HBM Holdings Acquires 3.8% Stake in Spruce Biosciences

Reuters01-19
HBM Holdings Acquires 3.8% Stake in <a href="https://laohu8.com/S/SPRB">Spruce Biosciences</a>

HBM Holdings Ltd. has exercised a warrant under its license and collaboration agreement with Spruce Biosciences Inc., resulting in an equity investment in Spruce. Following the exercise of the warrant on January 19, 2026, HBM Holdings and its affiliate HBM Alpha Therapeutics now hold approximately 3.8% of Spruce’s total outstanding shares and about 3.1% of its fully diluted shares, based on figures as of September 30, 2025. The transaction does not trigger any reporting, announcement, or shareholders' approval requirements under Chapter 14 of the Hong Kong Listing Rules, as none of the applicable percentage ratios reach 5% or more.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HBM Holdings Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260119-11994196), on January 19, 2026, and is solely responsible for the information contained therein.

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