MEMESTRATEGY (02440) Plans to Issue 49.05 Million Shares at 18.38% Discount, Raising HK$83.72 Million Net

Stock News
Nov 14, 2025

MEMESTRATEGY (02440) announced that on November 14, 2025 (after trading hours), the company (as the issuer) entered into five subscription agreements with five subscribers for the issuance of a total of 49.05 million subscription shares at HK$1.714 per share. The gross proceeds from the subscription will amount to approximately HK$84.07 million (US$10.82 million). After deducting all related costs and expenses, the net proceeds are expected to be around HK$83.72 million, with a net issue price of approximately HK$1.707 per share. The subscription price of HK$1.714 per share represents an 18.38% discount to the closing price of HK$2.10 per share on the Hong Kong Stock Exchange as of the subscription agreement date. The 49.05 million subscription shares represent approximately 13.33% of the company's existing issued share capital as of the announcement date and about 11.76% of the enlarged issued share capital post-subscription (assuming no other changes to the issued share capital apart from the subscription shares). The total nominal value of the subscription shares will be US$490,500.

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