Seyond (HKG:2665) raised HK$360.5 million in net proceeds from the issue and allotment of 37.08 million permitted equity financing shares at HK$10.00 each, according to an after-market announcement filed on Tuesday.
The placement forms part of the DE-SPAC transaction with TechStar Acquisition Corporation, bringing the total number of issued successor company shares to 1.30 billion upon listing.
Seyond is scheduled to begin trading on the Hong Kong bourse on Wednesday, Dec. 10.
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