On June 10, Deepexi Technology fell 6.05% in regular trading, trading at 49.6 HKD/share, with trading volume of 85.08 million HKD. The stock has now broken below its recent placement price of 50.58 HKD per share, just over ten days after the placement was completed.

The decline was triggered by growing market concerns over the company's capital strategy. Deepexi Technology completed a placement of approximately 7.94 million new H shares on May 28, raising net proceeds of around 395 million HKD. Notably, the company launched this refinancing only seven months after its IPO, while IPO proceeds had not yet been fully deployed, sparking widespread debate regarding the true funding needs and business rationale behind the move.

Sector-wide pressure compounded the selling. Within the Systems Software industry, KNOWLEDGE ATLAS fell 7.83%, MINIMAX-WP dropped 9.04%, and ONEFORCE HLDGS declined 4.88%, reflecting broad weakness across AI-related names and intensifying downward pressure on individual stocks.

(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.)