Yimutian withdraws planned public offering, maintains convertible notes
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Yimutian Inc. Provides Updates on Its Financing Plan
March 25, 2026 9:06 AM EDTBEIJING, March 25, 2026 (GLOBE NEWSWIRE) -- Yimutian Inc. (NASDAQ: YMT) (the Company) today announced an update to its recent financing plan. The Companys previously announced private placement of up to US$30.0 million of senior convertible promissory notes with an institutional investor (the Convertible Notes) remains in effect in accordance with its terms. The initial closing of US$3.37 million was completed in December 2025, and the Company expects to conduct additional closing(s) under that facility, subject to customary closing conditions.
In addition, after further evaluating current market conditions, its capital structure and expected financing... More
