IPO - Ruanyun Edai Technology Inc.

Form Type: 424B4

Filing Date: 2025-04-09

Corporate Action: Ipo

Type: New

Accession Number: 000173112225000554

Filing Summary: Ruanyun Edai Technology Inc. is conducting its initial public offering, offering 3,750,000 ordinary shares at a price of $4.00 per share. The shares have been approved for listing on the Nasdaq Capital Market under the symbol 'RYET'. The company operates through a variable interest entity (VIE) structure in China, raising concerns about legal and operational risks due to Chinese law restrictions on foreign ownership. The proceeds from the offering will be utilized for capital contributions and may be subject to regulatory approvals in China. The company has noted the speculative nature of the investment and potential risks from Chinese regulations affecting its operations and financial future. Additionally, a Concerted Action Agreement has been established among major shareholders to maintain voting unity on company decisions, emphasizing their control over strategic direction.

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Form Type: F-1/A

Filing Date: 2025-03-27

Corporate Action: Ipo

Type: New

Accession Number: 000173112225000462

Filing Summary: Ruanyun Edai Technology Inc. is conducting its initial public offering (IPO) by offering 3,750,000 ordinary shares with an expected price range between $4.00 and $5.00 per share. The anticipated effective date of this registration statement is as soon as possible after this statement becomes effective. The proposed shares will be listed on the Nasdaq Capital Market under the symbol 'RYET'. Prior to this offering, there has been no public market for the shares. The company operates as a Cayman Islands holding entity, conducting business primarily through its variable interest entity (VIE) in China. Investors should be aware that they are purchasing shares from the Cayman holding company rather than direct equity in operational entities in the PRC. This structure is associated with certain risks, particularly due to changing regulations and oversight from the Chinese government regarding overseas listings and foreign investment. The company emphasizes that the offering is contingent on regulatory approvals, including from the China Securities Regulatory Commission (CSRC), which has previously approved this offering following the submission of required materials in July 2023. Investors are advised of the unique risks connected with the VIE structure and the potential impacts of PRC regulatory changes on the company’s operations and financial performance, highlighting the speculative nature of the investment.

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Form Type: F-1/A

Filing Date: 2025-01-08

Corporate Action: Ipo

Type: New

Accession Number: 000173112225000046

Filing Summary: Ruanyun Edai Technology Inc. is conducting its initial public offering, offering 3,750,000 ordinary shares at an expected price range of $4.00 to $5.00 per share. This is the fourth amendment to their registration statement filed under the Securities Act of 1933, indicating they have completed the required filing with the China Securities Regulatory Commission (CSRC) and received approval for this offering in April 2024. The offering is contingent upon successful listing on the Nasdaq Capital Market under the symbol 'RYET'. The company, a Cayman Islands holding entity, conducts operations primarily in the People's Republic of China (PRC) through a variable interest entity (VIE), Jiangxi Ruanyun. The structure of the company involves certain contractual arrangements that allow it to control the VIE without equity ownership, which introduces unique risks for investors. The prospectus highlights the implications of being an emerging growth company and addresses potential risks, including regulatory changes in China that could materially impact operations and investor offerings. Furthermore, the document discusses the Concerted Action Agreement among major shareholders, which dictates their voting rights and actions in decision-making processes for board and shareholder meetings. Investors are cautioned against the speculative nature of the investment and the high degree of risk involved.

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