Financing ·
Yimutian raises $2.5M via additional convertible notes under existing $30M facility
YMTYimutian Inc.
On October 23, 2026, Yimutian Inc. issued and sold a third additional senior convertible promissory note with an original principal amount of $2,500,000 to an existing investor. This issuance occurs under the terms of a Securities Purchase Agreement dated December 8, 2025, which authorized the company to issue up to $30,000,000 in aggregate principal amount of senior convertible notes. The new note matures on October 23, 2027, and carries an initial conversion price of $0.5378 per American depositary share (ADS). The transaction was conducted pursuant to Regulation D exemptions. Yimutian Inc. operates in the technology sector, providing digital marketing services.