Everrise Holdings takes 34.5% of ATA Creativity Global for $21.1m and says it intends to influence strategy

Everrise Holdings LLC, a Nevada company, reported beneficial ownership of 45,306,792 common shares of ATA Creativity Global (CIK 1420529), 34.51% of the class, in a Schedule 13D filed with the SEC on 22 October 2026. The percentage is based on 131,296,790 shares outstanding at 30 September 2026.

Everrise agreed a subscription with ATA on 6 May 2026 for the shares at $0.4667 each, a stated aggregate price of $21,145,961. The deal closed on 21 July 2026, the date given for the event requiring the filing, and was funded from Everrise's working capital with no borrowed funds (Schedule 13D, 22 October 2026, Item 3).

The filing names Juno Cloud Technologies Limited, a British Virgin Islands company, as Everrise's sole member, and Chunlin Chen, a citizen of the PRC, as Juno Cloud's sole shareholder and sole director. Both are reported as sharing beneficial ownership of the same 45.3 million shares (Schedule 13D, 22 October 2026, Items 2 and 5).

The reporting persons say they intend to participate in and influence the strategic direction, management and operations of ATA, and may discuss its business, governance and capital structure with the board, management and other shareholders. They report no present plans for extraordinary transactions, board changes or delisting, but reserve the right to consider such matters (Schedule 13D, 22 October 2026, Item 4).

An investor rights agreement with ATA places restrictions on transfers of the shares and grants registration rights, including demand rights exercisable six months after closing and piggyback rights (Schedule 13D, 22 October 2026, Item 6).

The filings do not state how ATA will use the subscription proceeds or how the $0.4667 price was set. Loro has made no approach to the company. Figures are as reported in Everrise Holdings' SEC filings.