Ruanyun Edai Technology Inc., a prominent AI technology company specializing in K-12 education in China, has announced the pricing of its initial public offering (IPO) of 3,750,000 ordinary shares at $4.00 per share, aiming to raise around $15 million. The Ordinary Shares have been approved for listing on the Nasdaq Capital Market, under the ticker symbol “RYET,” with trading expected to commence on Apr. 8, 2025. The IPO is set to close on Apr. 9, 2025, with an Over-Allotment Option available to the underwriters.
The net proceeds from the Offering will be utilized for various purposes, including research and development, marketing, content creation, cash reserves, regional offices set up, and general corporate needs. AC Sunshine Securities LLC is the sole book-running manager for the Offering. Interested investors can obtain a copy of the prospectus via AC Sunshine Securities LLC or the SEC’s website.
Ruanyun Edai Technology Inc. is committed to revolutionizing the K-12 education landscape in China by providing intelligent learning tools, assessment platforms, and adaptive learning systems powered by AI. The Company aims to enhance academic performance, streamline educational processes, and empower schools, teachers, and students with cutting-edge educational tools. Investors are advised to review the prospectus and other SEC filings of the Company for more information. The Company cautions investors not to rely solely on forward-looking statements and acknowledges the risks and uncertainties associated with such statements. For further information, interested parties can contact the Investor Relations department at WFS Investor Relations Inc. through the provided contact details.
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