Financing ·
Yimutian Inc. issued a $933,333 senior convertible promissory note on September 8, 2026, under an existing Securities…
YMTYimutian Inc.
Yimutian Inc. issued a $933,333 senior convertible promissory note on September 8, 2026, under an existing Securities Purchase Agreement with an aggregate capacity of $30 million. The Second Additional Note carries an initial conversion price of $2.12 per ADS and matures on September 8, 2027. This issuance brings the total principal amount of notes issued to date to approximately $6.09 million across four tranches. The agreement includes covenants restricting cash dividends and requiring a minimum cash balance of $500,000. Yimutian Inc. operates in the digital entertainment industry, providing online games and other interactive services.