On August 10, HORIZONROBOT-W rose 3.1% in regular trading, trading at HK$5.14/share, with turnover of HK$141 million. The stock rebounded as the market digested dilution pressure from the company's recent share issuance to CARIAD.

On August 3, the company completed the issuance of approximately 1.302 billion Class B ordinary shares to CARIAD at HK$3.99 per share, representing a roughly 20% discount to the prevailing market price. The newly issued shares account for approximately 8.93% of the company's total issued share capital as of June 30. The stock had declined for two consecutive trading days following the completion of the transaction as markets priced in the dilution effect.

The recovery is supported by CARIAD's commitment to a 12-month voluntary lock-up period, with its stake fixed at 9.9%, alleviating near-term selling pressure concerns. The transaction was part of a broader restructuring of the convertible loan agreement, which also involved a US$398.9 million cash payment funded by a US$450 million zero-coupon convertible bond issued in late July.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)