Ruanyun Edai (NASDAQ: RYET) funds MENA and Asia education growth push
Rhea-AI Filing Summary
Ruanyun Edai Technology Inc. closed a $1.73 million private financing, selling 1,730,000 ordinary shares at $1.00 per share plus 5% additional pre-funded warrants, to support its global expansion and planned transition to the Formind Group identity.
The company is establishing Saudi Arabia as a key regional headquarters for the Middle East and North Africa, expects full-year 2026 revenue to be about 10% higher than 2025’s $6.69 million, and is targeting roughly 60% of total revenue from global markets by the end of 2027. It also signed an MOU with City University Malaysia to explore cross-border education and talent initiatives.
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Insights
RYET raises modest capital and sharpens its global expansion plan.
Ruanyun Edai Technology completed a $1.73 million private placement at $1.00 per share, plus 5% pre-funded warrants, paying a 3% cash fee and issuing placement agent warrants equal to 4% of gross proceeds. This adds capital without a large financing scale relative to its $6.69 million 2025 revenue base.
Strategically, management is emphasizing international growth. The company established a Saudi regional headquarters to target MENA education and AI opportunities and signed an MOU with City University Malaysia to explore joint programs and training initiatives. Both moves are early-stage but consistent with its stated intent to build a more globally diversified platform.
Management currently expects unaudited 2026 revenue to be about 10% above 2025 and is targeting roughly 60% of revenue from global markets by the end of 2027. These are directional goals rather than firm commitments, and actual outcomes will depend on execution, regulatory approvals, partner engagement and the successful rollout of services across Saudi Arabia, the GCC and Southeast Asia.
Key Figures
Key Terms
Pre-Funded Warrants financial
Placement Agent Warrants financial
Regional Headquarters financial
Memorandum of Understanding financial
Regulation D regulatory
Formind Group identity financial
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 April, 2026
Commission File Number 001-42576
Ruanyun Edai Technology Inc.
(Translation of registrant’s name into English)
|
No. 698 Jing Dong Avenue, ZheJiang University HighTech Campus Nanchang, Jiangxi, China 330096 (Address of principal executive office) |
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 ☒ Form 40-F ☐
INFORMATION CONTAINED IN THIS FORM 6-K REPORT
Entry into a Material Definitive Agreement.
On or about April 7, 2026, Ruanyun Edai Technology Inc. (the “Company”) entered into securities purchase agreements (the “Securities Purchase Agreements”) with several investors named therein (the “Purchasers”), pursuant to which the Company agreed to issue and sell (the “Offering”) a total of (i) 1,730,000 Ordinary Shares of par value $0.0002 per share (the “Ordinary Shares”) at the price of $1.00 per Ordinary Share and (ii) pre-funded warrants to purchase Ordinary Shares up to 5% of the Offering at an exercise price of $0.0002 per share (the “Pre-Funded Warrants”) for gross proceeds of $1,730,000. The Pre-Funded Warrants are immediately exercisable. The Pre-Funded Warrants may be exercised on a cashless basis. The Securities Purchase Agreements contain customary representations and warranties and agreements of the Company and the Purchasers and customary indemnification rights and obligations of the parties. The Offering was closed on April 7, 2026.
Pursuant to the Securities Purchase Agreements, the Company shall use commercially reasonable efforts to file a registration statement on an appropriate form under the Securities Act covering the Ordinary Shares within 120 days following the closing date of the Offering and the registration statement to be declared effective 180 days following the closing date of the Offering.
AC Sunshine Securities LLC acted as the exclusive placement agent (the “Placement Agent”) in the Offering pursuant to a Placement Agency Agreement dated March 19, 2026, by and between the Company and the Placement Agent. The Company agreed to pay the Placement Agent (i) a cash fee equal to 3.0% of the gross proceeds raised in the Offering and (ii) warrants to purchase Ordinary Shares up to 4.0% of the aggregate gross proceeds raised in the Offering (the “Placement Agent Warrants”). The Placement Agent Warrants have an exercise price equal to $0.0002 per share, and will be exercisable for five (5) years from the issuance date. The Placement Agency Agreement contains customary conditions to closing, representations and warranties of the Company, and termination rights of the parties, as well as certain indemnification obligations of the Company and ongoing covenants for the Company.
