic of China

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F x            Form 40-F ¨

 

 

 

 

 

 

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

 

On February 18, 2026, JIADE LIMITED (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with certain investors named therein (collectively, the “Purchasers”), pursuant to which, the Company agreed to issue and sell, in a registered direct offering (the “Registered Direct Offering”): (i) 3,490,000Class A ordinary shares (the “Class A Ordinary Shares”) of the Company, par value $0.0001 per share (the “Shares”); (ii) pre-funded warrants to purchase up to 8,510,000 Class A Ordinary Shares (the “Pre-Funded Warrants”); and (iii) up to an aggregate of 48,000,000 Class A Ordinary Shares (and/or RD Warrants in lieu thereof) issuable upon the exercise by the Purchasers of their option to purchase such additional Class A Ordinary Shares (and/or RD Warrants in lieu thereof) on or before the 30th calendar day anniversary of the initial closing date on February 19, 2026 (the “Closing Date”) at a purchase price of $0.25 per share (the “Additional Allocation”). The purchase price for each Class A Ordinary Share was $0.25 and the purchase price for each Pre-Funded Warrant was $0.25.

 

The Pre-Funded Warrants were sold to any purchaser, whose purchase of the Shares in the Registered Direct Offering would otherwise have resulted in such purchaser, together with its affiliates and certain related parties, beneficially owning more than 4.99% (or, upon election by such purchaser prior to the issuance of any Pre-Funded Warrants, 9.99%) of the outstanding share capital of the Company following the consummation of the Registered Direct Offering. Each Pre-Funded Warrant represents the right to purchase one Class A Ordinary Share at an exercise price of $0.25 per share. The Pre-Funded Warrants were exercisable immediately at any time until exercised in full (subject to the beneficial ownership limitation described above), and were exercised in full by the Purchasers thereof on February 18, 2026.

 

Upon the closing of the Registered Direct Offering on the Closing Date, the Company received $3 million in gross proceeds, before deducting placement agent fees and offering expenses. The Company intends to use the net proceeds from the Registered Direct Offering for working capital and general corporate purposes.

 

The Purchase Agreement contains customary representations, warranties, and agreements by the Company, customary conditions to closing, indemnification obligations of the Company, other obligations of the parties, and termination provisions. Additionally, each of the directors, executive officers, and 5% and greater shareholders of the Company entered into a lock-up agreement, pursuant to which they agreed not to sell or transfer any of the Company securities which they hold, subject to certain customary exceptions, during the ninety (90) day period following the closing of the Registered Direct Offering. In addition, the Company agreed (i) to be prohibited from effecting or entering into an agreement to effect any issuance by the Company or any of its subsidiaries of Class A Ordinary Shares or Ordinary Share Equivalents (as defined in the Purchase Agreement) involving a Variable Rate Transaction (as defined in the Purchase Agreement) during the forty-five (45) day period after the closing of the Registered Direct Offering; (ii) not to issue, enter into any agreement to issue or announce the issuance or proposed issuance of any Class A Ordinary Shares or file any registration statement or amendment or supplement thereto, except as set forth in the Prospectus Supplement (defined below) or a registration statement on Form S-8 during the thirty (30) day period following the closing of the Registered Direct Offering; and (iii) not to consummate a reverse or forward stock split or reclassification of the Class A Ordinary Shares until the thirty (30th) day anniversary of the Closing Date without the prior written consent of the Purchasers holding a majority in interest of the Shares and Pre-Funded Warrants.

 

The Shares, the Pre-Funded Warrants, and the Class A Ordinary Shares underlying the Pre-funded Warrants were offered by the Company pursuant to a registration statement on Form F-3 (File No. 333-292574) (the “Registration Statement”), previously filed and declared effective by the U.S Securities and Exchange Commission (the “Commission”) on January 13, 2026, the base prospectus filed as part of the Registration Statement, and the prospectus supplement dated February 18, 2026 (the “Prospectus Supplement”).

