Synagistics posts stable share base for March 2026, confirms public-float compliance

Bulletin Express
04/09

Synagistics Limited (formerly HK Acquisition Corporation) filed its Monthly Return with Hong Kong Exchanges and Clearing covering the period to 31 March 2026.

Authorised and issued share capital • Authorised share capital remained unchanged at 1.10 billion ordinary shares with a par value of HKD 0.0001, equivalent to HKD 110,000. • Issued share count was steady at 458.20 million shares, and the company held no treasury shares.

Public-float position The company affirmed compliance with the Main Board’s minimum 25% public-float requirement as at 31 March 2026.

Equity-linked instruments 1) Share Award Scheme – Outstanding options: 556,600 units, unchanged month-on-month. – Maximum shares that could be issued upon full exercise: 34.17 million.

2) Warrants – Successor SPAC Warrants (stock code 02461): 120,750 units outstanding; subscription price HKD 11.50; expiry 30 Oct 2029. – Successor Promoter Warrants: 15.70 million units outstanding; same subscription terms and expiry. – No warrant exercises were recorded during the month.

3) Additional share-issuance arrangements – Founder Earn-out Agreement: up to 52.10 million shares may be issued between October 2025 and October 2030, subject to performance conditions. – Restricted Share Units under the Share Award Scheme: up to 4.59 million shares available for future issuance.

No convertibles, share cancellations, repurchases, or other share movements occurred in March. All board and regulatory confirmations required under Hong Kong listing rules were provided in the filing.

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