What happened
Daiyang Metal updated the terms of a private placement (third-party allotment) to raise US$3.39M, about 18.8% of its market value.
For context, this raise equals about 18.8% of the company's market value, which is the rough scale of potential new-share dilution.
| Instrument | Private placement |
|---|---|
| Raise amount | US$3.39M |
| vs. market value | 18.8% |
| Filed | 2026-03-11, [Amended] Material event report (rights offering) |
| Source | DART rcept 20260311003929 → open original filing |
Source: DART. Information only, not investment advice.