ACG Announces Entry into Subscription Agreement in Connection with Private Placement of Common Shares to CL-TCC
ATA Creativity Global - American Depositary Shares, each representing two common shares (AACG)
Company Research
Source: GlobeNewswire
BEIJING, Dec. 18, 2019 (GLOBE NEWSWIRE) -- ATA Creativity Global (“ACG” or the “Company”, Nasdaq: AACG), a company focused on providing students with quality educational experiences and services in China and abroad, today announced that it entered into a Subscription Agreement (the “Subscription Agreement”) with CL-TCC, a company focusing on investments in culture and education industry, in connection with the private placement of the Company’s common shares. Under the terms of the Subscription Agreement, CL-TCC has agreed to subscribe to a total of 5,662,634 common shares (the “Subscription Shares”) of the Company for an aggregate price of US$10,022,862.18, or $1.77 per share (the “Transaction”). Such per share price represents a 108.7% premium over the per share price implied by the volume-based weighted average trading price of the Company’s American depositary shares in the 20 trading days prior to the date of the Subscription Agreement. Following the closing of the Transaction
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News
- ATA Creativity Global (AACG) Q3 2025 Earnings Call Highlights: Revenue Growth Amid Enrollment ... [Yahoo! Finance]Yahoo! Finance
- ATA (NASDAQ:AACG) had its "sell (d-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- ATA (NASDAQ:AACG) had its "sell (d-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
AACG
Sec Filings
- 12/3/25 - Form 6-K
- 11/19/25 - Form SCHEDULE
- 11/19/25 - Form 424B5
- AACG's page on the SEC website