The Company intends to use the net proceeds of this offering primarily to accelerate its international growth initiatives, including:
| · | expansion of its recently established Saudi Arabia Regional Headquarters and broader Middle East and North Africa operations; |
| · | deployment and commercialization of AI-powered education platforms, including intelligent tutoring, automated assessment and Smart Exam solutions; |
| · | advancement of strategic partnerships, investments and selective M&A opportunities aligned with global expansion; and |
| · | continued execution of its planned transition toward the new identity Formind Group. |
The foregoing description of the Placement Agency Agreement, Securities Purchase Agreements, Pre-Funded Warrants and Placement Agent Warrants qualified in their entirety by reference to the full text of the Placement Agency Agreement, the form of Securities Purchase Agreement, the form of Pre-Funded Warrant and the form of Placement Agent Warrant, which are attached hereto as Exhibit 10.1, 10.2, 10.3 and 10.4, respectively, and which are incorporated herein in their entirety by reference.
Press Releases.
On April 2, 2026 and April 14, 2026, the Company issued press releases, copies of which are attached hereto as Exhibit 99.1 and 99.2, respectively, and are incorporated herein by reference.
In connection with the Offering, on April 8, 2026, the Company issued a press release announcing the closing of the Offering, a copy of which is attached hereto as Exhibit 99.3 and is incorporated herein by reference.
Financial Statement and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |
| 10.1 | Placement Agency Agreement | |
| 10.2 | Form of Securities Purchase Agreement | |
| 10.3 | Form of Pre-Funded Warrant | |
| 10.4 | Form of Placement Agent Warrant | |
| 99.1 | Press Release, dated April 2, 2026 | |
| 99.2 | Press Release, dated April 14, 2026 | |
| 99.3 | Press Release, dated April 8, 2026 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
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.
| Date: April 14, 2026 | Ruanyun Edai Technology Inc. | |
| By: | /s/ Yan Fu | |
| Name: | Yan Fu | |
| Title: | Director and Chief Executive Officer | |
EXHIBIT 99.1
Ruanyun Edai Technology Establishes Saudi Regional Headquarters, Accelerating Global Expansion, AI Education Deployment and Transition
Company positions Saudi Arabia as strategic MENA hub and anticipates second-half 2026 revenue increase with expectations of 10% revenue growth year-over-year for FY2026 from $6.6M in FY2025
NANCHANG, China, April 02, 2026 (GLOBE NEWSWIRE) -- Ruanyun Edai Technology Inc. (NASDAQ: RYET) (“Ruanyun Edai Technology,” “RYET,” or the “Company”), an AI-driven education technology company focused on intelligent content recognition, automated assessment and next-generation learning systems,, today announced the establishment of its Regional Headquarters (“RHQ”) in the Kingdom of Saudi Arabia, marking a significant milestone in the Company’s global expansion strategy, long-term commitment to the Middle East and North Africa (MENA) region and a significant step in transition toward the previously announced Formind Group, which remains subject to shareholder approval and the completion of applicable corporate and regulatory processes.
(CEO of Ruanyun Edai Technology, Maggie Fu, with HRH Prince Fahad and representatives of Talemia, a wholly owned subsidiary of the Saudi Public Investment Fund, focused on developing next generation educational systems )
The RHQ has been formally registered as Soft Cloud Smart Technology Company, a limited liability entity with active commercial status in Saudi Arabia. The Company believes this development significantly strengthens its operating footprint in one of the world’s fastest-growing education and digital transformation markets and creates a strategic platform for expansion across the broader MENA region.
Ruanyun Edai Technology believes Saudi Arabia is emerging as a highly attractive market for AI-powered education, digital learning infrastructure and next-generation academic technology, supported by strong national modernization initiatives, rising institutional demand and growing demand for international curriculum and language learning solutions. The Company expects its Saudi RHQ to serve as a regional decision-making and operational hub, supporting product localization, partnership development and more effective execution across the Kingdom and the Gulf Cooperation Council (“GCC”).
The announcement also reflects the Company’s broader strategic evolution toward the planned Formind Group identity. Management believes this transition is aligned with the Company’s long-term objective of building a more globally diversified education and technology platform with expanding exposure to international markets, cross-border partnerships and strategic growth opportunities.
