Ruanyun Edai Technology establishes $100M equity purchase facility

Ruanyun Edai Technology (RYET) has entered into a $100M equity purchase facility with ARC Group International. Under the terms of the agreement, the Company has the right, but not the obligation, to sell ordinary shares to ARC from time to time over a 36-month period, subject to customary conditions, including the effectiveness of a resale registration statement. The Company retains full discretion over the timing and amount of any issuances and is not required to utilize the facility.