Maase Inc. entered into a Securities Purchase Agreement on September 23, 2026, for a private placement of 3,878,856 Class A ordinary shares at $12.89 per share, generating approximately $50 million in gross proceeds. The transaction is expected to close in October 2026, subject to customary conditions, with the issued shares subject to a 36-month lock-up period. Proceeds will fund the expansion of Star Distributed Intelligent Computing Centers and the research, development, and commercialization of its Lingyanmiaoyu large language models. Maase Inc. operates in the artificial intelligence sector as an integrated provider and operator of AI-centric full-scene digital systems.