As part of this business strategy, the Company has set performance targets of approximately 60% of its revenue being derived from global markets by the end of 2027, while also building a more internationally diversified asset base over time through a combination of organic expansion, strategic investments, mergers and acquisitions and other growth initiatives.
In addition, following its previously reported interim financial results for the six months ended September 30, 2025, the Company anticipates a meaningful portion of expected revenue will be weighted toward the second half of fiscal year 2026 due to delivery milestones and revenue recognition. Based on preliminary internal figures and management’s current expectations, the Company expects unaudited full year 2026 revenue to be approximately 10% higher than full year 2025, which was $6,685,387. If achieved, this would reflect a significant second-half improvement, compared to the first-half reported run rate, and the Company’s full-year performance will be expected to approach its historical operating profile, subject to final closing procedures, year-end adjustments and audit-related review.
Saudi Arabia’s RHQ framework is designed to attract substantive multinational operations, including registered legal presence, local management, regional oversight functions and compliance with applicable regulatory and operational requirements. The Company believes its RHQ structure provides a strong foundation for long-term growth and regional scaling.
With the RHQ now in place, the Company is advancing its rollout strategy in Saudi Arabia and the GCC with a focus on:
| · | Chinese language learning programs across education systems; |
| · | AI-powered learning platforms, including automated assessment and intelligent tutoring tools; |
| · | deployment of Smart Exam, the Company’s AI-based examination and proctoring solution, designed to enhance academic integrity, monitoring and operational efficiency; and |
| · | collaboration with local governments, schools, education providers and strategic partners to support next-generation digital education infrastructure. |
Maggie Fu, Chief Executive Officer of Ruanyun Edai Technology, commented:
“The establishment of our Saudi RHQ marks a major milestone for the Company and a meaningful step in our transition toward Formind Group as a global strategy. We see Saudi Arabia as a strategic gateway to regional growth and as an important operating base that can localize our solutions, deepen institutional relationships and accelerate the deployment of AI-enabled education technologies.”
“We believe this development supports a much broader transformation for us that is already underway. Our goal is to build a more internationally diversified business, increase the proportion of revenue generated from global markets, and expand through both operating execution and strategic investment activities.”
The Company intends to continue providing updates, where appropriate, regarding its Saudi and broader MENA expansion activities, international growth strategy, strategic investment initiatives and planned transition toward Formind Group.
About Ruanyun Edai Technology Inc.
Ruanyun Edai Technology Inc. (NASDAQ: RYET) is an AI-driven education technology company focused on intelligent content recognition, automated assessment and next-generation learning systems. The Company is committed to delivering scalable, efficient and intelligent education solutions globally. Subject to shareholder approval and completion of applicable processes, the Company plans to transition to the Formind Group name as part of its broader global strategy. For more information, please visit: ruanyun.net and investors.ruanyun.net.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding the Company’s international expansion strategy, the expected benefits of its Saudi RHQ, the anticipated role of Saudi Arabia as a regional hub, the Company’s planned transition toward the Formind Group identity, the Company’s strategic targets relating to future global revenue mix and international diversification, expected growth through expansion, mergers and acquisitions and other investment activities, and the Company’s preliminary expectations regarding unaudited full-year fiscal 2026 revenue. These forward-looking statements are based on current expectations, estimates, forecasts and assumptions, and involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include, among others, risks relating to the Company’s ability to execute its international growth strategy, localize and commercialize its products and services in Saudi Arabia and other international markets, obtain and maintain required registrations and approvals, establish and scale operations in new jurisdictions, complete or integrate acquisitions or investments, maintain customer and partner relationships, satisfy revenue recognition criteria, complete year-end closing procedures, and manage liquidity, costs, competition, regulatory developments, macroeconomic conditions and geopolitical factors. There can be no assurance that the Company will achieve its stated strategic targets or preliminary revenue expectations within the anticipated timeframe, or at all. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to update any forward-looking statements, except as required by law.
For Investor Inquiries and Media Contact:
WFS Investor Relations Inc.
Email: services@wfsir.com
Phone: +1 628 283 9214
EXHIBIT 99.2
Ruanyun Edai Technology Enters MOU with City University Malaysia to Advance Global Education Strategy and Planned Transition to Formind Group
Framework supports Ruanyun’s expansion into global educational support services and its strategic target of deriving 60% of revenue from international markets by 2027
NANCHANG, China, April 14, 2026 — Ruanyun Edai Technology Inc. (NASDAQ: RYET) (the “Company” or “Ruanyun”), an AI-driven education technology company focused on intelligent content recognition, automated assessment and next-generation learning systems, today announced that it has entered into a Memorandum of Understanding (“MOU”) with City University Malaysia to explore collaborative opportunities in cross-border education and talent development.
