Youlife Group Inc. closed a registered direct offering of a 9% senior original issue discount convertible promissory note with an aggregate principal amount of US$3,000,000. The company received gross proceeds of approximately US$2,730,000 after deducting the original issue discount and issued additional shares as part of the discount structure. The note matures in 12 months and is convertible into Class A ordinary shares. The agreement allows for potential subsequent closings involving up to an additional US$9,000,000 in principal amount, subject to mutual consent and conditions. Youlife intends to use the net proceeds for working capital and general corporate purposes. Youlife Group Inc. operates as a provider of blue-collar lifecycle services, offering workforce solutions through vocational training and employment placement.
