Maase prices US$50 million PIPE at US$12.89 per share

Bitget2026/09/23 13:00

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Maase entered a PIPE to issue 3,878,856 Class A ordinary shares for expected gross proceeds of about USD 50 million.
Deal priced at USD 12.89 per share.
Shares carry a 36-month lock-up.
Closing expected in October 2026, subject to customary conditions.
Proceeds earmarked for Star distributed computing centers, Lingyanmiaoyu MoE large language model development, working capital.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Maase Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609230900PRIMZONEFULLFEED9832415) on September 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Maase prices US$50 million PIPE at US$12.89 per share

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