Julong Holding prices $897,750 private placement of shares and pre-funded warrants
JLHL•Julong Holding entered a private placement with accredited investors for 750,000 Class A ordinary shares and 2.25 million pre-funded warrants, with gross proceeds of $897,750. Closing is expected around Sept. 29, 2026, and net proceeds are estimated at about $828,000.
1. Private placement terms
The placement, entered on Sept. 28, covers 750,000 Class A ordinary shares at $0.30 each and 2.25 million pre-funded warrants at $0.299 each. The warrants are exercisable at $0.001 per share.
2. Expected closing
Closing is expected around Sept. 29, 2026, subject to customary conditions. Julong estimates net proceeds of about $828,000 for general corporate purposes.
