Top Standard Corporation (8510) announced that its subscription agreement for new shares under a general mandate has lapsed. According to the company, the conditions set out in the agreement were not fulfilled on or before the long stop date of 11 November 2025, leading to the agreement’s lapse and the termination of the proposed subscription.

The board stated that this development has no material adverse impact on the group’s business, operations, or financial position. The company intends to continue exploring fundraising opportunities and will issue further announcements as appropriate.

Shareholders and potential investors are advised to exercise caution when dealing in the company’s securities.