BEIJING, CN / ACCESS Newswire / January 28, 2026 / 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 the closing of its previously announced registered direct offering for the sale and purchase of 11,067,547 American Depositary Shares ("ADSs"), each representing two common shares of the Company, with a par value of US$0.01 per share (the "Common Shares"), at a purchase price of US$0.80 per ADS (equivalent to US$0.40 per Common Share), pursuant to the subscription agreement dated November 17, 2025 entered into by and among the Company and three investors.
The Company received gross proceeds of approximately US$8.85 million from the issuance and sale of the ADSs before deducting the offering expenses payable by the Company. The net proceeds from the registered direct offering will be used for general working capital needs.
Separately, the Company announced in August 2025 that it entered into a non-binding term sheet (the "Term Sheet") with Baby BTC Strategic Capital Limited ("Baby Capital"), pursuant to which Baby Capital intended to subscribe for new shares of the Company. The Company and Baby Capital have since terminated the discussions regarding the potential transaction contemplated under the Term Sheet.
About ATA Creativity Global
ATA Creativity Global is an international educational services company focused on providing quality learning experiences that cultivate and enhance students' creativity. ATA Creativity Global offers a wide range of education services consisting primarily of portfolio training, research-based learning services, overseas study counselling and other educational services through its training center network. For more information, please visit ACG's website at www.atai.net.cn.
Cautionary Note Regarding Forward-looking Statements
This report contains statements that may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terms such as "will," "should," "could," "expect," "anticipate," "aim," "future," "intend," "plan," "believe," "estimate," "forecast," "outlook," "likely to" and similar statements. ACG may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about ACG's beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, further information regarding which is included in the Company's filings with the SEC. These forward-looking statements are subject to a number of risks and uncertainties, which could cause the actual results to differ materially from those indicated in these forward-looking statements. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this report. All information provided in this report is as of the date of this report, and ACG undertakes no duty to update such information to reflect events or circumstances that arise after the date hereof, except as required under applicable law.
For more information on our company, please contact the following individuals:
At the Company | Investor Relations |
ATA Creativity Global | The Equity Group Inc. |
Ruobai Sima, Chief Financial Officer | Lena Cati, Senior Vice President |
+86 10 6518 1133 x5518 | 212-836-9611 |
simaruobai@acgedu.cn | lcati@theequitygroup.com |
|
|
| Alice Zhang, Associate |
| 212-836-9610 |
| azhang@theequitygroup.com |
SOURCE: ATA Creativity Global
View the original press release on ACCESS Newswire:
https://www.accessnewswire.com/newsroom/en/business-and-professional-services/ata-creativity-global-announces-closing-of-registered-direct-off-1131292
