MemeStrategy (HKG:2440) agreed to issue 49 million new shares to five individual investors for net proceeds of about HK$83.7 million under its general mandate, according to a Nov. 14 Hong Kong bourse filing.

Shares of the firm were up nearly 15% in Monday's midday trade.

The shares will be issued at HK$1.714 apiece, representing an 18.4% discount to the last close and a 20.0% discount to the five-day average.

The new shares represent 13.3% of the existing share capital and 11.8% of the enlarged base.

About half of the net proceeds will be used to acquire Solana tokens for staking within the company's proprietary validators, while the remaining half will fund expansion into real-world-asset initiatives through partnerships, joint ventures, or direct investments, the filing said.