CRYPTO FLOW (08198) Completes Placement of 32 Million Shares

Stock News
Nov 11

CRYPTO FLOW (08198) announced that on November 11, 2025, all conditions precedent under the placement agreement (as supplemented by the first to fifth supplemental agreements) were fulfilled, and the placement was completed. A total of 32 million placement shares, representing approximately 4.5% of the company's enlarged issued share capital of 718 million shares post-completion, were allotted and issued to no fewer than six independent placees in accordance with the terms of the placement agreement.

The gross proceeds and net proceeds (after deducting commissions and related expenses) from the placement amounted to approximately HKD 99.5 million and HKD 99.2 million, respectively. The net proceeds will be allocated as follows: approximately 50% for the technological development and platform expansion of ChainStream, 25% for post-acquisition integration support, 4% for ongoing R&D enhancement, and the remaining 21% for general working capital purposes.

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