Julong Holding raises $897,750 via private placement

Julong Holding Limited (Nasdaq: JLHL) announced it has entered into a securities purchase agreement with certain investors for a private placement of its securities, according to a press release dated September 28, 2026.

Under the terms of the agreement, the Beijing-based company agreed to issue 750,000 Class A ordinary shares at $0.300 per share and 2,250,000 pre-funded warrants to purchase up to 2,250,000 Class A ordinary shares at $0.299 per warrant. The pre-funded warrants carry an exercise price of $0.001 per share, are immediately exercisable, and remain exercisable until fully exercised.

The aggregate gross proceeds from the transaction total $897,750, with net proceeds of approximately $828,000 after deducting offering expenses. The company stated it intends to use the net proceeds for general corporate purposes, with management retaining discretion over the use and timing of the funds.

The private placement was expected to close on or about September 29, 2026, subject to satisfaction or waiver of conditions set forth in the purchase agreement. The securities offered have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States without registration or an applicable exemption. Participating investors represented that they were accredited investors acquiring the securities for investment purposes only.

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