Jayud Global Logistics Limited completed a registered direct offering of 5,025,000 Class A ordinary shares at $1.34 each, generating gross proceeds of approximately $6.73 million. The transaction is being conducted under an effective “shelf” registration statement on Form F‑3, filed with the U.S. Securities and Exchange Commission in July 2024, and FT Global Capital, Inc. is acting as the exclusive placement agent. The offering is expected to close on or about March 17 2026, subject to customary closing conditions.
The company’s financial profile underscores the urgency of the capital raise. Jayud has been operating with negative cash flow and limited liquidity, reporting a net loss of CN¥49.6 million for FY 2024 and negative retained earnings of $17.7 million. These figures reflect a continued trend of losses and a balance‑sheet strain that the new capital is intended to alleviate while supporting ongoing expansion initiatives.
Revenue is concentrated in the international trading segment, which accounted for 42.9 % of total revenues in the first half of 2025. In addition to the capital infusion, Jayud has been expanding its operational footprint, securing dedicated air cargo capacity on the Zhengzhou‑Chicago route, opening a new warehouse in Rialto, California, and launching a chartered air cargo route between Fuzhou, China, and Jakarta, Indonesia. These moves aim to capture growth in high‑value, time‑critical freight markets.
Jayud is also confronting a class‑action lawsuit alleging securities fraud, with claims of a fraudulent stock promotion scheme and insider trading. The lawsuit, covering the period from April 21 2023 to April 30 2025, has heightened investor scrutiny and contributed to a cautious market reaction. The company’s legal exposure adds a layer of risk that investors weigh against the potential benefits of the new funding.
The net proceeds from the offering will be allocated to general corporate purposes, including working capital and the expansion of overseas operations. By bolstering liquidity, Jayud seeks to strengthen its balance sheet and support its strategic initiatives amid ongoing legal and financial challenges. The company’s management views the capital raise as a critical step toward stabilizing cash flow while pursuing growth opportunities in key markets.
The offering is scheduled to close on or about March 17 2026, pending the satisfaction of customary closing conditions. The transaction represents a significant financing event for Jayud Global Logistics, reflecting both the company’s need for additional capital and its commitment to expanding its global logistics network.
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