Yimutian FY2026 issues USD 1.5 million senior convertible promissory note; interest rate rises to 10%

Reuters03-27

Yimutian FY2026 issues USD 1.5 million senior convertible promissory note; interest rate rises to 10%

Yimutian issued a senior convertible promissory note with an original principal amount of USD 1.5 million to an institutional investor.
The note carries a 10% annual interest rate and matures one year after issuance.
It is convertible into ADSs at the lower of USD 0.33 per ADS or the market price.
The financing is part of a securities purchase agreement that allows for up to USD 30 million of notes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Yimutian Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-034688), on March 26, 2026, and is solely responsible for the information contained therein.

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