Julong Holding announces $897.75K private placement

Julong Holding Limited JLHL announced that it entered into a definitive securities purchase agreement on September 28, 2026, for a private placement of $897.75K in aggregate gross proceeds.

Under the terms of the agreement, the firm will issue and sell: 750K Class A ordinary shares ($0.0001 par value) priced at $0.300 per share, and 2.25M pre-funded warrants priced at $0.299 per warrant.

The warrants carry an exercise price of $0.001 per share, are immediately exercisable, and remain valid until fully exercised to purchase up to 2.25M Class A shares.

Net proceeds from the transaction are estimated at approximately $828K after deducting offering expenses. Julong Holding plans to allocate the capital toward general corporate purposes, with management retaining full discretion over the specific use and timing of the funds.

The transaction is slated to close on or about September 29, 2026.