Nanchang, China, April 07, 2025 (Globe Newswire) – Ruanyun Edai Technology Inc. (“Ruanyun” or “Company”), an artificial intelligence technology (AI) of the primary education focused on K -12 education in China, announced today the price of its initial public offer (the offer “) of 3,750,000 ordinary shares (” ordinary shares “) audience of 4.00,000 parts. The company plans to receive a global gross product of around $ 15,000,000, before deducting subscription discounts and other supply expenses. The ordinary shares have been approved for registration on the Nasdaq capital market and should begin to negotiate on April 8, 2025, under the symbol of “Ryet” ticker. The offer should close on April 9, 2025, subject to usual closing conditions. In addition, the company has granted firm takers an option (the overvoltage option “), exercised within 45 days from the date of closing of the offer, to buy up to 562,500 additional ordinary shares at the price of the public offer, fewer subscription reductions, to cover the overlying, if necessary.
The net product of the offer will be used for (i) the research and development of new products and services; (ii) marketing and customer services; (iii) the new content creation; (iv) cash reserves; and (v) the working fund and the general objectives of companies, including, without limitation, the costs of setting up two additional regional offices.
The offer takes place on a firm engagement basis. AC Sunshine Securities LLC (“AC Sunshine”) acts as the sole manager of the book for the offer. K & L GATES LLP acts as an advisor in American securities of the company, and HUNTER TAUBMAN FISCHER & LLC acts as a securities advisor from AC SUNSHINE in the framework of the offer.
A registration declaration on the F-1 form (file n ° 333-281857) relating to the offer, as modified, was filed with the Securities and Exchange Commission of the United States (the “dry”) and was declared in force by the dry on 03/31/2025. The offer is only made by means of a prospectus. Copies of the prospectus linked to the offer can be obtained, when available, on AC Sunshine Securities LLC, by standard mail at 200 E. Robinson Street, Suite 295, Orlando, FL 32801, by e-mail to prospectus@acsunshine.comor by phone +1 (689) -689-9686. In addition, a copy of the final prospectus relating to the offer, when available, can also be obtained via the SEC website www.sec.gov.
Before investing, you must read the prospectus and other documents that the company has filed or will file with the SEC for more information on the company and the offer. This press release has been prepared for information purposes only and will not constitute an offer to sell or request an offer to purchase the titles described here, and there will be no sale of these titles in a state or jurisdiction in which such an offer, such a soldier or such a jurisdiction.
About Ruanyun Edai Technology Inc.
Ruanyun EDAI Technology Inc. is an innovative education technology company led by AI dedicated to the transformation of the landscape of kindergarten education in the 12th year in China. By taking advantage of the proprietary solutions supplied by AI, the company provides intelligent learning tools, evaluation platforms and adaptive learning systems that improve academic performance and rationalize educational processes. Committed to the modernization of education, the company authorizes schools, teachers and students with teaching, learning and advanced assessment tools thanks to the integration of AI and Internet, promoting a more efficient and effective learning model.
For more information, please visit: http://www.ruanyun.net/,, https://investors.ruanyun.net/.
Declaration turned to the future
This press release contains prospective instructions. Prospective declarations include statements on plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than declarations of historical facts. When the company uses words such as “May”, “will”, “hear”, “should”, “believe”, “wait”, “anticipate”, “project”, “estimate” or similar expressions which are not only linked to historical questions, it makes prospective declarations. These prospective declarations include, without limitation, the declarations of the company concerning the expected trading of its ordinary actions on the capital of capital of the NASDAQ and the closure of the offer. Prospective declarations are not future performance guarantees and involve risks and uncertainties that can ensure that real results differ considerably from the expectations of the company discussed in prospective declarations. These declarations are subject to uncertainties and risks, in particular, but without limiting themselves, the uncertainties linked to the market conditions and the completion of the initial public offer on the conditions provided or at all, and other factors discussed in the “Risk factors” section of the declaration of registration filed with the SEC. For these reasons, among other things, investors are warned not to trust prospective statements in this press release. Additional factors are discussed in the company’s files to the SEC, which are available for examination to www.sec.gov. The company has no obligation to publicly revise these prospective declarations to reflect events or circumstances which occur after the date of the present.
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