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Accesswire
27 days ago
ATA Creativity Global Announces Entry into Agreement for Registered Direct Offering of Its ADSs
BEIJING, CN / ACCESS Newswire / November 18, 2025 / ATA Creativity Global ("ACG" or the "Company") (Nasdaq:AACG), an international educational services company focused on providing quality learning experiences that cultivate and enhance students' creativity, today announced that, on November 17, 2025, it entered into a subscription agreement (the "Subscription Agreement", which is attached hereto as Exhibit 99.1) with three purchasers (the "Purchasers") for a registered direct offering of 11,067,547 of its American Depositary Shares ("ADSs"), each ADS representing two common shares of the Company with a par value of US$0.01 per share (the "Common Shares") at the price of $0.8 per ADS (equivalent to $0.4 per Common Share) (the "Registered Direct Offering"). The gross proceeds to the Company from the Registered Direct Offering are estimated to be approximately $8.85 million before deducting any estimated offering expenses payable by the Company.