Why Is Yimutian Stock Gaining Tuesday?
Yimutian Inc. (NASDAQ: YMT ) said Tuesday it is moving ahead with its capital plan and expects full-year revenue of about 1 billion Chinese yuan, according to a strategic update for investors. The company said its $30 million convertible note facility remains on track. Yimutian signed the facility in December 2025 and later filed it with the U.S. Securities and Exchange Commission. So far, investors have funded an initial $3.3 million tranche. The company expects the second tranche to close soon. It plans to draw the rest over the year, subject to customary conditions. Yimutian said the funding will support organic growth and possible acquisitions. Management Backs the Stock Management also showed confidence in the business. The company said executives plan to buy at least $3 million of Yimutian shares in the open market over the next nine months. In addition, they agreed ... Full story available on Benzinga.com
