Imperium Technology Group (0776) Announces Updated Share Placement Details, Outlines Proceeds Allocation for AI Development and Investments

Imperium Technology Group Limited (0776) released a supplemental announcement regarding the placing of up to 74,648,500 new shares under a general mandate. According to the updated information, the net proceeds will primarily fund investments in AI-related technologies, a potential financial investment in an AI solutions provider, and general working capital.

The total net proceeds are planned for three main areas. First, approximately HK$30.35 million (48.67% of total net proceeds) is designated for the development of AI within existing operations, namely online gaming and a cryptocurrency-focused segment that includes cloud computing and data storage. Around HK$9.0 million of this portion will be applied to augment AI and machine learning for online game development. About HK$21.35 million will be channeled into the Group’s cryptocurrency and cloud computing activities, with HK$16.50 million specifically dedicated to the TokenTrend application, aiming to enhance its AI-driven data analytics, user engagement tools, and market expansion efforts. The Group targets full usage of the stated amounts by April to June 2026, subject to market conditions.

Second, approximately HK$22.0 million (35.29% of total net proceeds) is earmarked for a potential direct or indirect financial investment in an identified AI solutions provider focused on biotechnology and healthcare. The company is completing due diligence and anticipates finalizing the investment terms before March 2026.

Lastly, around HK$10.0 million (16.04% of total net proceeds) is allocated for general corporate and working capital. This covers rental costs, remuneration, staff expenses, and professional fees. The allocation is expected to be fully utilized within the next twelve months from the date of the initial announcement.

The company indicates that the arrangements maintain its strategic focus on AI-driven innovation across its existing businesses while supporting a targeted financial investment in new AI-based opportunities. All other details in the previous announcement remain unchanged. The company will issue further updates in alignment with regulatory requirements should the potential investment materialize.