STOCK TITAN

JIADE LIMITED (JDZG) prices up to $12M Class A share offering

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

Rhea-AI Filing Summary

JIADE LIMITED has entered into a securities purchase agreement for a registered direct offering of up to 50,000,000 Class A ordinary shares at $0.24 per share, for total gross proceeds of up to $12.0 million. The structure includes an Initial Closing of $3.36 million, for which 14,000,000 shares will be issued upon confirmed receipt of funds, and a planned Second Closing of $8.64 million no later than June 30, 2026, subject to customary conditions and completion of a share consolidation and charter amendments. The company plans to use net proceeds for general corporate purposes and working capital, and states they will not be applied to most outstanding debt, share redemptions, or litigation settlements.

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Insights

JIADE lines up up to $12M in new equity via a two-stage registered direct offering.

JIADE LIMITED is raising up to $12.0 million through a registered direct sale of 50,000,000 Class A shares at $0.24 each under its Form F-3 shelf. This is a primary capital raise, with cash going to the company rather than existing holders.

The structure splits funding into a $3.36 million Initial Closing, already triggered with 14,000,000 shares to be issued, and a Second Closing of $8.64 million no later than June 30, 2026. The second tranche depends on completing a share consolidation and amendments to the Amended and Restated Memorandum and Articles of Association, so execution of those corporate actions will determine whether the full amount is raised.

Net proceeds are earmarked for general corporate purposes and working capital, while explicitly excluding most debt repayment, share redemptions, and litigation settlements. That suggests the funding is intended to support ongoing operations and growth rather than balance-sheet repair, based on the wording provided. Actual impact on existing shareholders will depend on the company’s share base and how effectively the new capital supports its education services business in China.

Total offering size $12.0 million Aggregate purchase price for Class A shares
Shares offered 50,000,000 shares Class A ordinary shares in registered direct offering
Offering price $0.24 per share Purchase price for Class A ordinary shares
Initial Closing proceeds $3.36 million Gross proceeds for Initial Closing
Initial Closing shares 14,000,000 shares Class A shares to be issued at Initial Closing
Second Closing size $8.64 million Planned gross proceeds for Second Closing
Students served - National Unified Exam 23,205 students Year ended December 31, 2025
Online course service users 88,055 individuals Year ended December 31, 2025
registered direct offering financial
"the Company has agreed to sell up to an aggregate of up to $12.0 million of its Class A ordinary shares in a registered direct offering"
A registered direct offering is a way for a company to sell new shares of its stock directly to select investors with regulatory approval. This method allows the company to raise funds quickly and efficiently without needing a public auction, similar to offering exclusive access to a limited number of buyers. For investors, it often provides an opportunity to purchase shares at a favorable price, while giving the company immediate access to capital.
shelf registration statement regulatory
"pursuant to an effective shelf registration statement on Form F-3 (File No. 333-292574)"
A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.
share consolidation financial
"no Second Closing may occur unless the Company has effectuated a share consolidation"
Share consolidation is a process where a company reduces the total number of its shares by combining multiple existing shares into a smaller number of higher-value shares. This can make each share more expensive and potentially improve the company’s image. For investors, it often means their ownership remains the same, but the value of each share increases, which can influence how the stock is perceived and traded.
Amended and Restated Memorandum and Articles of Association regulatory
"and has further amended its Amended and Restated Memorandum and Articles of Association"
forward-looking statements regulatory
"This press release contains forward-looking statements."
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
working capital financial
"use the net proceeds from the sale of the securities for general corporate purposes, including working capital"
Working capital is the money a business has available to cover its daily expenses, like paying bills and buying supplies. It’s like the cash in your wallet that helps you handle everyday costs; having enough ensures the business can operate smoothly without running into money shortages.
Offering Type shelf
Price Range $0.24 per share
Use of Proceeds General corporate purposes, including working capital; not for most debt repayment, share redemptions, or litigation settlements.

