Ruanyun Edai Technology Inc., a leading AI-powered education technology company in China, has successfully completed its initial public offering (IPO) of 3,750,000 ordinary shares at a price of $4.00 per share. The offering, which concluded on April 8, 2025, raised approximately $15 million in gross proceeds before deducting underwriting discounts and other expenses. The company’s shares began trading on the Nasdaq Capital Market under the ticker symbol “RYET”.
Offering Details
The IPO was conducted on a firm commitment basis, with AC Sunshine Securities LLC acting as the sole book-running manager. The company has granted underwriters a 45-day option to purchase up to an additional 562,500 ordinary shares to cover over-allotments, if any.
Use of Proceeds
Ruanyun Edai Technology Inc. intends to use the net proceeds from the offering for several key purposes:
- Research and development of new products and services
- Marketing and customer services
- New content creation
- Cash reserves
- Working capital and general corporate purposes, including setting up two additional regional offices
Company Overview
Ruanyun Edai Technology Inc. is an innovative AI-driven education technology company dedicated to transforming the K-12 education landscape in China. By leveraging proprietary AI-powered solutions, the company provides intelligent learning tools, assessment platforms, and adaptive learning systems that enhance academic performance and streamline educational processes.
For more information about Ruanyun Edai Technology Inc. and the IPO, investors can refer to the final prospectus available on the SEC’s website or by contacting AC Sunshine Securities LLC.
Forward-Looking Statement
This press release contains forward-looking statements that involve risks and uncertainties. These statements are not guarantees of future performance and are subject to various risks, including market conditions and the completion of the IPO on anticipated terms. Investors are cautioned not to place undue reliance on these forward-looking statements.
