JZ News & Events

Jianzhi Education announced that it has entered into a securities purchase agreement with certain non-affiliated institutional investors for the sale of 5M American Depositary Shares, and accompanying series A warrants to purchase up to 5M ADSs. The combined effective offering price for each ADS and the accompanying Series A Warrant is $1.00. The Series A Warrants will be exercisable immediately upon issuance, and will expire five years from the issuance date. The Series A Warrants have an initial exercise price of $1.00 per ADS, subject to adjustments, including in connection with a Share Combination Event. The gross proceeds to the company are expected to be approximately $5M before deducting placement agent's fees and offering-related expenses. The offering is expected to close on or about June 3, subject to the satisfaction of customary closing conditions. Maxim Group served as the exclusive placement agent for the transaction.

Jianzhi Education Technology Group entered into an agreement with SeaArt AI. Under the terms of the Agreement, Jianzhi and SeaArt AI will explore possible collaborations across several areas, including the development of AI-driven visual and multimedia educational content, integration of SeaArt AI's generative AI image and video creation capabilities into Jianzhi's online learning platforms, and exploration of applications of large-scale AI models in professional development training.

Jianzhi Education announced that the company has received written a notification from the staff of the Listing Qualifications Department of the Nasdaq Stock Market dated July 14, informing the company that it has regained compliance with the Nasdaq Listing Rule 5550(a)(2) and the matter is closed.

Jianzhi Education plans to change the ratio of its ADSs from current one ADS representing six ordinary shares to one ADS representing 60 ordinary shares. The ADS Ratio Change is expected to become effective at the beginning of trading on or about June 16, U.S. Eastern Time. For Jianzhi's ADS holders, the ADS ratio change will have the same effect as a one-for-ten reverse ADS split. Each ADS holder of record on the Effective Date will be required to surrender and exchange every 10 existing ADSs then held for one new ADS. The ADS ratio change will reduce the number of outstanding ADSs of the company from 7,716,666 to approximately 771,666. Jianzhi's ADSs will continue to be traded on the Nasdaq Stock Exchange under the symbol "JZ" and a new CUSIP number 47737L302 has been assigned as a result of the ADS ratio change. The ADS Ratio Change will have no impact on Jianzhi's underlying ordinary shares, and no ordinary shares will be issued or canceled in connection with the ADS ratio change. As a result of the ADS Ratio Change, Jianzhi's ADS trading price is expected to increase proportionally.