 

 

 

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 May 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 of Form 20-F or Form 40-F.

 

Form 20-F x            Form 40-F ¨

 

 

 

 

 

 

Entry into Material Definitive Agreement

 

On May 4, 2026, JIADE LIMITED, a company incorporated under the laws of the Cayman Islands (the “Company”), entered into a certain securities purchase agreement (the “Securities Purchase Agreement”) with each of certain purchasers (each, a “Purchaser”, and collectively, the “Purchasers”). Pursuant to the Securities Purchase Agreement, each Purchaser agreed to purchase, and the Company agreed to issue and sell to the Purchasers, an aggregate of 50,000,000 Class A ordinary shares of the Company, par value $0.0025 per share, subject to adjustments for forward and reverse stock splits, recapitalizations, stock dividends and the like after the date of the Securities Purchase Agreement (the “Shares”), at a purchase price of $0.24 per share, for an aggregate purchase price of $12,000,000 (the “Offering”). Pursuant to the Securities Purchase Agreement, the Offering shall have an initial closing of $3.36 million of the Company’s Class A ordinary shares on or about May 5, 2026 (the “Initial Closing”), and the second closing of $8.64 million of the Company’s Class A ordinary shares on a date to be determined by the Company but no later than June 30, 2026 (the “Second Closing”), subject, in each case, to the satisfaction of customary and other closing conditions. In addition to the customary closing conditions, no Second Closing may occur unless the Company has effectuated a share consolidation and has further amended its Amended and Restated Memorandum and Articles of Association.

 

On May 7, 2026, the Initial Closing occurred and the Company will issue 14,000,000 Class A ordinary shares (the “Initial Closing Shares”) upon the confirmed receipt of $3.36 million in gross proceeds from the Purchasers, before deducting offering expenses.

 

The Shares were and will be offered under the Company’s registration statement on Form F-3 (File No. 333-292574), initially filed with the U.S. Securities and Exchange Commission (the “Commission”) on January 5, 2026 and declared effective on January 13, 2026 (the “Registration Statement”). A prospectus supplement to the Registration Statement in connection with the sale of the Initial Closing Shares was filed with the Commission on May 6, 2026. The Securities Purchase Agreement, the transactions contemplated thereby, and the issuance of the Shares have been approved by the Company’s board of directors.

 

 

 

 

The foregoing description of the Securities Purchase Agreement is qualified in its entirety by reference to the full text of the Form of Securities Purchase Agreement, which is filed as Exhibit 10.1 to this Form 6-K and is incorporated herein by reference.

 

This current report on Form 6-K is incorporated by reference into the Company’s registration statements on Form F-3 (File No. 333-292574), 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.

 

Exhibits

 

Exhibit No.   Description
5.1   Opinion of Maples and Calder (Hong Kong) LLP
10.1   Form of Securities Purchase Agreement
23.2   Consent of Maples and Calder (Hong Kong) LLP (included in Exhibit 5.1)
99.1   Press Release on Pricing of the Company’s Registered Direct Offering

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities and 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: May 7, 2026

 

2

 

 

Exhibit 99.1

 

JIADE LIMITED Announces Pricing of up to $12.0 Million Registered Direct Offering

 

Chengdu, China, May 4, 2026 (GLOBE NEWSWIRE) -- JIADE LIMITED (Nasdaq: JDZG) (“JIADE” or the “Company”), a provider of one-stop comprehensive education support services for adult education institutions through its subsidiaries in the People’s Republic of China, today announced that the Company has entered into a definitive securities purchase agreement (the “Agreement”) with each of certain purchasers. Pursuant to the Agreement, the Company has agreed to sell up to an aggregate of up to $12.0 million of its Class A ordinary shares in a registered direct offering.

 

The Class A ordinary shares, par value $0.0025 per share, are being sold at a purchase price of $0.24 per share.

