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SENSETIME-W Plans to Place New Class B Shrs at 6.25% Discount, Raising Net Proceeds of $2.498B
Recommend 64 Positive 120 Negative 56 |
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SENSETIME-W (00020.HK) announced plans to place 1.67 billion new Class B Shares at a price of $1.5 per share, representing a discount of 6.25% discount to yesterday (23rd)'s closing price of $1.6. The gross and net proceeds from the share placement will be $2.5 billion and $2.498 billion, respectively. The placed shares represent approximately 4.38% of the number of issued Class B Shares and 4.31% of the number of issued shares as enlarged by the allotment and issue of the subscription shares. 30% of the net proceeds will be used to support the development of the Company's core businesses, including building an industry-leading AI Cloud and continuously expanding the scale and scenario coverage of the Company's AI infrastructure, SenseCore; 30% will be used to support the R&D of Generative AI; 20% will be dedicated to exploring the integration and application of AI in innovative fields, includes, but is not limited to, exploring areas such as embodied intelligence robotics, blockchain, real-world assets (RWA), digital assets and stablecoins, independently or in collaboration with strategic partners, as well as obtaining relevant qualifications, and to applying AI large models in risk control and settlement in digital finance; 20% will be used as the Company's general working capital. AASTOCKS Financial News Website: www.aastocks.com |
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