Yimutian (NASDAQ:YMT) released a strategic update for investors detailing its capital plans, equity commitments and financial outlook for 2026.
The company said its $30 million convertible note facility, signed in December 2025 and filed with the U.S. Securities and Exchange Commission, is progressing as expected. The first tranche of $3.3 million has already been funded, while a second tranche is expected to close soon. The remaining funds are planned to be drawn during the year, subject to customary conditions. According to the company, the financing provides liquidity and flexibility to support organic growth and potential strategic acquisitions.
Yimutian also said the company and its management team have committed to purchasing at least $3 million of the company’s shares on the open market. In addition, management has agreed to a twelve-month lock-up on existing holdings, during which they will not sell shares. The company is also working with its board of directors to establish a formal share repurchase program in the near future.
Management expects total revenue for 2026 to reach approximately RMB 1.0 billion. The forecast assumes roughly equal contributions from the company’s existing operations and the planned acquisition of Xunxi. The contribution from Xunxi remains contingent on the successful completion of the transaction, which the company expects to finalize in the near term.
More about Yimutian
Yimutian Inc., listed on Nasdaq under the ticker YTM, operates the largest agricultural business-to-business platform in mainland China, offering services under brands including Wolaicai. The company focuses on digital agricultural commerce, smart farming and agricultural sourcing and trading, using artificial intelligence tools and a nationwide network to modernize China’s fragmented farm-to-market supply chain.
Its platforms — including the Yimutian App and Douniu — connect more than 39 million merchants, support millions of product listings and cover most major agricultural wholesale markets across China. By combining online data capabilities with offline service centers, Yimutian aims to enhance farmland value through technology, standardized processes and integrated supply-chain services for both farmers and buyers.