Following reciprocal visits between the two organizations in early 2026, the MOU establishes a preliminary framework to evaluate joint initiatives. Core areas of potential collaboration include joint degree pathways, language training and test center operations, corporate training, and integrated industry-education talent cultivation.
The Company believes the MOU aligns with Ruanyun’s strategic objective to expand its international footprint, diversify operations, and advance its planned corporate transition to the Formind Group. The Company also views initiatives of this nature as part of a broader expansion into educational support services, including helping bridge educational institutions and cross-border student support services in international markets.
The Company believes that the long-term opportunity extends beyond traditional education delivery and includes the development of a more connected platform that supports institutions, students, language readiness, training, employability, and cross-border educational progression. In that context, the Company believes frameworks such as this may help support the development of a broader global education support ecosystem over time.
Furthermore, this partnership supports the Company’s previously stated objective of generating approximately 60% of its total revenue from global markets by the end of 2027..
“This MOU reflects our continued efforts to broaden Ruanyun’s international relationships as we advance our planned transition toward Formind Group,” said Maggie Fu, Chief Executive Officer of Ruanyun Edai Technology Inc. “We see Malaysia as an important market within the broader Southeast Asian education landscape, and this framework creates an opportunity to explore practical areas of cooperation with an established university partner. Over time, we believe initiatives of this nature can support our goal of building a more internationally diversified business, increasing the proportion of revenue generated from global markets, and expanding our role in the broader ecosystem of educational support and student-facing services.”
The announcement follows the Company’s recent international expansion initiatives, including the establishment of its Saudi regional headquarters, as well as its recently announced $1.73 million strategic financing, which the Company said would support global expansion initiatives and the continued development of its broader international platform.
The Company noted that the MOU is intended to serve as a preliminary framework for cooperation only. Specific projects, implementation terms, financial arrangements, operational responsibilities, intellectual property matters, regulatory approvals, and other binding rights and obligations, if any, will be subject to further discussion and the execution of definitive agreements between the parties.
Ruanyun believes that institutional relationships of this nature may contribute to its longer-term objective of building a more international and diversified education platform under the planned Formind Group identity.
About Ruanyun Edai Technology Inc.
Ruanyun Edai Technology Inc. (NASDAQ: RYET) is an AI-driven technology company focused on intelligent content recognition, automated assessment and next-generation learning systems. The Company is committed to delivering scalable, efficient and intelligent technology solutions globally. Subject to shareholder approval and completion of applicable processes, the Company plans to transition to the Formind Group name as part of its broader global strategy. For more information, please visit: ruanyun.net.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. These statements include, without limitation, statements regarding the Company’s planned transition to Formind Group, its international expansion strategy, its target of increasing the proportion of revenue derived from global markets over time, the potential significance of the MOU with City University Malaysia, the possibility of future cooperation in the areas described above, the Company’s broader expansion into educational support services, and the intended use and anticipated benefits of the Company’s recent strategic financing. These forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied, including, without limitation, the parties’ ability to identify viable projects, negotiate and enter into definitive agreements, obtain any required approvals, implement contemplated initiatives on acceptable terms or at all, and the Company’s ability to execute its broader strategy. Additional risks are described in the Company’s filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements, except as required by law.
For Investor Inquiries and Media Contact:
WFS Investor Relations Inc.
Email: services@wfsir.com
Phone: +1 628 283 9214
EXHIBIT 99.3
Ruanyun Edai Technology Secures $1.73 Million Strategic Financing to Accelerate Global Expansion and Transition of Its New Identity Formind Group
Financing priced at $1.00 per unit; Company highlights improving revenue trajectory and deployment of capital into MENA expansion and AI education initiatives
NANCHANG, China, April 08, 2026 (GLOBE NEWSWIRE) -- Ruanyun Edai Technology Inc. (NASDAQ: RYET) (“Ruanyun Edai Technology,” “RYET,” or the “Company”), an AI-driven education technology company focused on intelligent content recognition, automated assessment and next-generation learning systems, today announced that it has closed $1.73 million in strategic financing, led by AC Sunshine Securities LLC, from certain sophisticated investors.
