Maase Inc. Secures $50 Million PIPE Financing to Scale Star Edge Computing Centers and Lingyan Miaoyu LLM

Maase Inc. (NASDAQ: MAAS), an AI-centric full-scene digital systems provider and operator, announced on September 23, 2026 that it has entered into a definitive securities purchase agreement with Crystal Peak Ltd. for a private investment in public equity financing expected to yield gross proceeds of approximately $50.0 million. The transaction underscores growing investor appetite for integrated AI infrastructure and energy platforms as enterprises accelerate adoption of large language models and edge computing workloads.

Under the terms of the agreement, Maase will issue 3,878,856 Class A ordinary shares, par value $0.09 per share, at a purchase price of US$12.89 per share. The shares to be issued to Crystal Peak Ltd., a financial investment institution focused on AI infrastructure, will be subject to a 36-month lock-up. The closing remains subject to customary closing conditions and is expected to occur in October 2026.

The company plans to allocate the gross proceeds primarily to two strategic priorities, with remaining funds directed toward working capital for market expansion, recruitment of core R&D talent, and delivery of existing AI computing and enterprise AI solutions projects. The first priority is the expansion of Star Distributed Intelligent Computing Centers, which involves the procurement, deployment and technological iteration of containerized modular edge computing nodes, upgrades to the unified computing capacity scheduling platform, and support for green energy and energy storage integration projects. These investments are expected to support the fulfillment of existing computing services contracts and enable Maase to serve additional enterprise AI computing demands.

The second priority is the research, development and commercialization of the Lingyan Miaoyu Mixture-of-Experts Large Language Model. The company plans to enhance AI security and privacy-preserving computing capabilities, iterate enterprise private-deployment versions, continuously optimize the consumer-facing access portal, and establish datasets and an AI security laboratory to support the expansion of AI token services and customized large language model projects.

Dr. Zhifeng Li, Chief Technology Officer of MAAS, commented, "MAAS is committed to building a differentiated, integrated AI + energy platform. This PIPE financing reflects the investor's recognition of the Company's strategic direction and business growth prospects." He added that the proceeds will be used to accelerate the scaled deployment of Star distributed computing nodes, advance the research and development of the Lingyan Miaoyu security-focused large language model, and support the continued delivery and fulfillment of existing enterprise customer projects. "This PIPE financing continues the Company's disciplined approach to capital allocation: maintaining prudent capital allocation and financing discipline while supporting business growth, introducing long-term capital aligned with the Company's strategic vision, and supporting the next stage of growth," Li said.

The financing comes as demand for distributed AI computing infrastructure continues to surge across industries, driven by the proliferation of generative AI applications and the need for low-latency, secure processing at the edge. By integrating green energy and energy storage into its computing center expansion, Maase is positioning itself at the intersection of two critical trends: the rapid buildout of AI compute capacity and the transition toward sustainable power sources for data-intensive operations. The 36-month lock-up on the newly issued shares signals a long-term commitment from Crystal Peak Ltd. and may reassure other investors about the stability of the company's strategic direction.

Maase Inc. describes itself as an integrated provider and operator of AI-centric full-scene digital systems, with businesses focused on flexible energy deployment and intelligent commercial network operation. The company provides closed-loop solutions spanning computing infrastructure, smart hardware and full-scene services, aiming to achieve large-scale implementation of AI technologies across industries.