Moon Inc. (1723) reported the completion of its new share and convertible note issuance under a general mandate. According to the company’s announcement, the completion took place on 22 October 2025 after the relevant conditions were satisfied, following earlier announcements on 23 April 2025 and 8 October 2025.

A total of 3,272,000 new shares were allotted at HK$4.01 per share. Convertible notes with an aggregate principal amount of HK$52,377,600 were issued at the same time. As a result of the subscription, the company’s total issued shares increased from 475,000,000 to 478,272,000. If the convertible notes are fully converted, the number of shares would further rise to 488,747,520.

The shareholding structure after the completion reflects a marginal shift for major shareholders. Under full conversion, 210K Capital, LP would hold approximately 24.77%, Sora Valkyrie Limited 24.05%, Allied Top Investments Limited 14.56%, and Top Legend SPC 9.49%. The subscribers in aggregate would hold around 2.81%, with other public shareholders comprising 24.32% of the total issued shares.