Youlife Group Inc. Announces Initial US$3.0 Million Convertible Note Registered Direct Offering and Potential Additional Investments of Up to US$9.0 Million
Key Highlights
- ➤Youlife (YOUL) raises US$2.73 million through a 9% convertible note offering
- ➤Additional convertible note investments could total up to US$9.0 million
- ➤Investor may convert the note into up to 65,502,184 ADSs
- ➤Company issues 262,009 ADSs as an additional 2% original issue discount
- ➤3,300,000 treasury ADSs delivered as pre-delivery shares for future conversions
Youlife Group Inc. Announces Initial US$3.0 Million Convertible Note Registered Direct Offering and Potential Additional Investments of Up to US$9.0 Million PR Newswire
SHANGHAI, Nov. 4, 2026 /PRNewswire/ -- Youlife Group Inc. ("Youlife" or the "Company") (NASDAQ: YOUL), a leading blue-collar lifetime service provider in China, today announced that it has entered into a securities purchase agreement (the "Purchase Agreement") with an institutional investor for the issuance and sale of a 9% senior original issue discount convertible promissory note with an original principal amount of US$3.0 million (the "Note") in a registered direct offering (the "Offering"). The Purchase Agreement also provides for potential subsequent closings involving up to an additional US$9.0 million in aggregate principal amount of convertible notes, subject to mutual consent of the parties and the satisfaction of the applicable conditions set forth therein.
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