Intchains Group Limited Announces Closing of Registered Direct Offering of its ADSs and Warrants

Core Viewpoint - Intchains Group Limited has successfully closed a US$1.0 million registered direct offering to enhance its operations in the altcoin mining sector and support its long-term strategic goals [1][3]. Group 1: Offering Details - The offering involved the sale of 361,011 American Depositary Shares (ADSs) at a price of US$2.77 per ADS, along with warrants to purchase an equal number of ADSs at the same price [2][3]. - Gross proceeds from the offering amounted to US$1.0 million, which will primarily be used for upgrading altcoin mining machines, with remaining funds allocated to working capital and general corporate purposes [3]. Group 2: Institutional Investor Agreement - An Institutional Investor has the option to purchase an additional US$1.0 million of ADSs under a Purchase Agreement, exercisable within 60 days from March 27, 2025 [4]. - This option can be exercised in whole or in part, reflecting the investor's confidence in the company's long-term value [4][5]. Group 3: Company Outlook - The CEO of Intchains Group Limited expressed gratitude towards the Institutional Investor, highlighting the company's positive operational results in 2024 and the anticipated strong performance in the first half of 2025 due to the launch of the AE BOX series mining machines [5]. - The company aims to deliver long-term returns to shareholders and enhance its recognition in the market [5]. Group 4: Regulatory Information - The ADSs and Warrants were offered under a registration statement filed with the U.S. Securities and Exchange Commission, which was declared effective on August 5, 2024 [6]. - A prospectus supplement related to this offering was filed on March 26, 2025 [6]. Group 5: Company Overview - Intchains Group Limited specializes in altcoin mining products, strategic acquisition of Ethereum-based cryptocurrencies, and development of innovative Web3 applications [9].