Imperium Technology Group Limited Announces Private Placement of Up to 74.65 Million New Shares to Fund AI Development and Working Capital

Reuters2025-10-17
<a href="https://laohu8.com/S/IPGGF">Imperium Technology</a> Group Limited Announces Private Placement of Up to 74.65 Million New Shares to Fund AI Development and Working Capital

Imperium Technology Group Limited has announced a private placement of up to 74,648,500 new shares under its general mandate. The placement is being arranged by Fortune (HK) Securities Limited. The company plans to use approximately HK$30.35 million, or about 48.67% of the net proceeds, for direct and indirect investment in the development of AI technologies to support its existing businesses. Additionally, around HK$6.0 million will be allocated for rental costs, directors' remuneration, and staff expenses, while approximately HK$4.0 million will be used for legal, professional, and consultancy services as well as other administrative expenses. The company expects the funds allocated for general working capital to be fully utilized within the next twelve months. Negotiations are ongoing regarding a potential financial investment related to AI, with the company expecting to finalize the investment agreement and utilize the relevant proceeds before March 2026.

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