Julong Holding announces $897,750 private placement

Julong Holding Limited said on Sept. 28, 2026 that it entered into a securities purchase agreement with certain investors for a private placement of the company’s securities. The deal is expected to close on or about Sept. 29, 2026, subject to the conditions in the agreement.

Under the agreement, Julong said it will issue and sell 750,000 Class A ordinary shares at $0.300 each and 2,250,000 pre-funded warrants at $0.299 each. The pre-funded warrants have an exercise price of $0.001 per share, are immediately exercisable and may be exercised at any time until exercised in full.

The company said the private placement has gross proceeds of $897,750 and net proceeds of about $828,000 after offering expenses. Julong said it intends to use the money for general corporate purposes, and that management will keep discretion over the use and timing of the proceeds.

Julong said the securities have not been registered under the U.S. Securities Act of 1933 or any applicable state securities laws, and may not be offered or sold in the United States without registration or an applicable exemption. It said the investors represented that they were accredited investors and that they were buying the securities for investment only, with no present intention of distributing them.