Jianzhi Education completes $5 million registered direct offering

Jianzhi Education Technology Group Company Limited (NASDAQ: JZ) completed a registered direct offering that raised approximately $5 million in gross proceeds, the Beijing-based company announced.

The offering consisted of 5 million American Depositary Shares and accompanying series A warrants exercisable for an additional 5 million ADSs. The combined price for each ADS and warrant was $1.00.

Jianzhi plans to use the net proceeds for working capital and general corporate purposes, including business operations, content and product development, marketing activities, and other corporate needs, according to the company statement.

Maxim Group LLC served as the exclusive placement agent for the offering.

The transaction was conducted under an effective shelf registration statement on Form F-3 that was filed with the U.S. Securities and Exchange Commission on November 15, 2024, and declared effective on December 9, 2024.

Jianzhi, established in 2011, provides digital educational content in China, focusing on professional development training resources for higher education institutions and individual customers. The company operates through self-developed online learning platforms and maintains an omni-channel sales system.

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