Hesai(US:HSAI) Ge Long Hui·2025-09-12 08:26Core Viewpoint - Hesai Technology (HSAI.US) shares rose over 2% pre-market, reaching $28.57, following the announcement of the final offering price for its international and Hong Kong public offerings set at HKD 212.8 per share [1] Group 1: Offering Details - The company will issue and allocate an additional 2,550,000 shares, which represents 15% of the total shares initially available for subscription under the global offering, as the offering adjustment rights have been fully exercised [1] - The total gross proceeds from the global offering, before underwriting fees and offering expenses, are expected to be HKD 4.1624 billion [1] Group 2: Use of Proceeds - Approximately 50% of the net proceeds from the global offering will be allocated for research and development investments [1] - About 35% will be used for production capacity investments [1] - Approximately 5% will be directed towards business development [1] - Around 10% will be utilized for working capital and general corporate purposes [1]