WEIMOB INC (02013) Completes Issuance of 172 Million Subscription Shares

Stock News
Nov 06

WEIMOB INC (02013) announced that all conditions precedent for the first B tranche subscription under the subscription agreement (as amended by the supplemental agreement) have been fulfilled or waived (where applicable). The first B tranche subscription was completed on November 6, 2025, in accordance with the terms of the subscription agreement (as amended).

Additionally, all conditions under the placement agreement (as amended by the supplemental agreement) have been satisfied, and the placement of the first B tranche subscription shares was finalized on the same date.

A total of 172 million subscription shares were issued at a price of HK$2.26 per share, in compliance with the terms of the subscription agreement (as amended). Following the completion of the first B tranche subscription, the company's public float will remain at no less than 25% of its total issued shares post-expansion.

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