Jianzhi Education Technology Group Company Limited (NASDAQ:JZ) (the "Company" or "Jianzhi") today announced that it has entered into a securities purchase agreement with certain non-affiliated institutional investors for the sale of (1) 5 million American Depositary Shares (the "ADSs"), and (2) accompanying series A warrants to purchase up to 5 million ADSs (the "Series A Warrants"). The combined effective offering price for each ADS and the accompanying Series A Warrant is $1.00. The Series A Warrants will be exercisable immediately upon issuance, and will expire five (5) years from the issuance date. The Series A Warrants have an initial exercise price of $1.00 per ADS, subject to adjustments, including in connection with a Share Combination Event (as defined in the Series A Warrant). The gross proceeds to the Company are expected to be approximately $5 million before deducting placement agent's fees and offering-related expenses. The net proceeds of this offering will be used for working capital and general corporate purposes, including but not limited to supporting business operations, content and product development, marketing activities, and other general corporate needs.
The offering is expected to close on or about June 3, 2026, subject to the satisfaction of customary closing conditions.
Maxim Group LLC served as the exclusive placement agent for the transaction.
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