 

On February 18, 2026, the Company entered into a placement agency agreement (the “Placement Agency Agreement”) with Univest Securities, LLC (“Univest” or the “Placement Agent”), pursuant to which the Company engaged Univest as the exclusive placement agent in connection with the Registered Direct Offering. The Placement Agent agreed to use its reasonable best efforts to arrange for the sale of the Shares and the Pre-Funded Warrants. In addition, under the Placement Agency Agreement, the Company agreed to pay the Placement Agent a placement agent fee in cash equal to seven percent (7.0%) of the aggregate gross proceeds raised from the sale. The Company also agreed to reimburse the Placement Agent for its out-of-pocket expenses in connection with the Registered Direct Offering in an amount not to exceed $80,000.

 

 

 

 

The foregoing summaries of the Pre-Funded Warrants, the Placement Agency Agreement, and the Purchase Agreement do not purport to be complete and are subject to, and qualified in their entirety by, such documents filed as Exhibits 4.1, 10.1, and 10.2, respectively, hereto and incorporated by reference herein. A copy of the press release related to the Registered Direct Offering entitled “JIADE LIMITED Announces Pricing of $3 Million Registered Direct Offering” is furnished as Exhibit 99.1 hereto and is incorporated by reference herein.

 

Copies of the opinions of Maples and Calder (Hong Kong) LLP and Hunter Taubman Fischer & Li LLC relating to the legality of the issuance and sale of the Shares and the Pre-Funded Warrants are filed as Exhibits 5.1 and 5.2 hereto, respectively.

 

This Report is incorporated by reference into the registration statement on Form F-3 (File No. 333-292574) of the Company, filed with the Commission, to be a part thereof from the date on which this report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.

 

This Report shall not constitute an offer to sell any securities or a solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

 

Forward-Looking Statements:

 

This report contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. All statements other than statements of historical facts included in this report are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the Company’s current beliefs, expectations, and assumptions regarding the future of its business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control. The Company’s actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include the risks and uncertainties described in the Company’s annual report on Form 20-F for the year ended December 31, 2024, filed with the Commission on April 25, 2025, and the Company’s other filings with the Commission. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

 

 

 

 

Exhibit Index

 

Exhibit No. Description
4.1 Form of Pre-Funded Warrant
5.1 Opinion of Maples and Calder (Hong Kong) LLP
5.2 Opinion of Hunter Taubman Fischer & Li LLC
10.1 Placement Agency Agreement, dated February 18, 2026, by and between the Company and Univest Securities LLC
10.2 Form of Securities Purchase Agreement, dated February 18, 2026, by and between the Company and the purchaser thereto
23.1 Consent of Maples and Calder (Hong Kong) LLP (included in Exhibit 5.1)
23.2 Consent of Hunter Taubman Fischer & Li LLC (included in Exhibit 5.2)
99.1 Press Release on Pricing of the Company’s Registered Direct Offering

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  JIADE LIMITED
   
  By: /s/ Yuan Li
  Name:  Yuan Li
  Title: Co-Chief Executive Officer

 

Date: February 20, 2026

 

 

 

 

Exhibit 99.1

 

JIADE LIMITED Announces Pricing of $3 Million Registered Direct Offering

 

Chengdu, China, February 18, 2026, /PRNewswire/-- JIADE LIMITED (NASDAQ: JDZG) (the “Company”), today announced that it has entered into an agreement (the “Securities Purchase Agreement”) with several investors for the purchase and sale of 12,000,000 of the Company’s Class A ordinary shares, par value $0.0001 per share (the “Shares”) (or pre-funded warrants in lieu thereof) at a purchase price of $0.25 per Share in a registered direct offering (the “Offering”). The purchase price for the pre-funded warrants is identical to the purchase price for Shares, less the exercise price of $0.0001 per share. Pursuant to the Securities Purchase Agreement, entered into between the Company and certain investors with respect to the Offering, the Company and the investors have agreed to additional closings of up to 48,000,000 Shares on or before the 30th calendar day anniversary of the Initial Closing Date (as defined below), if the investors exercise their option to purchase additional Shares (or pre-funded warrants in lieu thereof) by delivery of one or more written notices.

