ATA Creativity Global Enters into Non-Binding Term Sheet with Baby BTC Strategic Capital Limited

SEC Filing 6-K (0001104659-25-073110)

ATA Creativity Global (ACG) announced on August 1, 2025, that it entered into a non-binding term sheet with Baby BTC Strategic Capital Limited (Baby Capital). The term sheet outlines a potential transaction where ACG will issue up to 68,728,522 common shares to Baby Capital at $0.4365 per share, totaling up to $30,000,000. Additionally, Baby Capital will receive a warrant to purchase more shares at $0.8730 per share, with an aggregate exercise price of up to $70,000,000. The proceeds from the transaction are intended to be used primarily for purchasing BABY Token, with the remainder allocated to Bitcoin purchases and collaboration with Babylon Foundation on Bitcoin staking. The transaction is subject to the negotiation of a definitive share purchase agreement, and there is no guarantee that the agreement will be finalized or that the collaboration with Babylon will yield expected outcomes.