Maase prices US$50 million PIPE at US$12.89 per share - MAAS News | RalliesMaase prices US$50 million PIPE at US$12.89 per share
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MAAS• PIPE terms and proceeds
- Maase entered a PIPE to issue 3,878,856 Class A ordinary shares for expected gross proceeds of about US$50 million.
- The deal was priced at US$12.89 per share.
- Shares carry a 36-month lock-up.
- Closing is expected in October 2026, subject to customary conditions.
- Proceeds are earmarked for Star distributed computing centers, Lingyanmiaoyu MoE large language model development, and working capital.