 

The gross proceeds to the Company of the Offering are expected to be approximately $3 million. The transaction is expected to close on or about February 19, 2026 (the “Initial Closing Date”), subject to the satisfaction of customary closing conditions. The Shares (or pre-funded warrants in lieu thereof) were sold pursuant to a shelf registration statement (the “Registration Statement”) on Form F-3 (File No. 333- 292574) previously filed by the Company and declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on January 13, 2026. The Company may hold one or more closings until the maximum numbers Shares (or pre-funded warrants in lieu thereof) are sold or the offering is terminated.

 

Univest Securities, LLC is acting as the sole placement agent.

 

A final prospectus supplement and accompanying prospectus describing the terms of the proposed Offering will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, by contacting Univest Securities, LLC at info@univest.us, or by calling +1 (212) 343-8888.

 

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Copies of the prospectus supplement relating to the registered direct Offering, together with the accompanying base prospectus will be filed by the Company and, upon filing, can be obtained at the SEC’s website at www.sec.gov.

 

About JIADE LIMITED

 

JIADE LIMITED provides one-stop comprehensive education support services for adult education institutions in China. Through its subsidiaries, the Company offers software-driven and service-based solutions centered around the Kebiao Technology Educational Administration Platform (“KB Platform”), which streamlines enrollment, student management, learning progress tracking, grade inquiry, and graduation management. JIADE also provides auxiliary services such as pre-enrollment guidance, exam training, application support, tutoring, and exam administration. To date, the Company has supported more than 17 adult education institutions and approximately 80,000 students across China.

 

 

 

 

Forward-Looking Statements

 

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and in its other filings with the SEC.

 

For more information, please contact:

 

JIADE LIMITED Investor Relations Department Email:kebiao@sckbkj.com

 

Investor Relations
WFS Investor Relations Inc.
Email: services@wealthfsllc.com
Phone: +1 628 283 9214

 

 

 

FAQ

What did JIADE LIMITED (JDZG) announce in its latest offering?

JIADE LIMITED announced a registered direct offering of 12,000,000 Class A ordinary shares, or pre-funded warrants in lieu, at $0.25 per share, generating about $3 million in gross proceeds. The securities were issued under an effective Form F-3 shelf registration statement.

How much capital is JIADE LIMITED (JDZG) raising and at what price?

The company is raising approximately $3 million by selling 12,000,000 Class A ordinary shares, or pre-funded warrants in lieu, at a purchase price of $0.25 per share. Univest Securities, LLC is acting as the sole placement agent for this registered direct offering.

Does the JIADE LIMITED (JDZG) deal include an option for additional shares?

Yes. Investors received an option to buy up to an additional 48,000,000 Class A ordinary shares, or RD warrants in lieu, on or before 30 days after the initial closing date. This option can increase total shares sold if investors choose to exercise it.

What are the pre-funded warrants issued by JIADE LIMITED (JDZG)?

Pre-funded warrants were issued to investors whose direct share purchases would exceed 4.99% or 9.99% ownership thresholds. Each pre-funded warrant is exercisable into one Class A ordinary share and, according to the report, all such pre-funded warrants were fully exercised on February 18, 2026.

How will JIADE LIMITED (JDZG) use the proceeds from the offering?

The company plans to use the net proceeds from the approximately $3 million registered direct offering for working capital and general corporate purposes. This typically includes funding day-to-day operations, supporting growth initiatives, and maintaining financial flexibility for the business.

What lock-up and issuance restrictions apply after JIADE LIMITED’s (JDZG) offering?

Directors, executive officers, and 5%+ shareholders agreed not to sell their securities for 90 days after closing. The company also agreed to short-term limits on variable-rate financings, new share issuances, registration filings, and stock splits for periods of 30 to 45 days after closing.

Under which SEC registration has JIADE LIMITED (JDZG) issued these securities?

The shares and pre-funded warrants were issued under a shelf registration statement on Form F-3, File No. 333-292574, which was declared effective by the SEC on January 13, 2026. A February 18, 2026 prospectus supplement describes the specific terms of this registered direct offering.

Filing Exhibits & Attachments

6 documents
Jiade Limited

NASDAQ:JDZG

JDZG Rankings

JDZG Latest News

JDZG Latest SEC Filings

JDZG Stock Data

5.09M
1.09M
Information Technology Services
Technology
Link
China
Chengdu