AIFU plans $135 million private placement of Class A shares

AIFU Inc. (NASDAQ: AIFU), a China-based financial services company, announced it has entered into a share purchase agreement with certain investors to issue 45,000,000 Class A ordinary shares at $3.00 per share, according to a press release.

The transaction is expected to generate approximately $135.0 million in gross proceeds and is expected to close by the end of October 2026, subject to customary closing conditions.

The agreement also includes a warrant to purchase up to 90,000,000 additional Class A ordinary shares. Half of the warrant will be exercisable at 200% of the per-share purchase price of $3.00, with the remaining half exercisable at 250%.

Upon closing, the company will have 61,175,748 total ordinary shares outstanding, comprising 50,925,748 Class A shares and 10,250,000 Class B shares. Assuming the warrant is not exercised, the largest investor in the transaction is expected to hold approximately 56.12% of total outstanding shares, representing 3.19% of aggregate voting power.

The shares are being issued under Section 4(a)(2) of the Securities Act of 1933 as a private placement and have not been registered under the Securities Act. The company said it intends to use net proceeds for general working capital and other corporate purposes as determined by its board of directors.

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