Prenetics Announces $48.0 Million Equity Offering to Fuel IM8’s Global Expansion and Bitcoin Treasury Strategy

Core Viewpoint - Prenetics Global Limited has successfully priced a public offering to raise approximately $48 million, which will be used for global expansion and strategic Bitcoin accumulation as part of its health and wealth strategy [1][3]. Group 1: Offering Details - The offering includes 2,992,596 Class A ordinary shares and associated warrants at a combined price of $16.08 per share [1]. - Class A Common Warrants have an exercise price of $24.12 per share, while Class B Common Warrants are priced at $32.16 per share, representing premiums of 50% and 100% respectively [2]. - The offering is expected to close on October 28, 2025, pending customary closing conditions [3]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated to the global expansion of IM8, Prenetics' flagship consumer brand, which has achieved rapid growth [3]. - The company is also focusing on accumulating Bitcoin, having established a Bitcoin Treasury and purchasing 1 Bitcoin per day, totaling 275 BTC as of October 27, 2025 [8]. Group 3: Company Background - Prenetics is recognized as a leading health sciences company, co-founded with David Beckham, and has rapidly grown its IM8 brand to reach $100 million in annual recurring revenue within 11 months of launch [7]. - The company is pioneering the intersection of health innovation and digital assets, positioning itself uniquely in the market [8].