Dollar edges higher ahead of Fed minutes; sterling gains after CPI increase
Jayud Global Logistics Ltd (NASDAQ:JYD) announced Wednesday it has completed a registered direct offering of 42,857,143 Class A ordinary shares to certain accredited investors at a price of $0.14 per share, raising gross proceeds of $6 million. The transaction was made under the company’s existing shelf registration statement on Form F-3, which was declared effective by the U.S. Securities and Exchange Commission on July 3, 2024.
The closing of the offering occurred Thursday. Jayud Global Logistics stated it intends to use the proceeds for general corporate purposes, repayment of certain outstanding loans, and for the registration and operation of its overseas business entities, branches, and offices.
In connection with the offering, Jayud Global Logistics entered into an engagement agreement with FT Global Capital, Inc., dated June 26, 2025. Under the terms of this agreement, the company agreed to pay FT Global either a 7.0% cash fee on gross proceeds from investors not sourced by the company, or a 4.0% cash fee from investors sourced by the company. FT Global is also to be reimbursed for out-of-pocket expenses, including legal fees, up to $50,000.
Additionally, the company’s executive officers and directors, subject to certain exceptions, have agreed not to sell or otherwise transfer any Class A ordinary shares or related securities for 45 days following the closing date of the offering. Jayud Global Logistics has also agreed not to offer or sell additional equity or file related registration statements during the same 45-day period without written consent from FT Global.
All information is based on a press release statement and a filing with the U.S. Securities and Exchange Commission.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.