JDZG JIADE Ltd

BEARISH Impact: 6/10 424B5
Horizon weeks Filed Jun 1, 2026 Processed 9d 22h ago SEC 0001104659-26-068950
Notable filing: 424B5
Latest settled — T+1d
JDZG ▲ +4.87% at T+1d
SHORT call ✗ call lost -4.87% · α vs SPY -5.59% · entry $63.89 → $67.00
Next anchor: T+5d due 7d ago
Last close $50.00 (close Jun 12) · +21.74% from $63.89 entry (call sign-flipped)
Entry anchored
Jun 1, 03:37 PM ET
via Databento tick
T+1d
+4.87%
call -4.87% · α -5.59%
$67.00
settled 13d ago
T+5d
call — · α —
due 7d ago
T+20d
call — · α —
in 15d
T+60d
call — · α —
in 2mo

Price Chart

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Executive Summary

Jiade Ltd is conducting an additional closing under a securities purchase agreement, selling 3,600,000 Class A ordinary shares at $2.40 per share for gross proceeds of $8.64 million. Combined with the initial closing of 14,000,000 shares at $0.24 per share, total gross proceeds are approximately $12 million. The offering follows a 10-for-1 reverse stock split and is highly dilutive, reducing pro forma net tangible book value per share from $8.64 to $4.51. The company reported a net loss of $1.505 million in FY2025, a deterioration from prior profitability.

Actionable Insight

The offering is significantly dilutive and the company's shift to a net loss in FY2025 raises concerns about cash burn. Monitor for further cash position deterioration and potential Nasdaq compliance issues given the low public float and volatile trading history.

Key Facts

  • Offering 3,600,000 Class A ordinary shares at $2.40 per share for gross proceeds of $8.64 million.
  • Combined with initial tranche, total gross proceeds of approximately $12 million from both closings.
  • Net tangible book value per share drops from $8.64 pro forma to $4.51 as adjusted, a decrease of $4.13 per existing share.
  • Company reported a net loss of $1.505 million (RMB 10.528 million) for FY2025, versus net income in prior years.
  • Yuan Li will beneficially own approximately 83.76% of voting power post-offering.
  • 150-day company standstill and 5-month insider lock-up agreements in place.

Financial Impact

Gross proceeds of $8.64 million from this offering; combined $12 million from both tranches. Dilution reduces book value per share by $4.13 for existing holders.

dilutionnet tangible book valuecash balance

Risk Factors

  • Substantial dilution to existing shareholders with book value per share dropping 48%.
  • Net loss in FY2025 suggests deteriorating fundamentals and possible need for additional capital.
  • Low public float and thin trading volume could amplify price volatility.

Market Snapshot

Exchange
Nasdaq
Sector
Services-Educational Services

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

DocumentAccession Number
424B5 Filing (Primary)0001104659-26-068950
Document: 0001104659-26-068950-index-headers.html0001104659-26-068950
Document: 0001104659-26-068950-index.html0001104659-26-068950
Document: 0001104659-26-068950.txt0001104659-26-068950
6 reports for JDZG
Performance horizon
40% Hit rate 2 of 5 directional calls best @ T+5▲ +45.73%Apr 10, 2026
Filters
Rows
Reports for JDZG — sortable, filterable
Type Now
Jun 1, 2026
13d ago
424B5
BEARISH ★ 6/10
$63.89 $67.00▼ −4.87%▼ −5.59%$50.00 (+21.74%)
May 6, 2026
5w ago
424B5
BEARISH ★ 7/10
$12.80 $14.30▼ −11.72%▼ −12.05%$50.00 (−290.63%)
May 6, 2026
5w ago
6-K
BEARISH ★ 7/10
$12.80 $14.30▼ −11.72%▼ −12.05%$50.00 (−290.63%)
Apr 21, 2026
7w ago
6-K
BEARISH ★ 7/10
$1.11 $1.18▼ −6.31%▼ −6.70%$50.00 (−4404.50%)
Apr 10, 2026
9w ago
6-K
BEARISH ★ 7/10
$1.99 $1.53▲ +23.12%▲ +24.33%$50.00 (−2412.56%)
Apr 10, 2026
9w ago
20-F
BEARISH ★ 6/10
$1.99 $1.53▲ +23.12%▲ +24.33%$50.00 (−2412.56%)
Showing 6 of 6

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