POLY XVERSE IT Completes Placement of 29.71 Million Shares, Raising Net Proceeds of About HK$10.35 Million

Stock News10-23

POLY XVERSE IT (00209) announced that all conditions precedent under the placing agreement have been fulfilled, and the placing was completed on October 23, 2026, in accordance with the terms and conditions of the placing agreement as amended and supplemented by the supplemental agreement.

A total of 29.71 million placing shares were successfully placed to not fewer than six placees, representing approximately 16.67% of the company's issued share capital as at the date of this announcement immediately following completion, at an adjusted placing price of HK$0.360 per placing share.

The gross proceeds from the placing amounted to approximately HK$10.7 million, while the net proceeds from the placing were approximately HK$10.35 million.

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