The financing transaction was completed at a purchase price of $1.00 per unit, with each unit consisting of one ordinary share and 5% additional pre-funded warrants, reflecting continued investor support for the Company’s evolving global strategy and recent operational progress.
Capital to Support Global Expansion Strategy
The Company intends to deploy the proceeds of the financing to accelerate its international growth initiatives, including:
| · | expansion of its recently established Saudi Arabia Regional Headquarters (RHQ) and broader Middle East and North Africa (“MENA”) operations; |
| · | deployment and commercialization of AI-powered education platforms, including intelligent tutoring, automated assessment and Smart Exam solutions; |
| · | advancement of strategic partnerships, investments and selective M&A opportunities aligned with global expansion; and |
| · | continued execution of its planned transition toward the new identity Formind Group. |
The Company believes the financing enhances its financial flexibility and positions it to execute more effectively on near-term commercial opportunities and long-term strategic objectives.
Reinforcing Revenue Trajectory and Business Momentum
The financing follows the Company’s recent operational developments, including the establishment of its Saudi RHQ and continued progress in expanding its international footprint.
As previously disclosed, the Company currently expects growth from unaudited full-year fiscal 2026 revenue, compared to fiscal 2025, with a meaningful portion of activity weighted toward the second half of the fiscal year due to delivery milestones and revenue recognition.
Management believes this full-year growth trajectory reflects improving business momentum and provides a more representative view of the Company’s operating scale than interim results.
Positioned for Global Diversification
The Company continues to advance its broader strategic transformation toward a more globally diversified education and technology platform under its planned Formind Group identity.
As part of this strategy, the Company is targeting that approximately 60% of its revenue will be derived from global markets by the end of 2027, supported by international expansion, strategic investments and cross-border growth initiatives, while building an increasingly diversified global asset base over time.
Maggie Fu, Chief Executive Officer of Ruanyun Edai Technology, commented:
“We are pleased to close this financing with AC Sunshine Securities, which we believe reflects continued investor support for our strategy and long-term vision.”
“This capital allows us to accelerate execution of our global initiatives, particularly in the Middle East following the establishment of our Saudi RHQ, and supports our broader transition toward Formind Group as a more internationally focused platform.”
“More importantly, we believe our business is entering a phase of improving momentum, with operational activities increasingly weighted toward the second half of fiscal 2026 and beyond. This financing strengthens our ability to convert that momentum into execution and growth.”
The securities described above were offered in a private placement pursuant to exemptions from registration under the Securities Act of 1933, as amended, including Section 4(a)(2) and/or applicable provisions of Rule 506(b) of Regulation D promulgated thereunder, and were not offered by way of a public offering.
The securities have not been registered under the Securities Act or applicable state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption. The Company has agreed to provide customary registration rights and expects to file a registration statement covering the resale of the securities within a specified period, subject to customary conditions.
This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities referred to in this press release, nor will there be any sale of any such securities in any state or other jurisdiction in which such offer, sale or solicitation would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About Ruanyun Edai Technology Inc.
Ruanyun Edai Technology Inc. (NASDAQ: RYET) is an AI-driven technology company focused on intelligent content recognition, automated assessment and next-generation learning systems. The Company is committed to delivering scalable, efficient and intelligent technology solutions globally. Subject to shareholder approval and completion of applicable processes, the Company plans to transition to the Formind Group name as part of its broader global strategy. For more information, please visit: ruanyun.net.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding the completion and expected benefits of the financing, the Company’s use of proceeds, its international expansion strategy, the anticipated impact of its Saudi RHQ, its planned transition toward the Formind Group identity, expected revenue trends and timing, and future growth opportunities. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially, including risks relating to execution of the Company’s strategy, commercialization of products and services, ability to expand internationally, completion and integration of investments or acquisitions, revenue recognition timing, regulatory developments, capital availability and general economic and geopolitical conditions. There can be no assurance that the Company will achieve its strategic objectives or expected revenue trajectory. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to update such statements except as required by law.
For Investor Inquiries and Media Contact:
WFS Investor Relations Inc.
Email: services@wfsir.com
Phone: +1 628 283 9214