Recent Updates — BDAI

Biddance AI Systems completed the second closing of its acquisition of Ju Fu Limited, a digital marketing business operating under the brand Beijing Fourth Coco. The transaction involved a US$5,000,000 cash payment and the issuance of 4,000,000 Class A ordinary shares to the seller's designees, subject to lock-up provisions. Up to an additional US$3,000,000 in deferred cash consideration may be payable based on performance targets. Ju Fu is now a wholly owned subsidiary. Biddance AI Systems operates in the artificial intelligence and technology sector.

Biddance AI Systems raised $10.4 million through the issuance of ordinary shares during the six months ended June 30, 2026. The company also announced a 1-for-25 reverse stock split of its Class A ordinary shares, which became effective on July 6, 2026. For the period, revenues increased to $1.2 million from $741,541, while the net loss widened to $1.37 million compared to a $916,109 loss in the prior year period. The company operates in the technology sector, providing hardware sales, software solutions, and tax services primarily within China.

The company raised approximately $9.6 million in net proceeds from two registered direct offerings: a March transaction yielding $2.4 million and a June deal generating $7.2 million, involving the issuance of Class A ordinary shares and pre-funded warrants. Concurrently, the board approved a 1-for-25 reverse split of its Class A ordinary shares that became effective on July 6, 2026, adjusting the par value to $0.375 per share. The filing also discloses unaudited financial results for the six months ended June 30, 2026, showing a net loss of $1.4 million and revenues of $1.2 million. Biddance AI Systems operates in the technology sector, providing hardware, software, and tax services primarily to customers in China.