 

The Company intends to use the net proceeds from the sale of the securities for general corporate purposes, including working capital. The proceeds will not be used for the satisfaction of any portion of the Company's outstanding debt (other than payment of trade payables in the ordinary course of business), the redemption of any shares, the settlement of any outstanding litigation, or in violation of FCPA or OFAC regulations.

 

The offering is expected to have an initial closing of $3.36 million of its Class A ordinary shares on or about May 5, 2026, and the second closing of $8.64 million of the Company’s Class A ordinary shares on a date to be determined by the Company but no later than June 30, 2026 (the “Second Closing”), subject, in each case, to the satisfaction of customary and other closing conditions. In addition to the customary closing conditions, no Second Closing may occur unless the Company has effectuated a share consolidation and has further amended its Amended and Restated Memorandum and Articles of Association.

 

The securities described above are being offered and sold by the Company pursuant to an effective shelf registration statement on Form F-3 (File No. 333-292574), which was initially filed with the U.S. Securities and Exchange Commission (the "SEC") on January 5, 2026 and became effective on January 13, 2026. The offering of the shares will be made only by means of a prospectus and prospectus supplements filed with the SEC.

 

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

 

About JIADE LIMITED

 

JIADE LIMITED (Nasdaq: JDZG) 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. The Company served 23,205 students taking the National Unified Examination for College Admissions for Adults, 28,240 students enrolled with the Open University of China, and 16,078 students preparing for the Self-taught Higher Education Examinations, provided safety technology training services for both theoretical instruction and practical training components to 16,298 individuals and online courses services to 88,055 individuals for the year ended December 31, 2025.

 

 

 

 

Forward-Looking Statements

 

This press release contains forward-looking statements. These statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and assumptions regarding future events. Forward-looking statements can be identified by words such as “expects,” “plans,” “intends,” “believes,” “may,” “would,” “should,” “could,” “will,” “approximates,” “assesses,” “hopes,” “anticipates,” “estimates,” “projects,” and similar expressions. Actual results may differ materially due to various factors. The Company undertakes no obligation to update any forward-looking statements, except as 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 filings with the U.S. Securities and Exchange Commission.

 

For more information, please contact:
JIADE LIMITED
Investor Relations Department
Email: kebiao@sckbkj.com

 

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

 

 

 

FAQ

What is JIADE LIMITED (JDZG) raising through its May 2026 offering?

JIADE LIMITED is raising up to $12.0 million by selling 50,000,000 Class A ordinary shares at $0.24 per share in a registered direct offering under its effective Form F-3 shelf registration statement.

How is the JIADE LIMITED (JDZG) registered direct offering structured?

The offering has two closings: an Initial Closing of $3.36 million for 14,000,000 shares, already triggered, and a planned Second Closing of $8.64 million in shares no later than June 30, 2026, subject to specified conditions.

What conditions must be met for JIADE LIMITED’s Second Closing of the offering?

In addition to customary closing conditions, the Second Closing requires JIADE LIMITED to complete a share consolidation and further amend its Amended and Restated Memorandum and Articles of Association before the transaction can proceed.

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

JIADE LIMITED intends to use net proceeds for general corporate purposes, including working capital. The company states funds will not be used to repay most outstanding debt, redeem shares, settle litigation, or violate FCPA or OFAC rules.

Under which registration statement is JIADE LIMITED conducting this offering?

The offering is being conducted under JIADE LIMITED’s effective Form F-3 shelf registration statement, File No. 333-292574, which was initially filed on January 5, 2026 and declared effective on January 13, 2026 by the U.S. Securities and Exchange Commission.

What business does JIADE LIMITED (JDZG) operate in China?

JIADE LIMITED provides one-stop comprehensive education support services for adult education institutions in China, centered on its KB Platform and auxiliary services such as exam training, application support, tutoring, and safety technology training for various adult education programs.

Filing Exhibits & Attachments

3 documents