Noteworthy Work
K&L Gates Advises AI Technology Company on Initial Public Offering
Global law firm K&L Gates LLP advised Ruanyun Edai Technology Inc., a leading artificial intelligence (AI) technology company focused on K-12 education in China, on its initial public offering of 3,750,000 ordinary shares at a public offering price of US$4.00 per share, for aggregate gross proceeds of approximately US$15 million. The ordinary shares commenced trading on the Nasdaq Capital Market under the ticker symbol “RYET.”
By leveraging proprietary AI-powered solutions, Ruanyun provides intelligent learning tools, assessment platforms, and adaptive learning systems that enhance academic performance and streamline educational processes. The net proceeds from the offering will be used for research and development of new products and services, marketing and customer services, new content creation, cash reserves, and working capital and general corporate purposes.
The K&L Gates team was led by Miami partner Clayton Parker, with assistance from Miami partner Erin Fogarty, Boston partner Hillary Pellerin O'Rourke, Miami associate David McDonald, and Boston associate Anastassia Korin.
K&L Gates’ Corporate practice is one of the most substantial in the legal industry, with hundreds of lawyers in offices on five continents, providing clients with practical legal solutions in the structuring, financing, and completion of domestic, international, and cross-border transactions.
K&L Gates is a fully integrated global law firm with lawyers located across five continents. The firm represents leading multinational corporations, growth and middle-market companies, capital markets participants and entrepreneurs in every major industry group as well as public sector entities, educational institutions, philanthropic organizations and individuals.
