Julong raises $900K in private placement of shares and warrants
What's the deal? Nasdaq-listed Julong HoldingDealroom has a profile for this one. Try Dealroom →, a Chinese provider of intelligent integrated solutions, has agreed to sell shares and warrants to a group of accredited investors for gross proceeds of $897,750. The company signed the securities purchase agreement on September 28, 2026, with the deal expected to close on or about September 29.
The breakdown: Julong will issue 750,000 Class A ordinary shares at $0.300 each, plus 2,250,000 pre-funded warrants at $0.299 apiece. The warrants carry an exercise price of $0.001 per share and are immediately exercisable.
What's the endgame? Net proceeds land at roughly $828,000 after expenses. Julong intends to use the money for general corporate purposes, with management retaining discretion over timing.
Founded in 1997, the Beijing-based company sells intelligent security, fire protection, parking, toll collection, and city management systems to public utilities, commercial properties, and multifamily residential properties across China.
The signal: At under $900,000, the raise sits near the bottom of disclosed funding rounds — a modest top-up rather than a growth-stage bet, reflecting how small-cap Nasdaq issuers use private placements to shore up working capital.
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