Ruanyun Edai Technology Inc. prices IPO at $4 per share, expects to raise $15 million.

From GlobeNewswire: 2025-04-07 21:33:00

Ruanyun Edai Technology Inc. has priced its initial public offering of 3,750,000 ordinary shares at $4.00 per share, expecting to raise around $15 million. The shares will trade on the Nasdaq Capital Market under the ticker symbol “RYET” starting April 8, 2025. The net proceeds will be used for research, marketing, content creation, cash reserves, and working capital. AC Sunshine Securities LLC is the sole book-running manager for the Offering. Interested investors can obtain the prospectus from AC Sunshine Securities LLC or the SEC’s website. This press release contains forward-looking statements, and investors are advised to review all information before investing.



Read more at GlobeNewswire: Ruanyun Edai Technology Inc. Announces Pricing of Initial