Core Viewpoint - Ruanyun Edai Technology Inc. is set to go public with an initial public offering (IPO) of 3,750,000 ordinary shares priced at 15 million before expenses [1][2]. Group 1: Offering Details - The IPO is expected to commence trading on the Nasdaq Capital Market under the ticker symbol "RYET" on April 8, 2025, with the offering closing on April 9, 2025, subject to customary conditions [1]. - An over-allotment option allows underwriters to purchase an additional 562,500 shares within 45 days of the offering's closing date [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to various purposes, including research and development of new products and services, marketing and customer services, new content creation, cash reserves, and general corporate purposes, which include setting up two additional regional offices [2]. Group 3: Company Overview - Ruanyun Edai Technology Inc. is an AI-driven education technology company focused on transforming K-12 education in China through intelligent learning tools, assessment platforms, and adaptive learning systems [6]. - The company aims to modernize education by integrating AI and the internet to enhance academic performance and streamline educational processes [6].
Ruanyun Edai Technology Inc. Announces Pricing of Initial Public Offering