Core Viewpoint - TechStar Acquisition Corporation has announced a significant equity financing agreement with Seyond Holdings Ltd. (Tudatong), totaling HKD 370.8 million, to facilitate its SPAC merger and subsequent listing in Hong Kong [2][3]. Group 1: Financing Details - The financing includes a subscription agreement with Nio Nextev Limited, which will conditionally subscribe for 28,672,137 shares at HKD 10 per share, amounting to HKD 286.72 million, representing 2.21% of the post-transaction issued share capital [3]. - Additionally, TechStar has entered into a placement agreement to issue 8,409,500 shares to professional investors at the same price of HKD 10 per share, raising HKD 84.095 million, which accounts for 0.65% of the post-transaction issued share capital [3]. Group 2: Use of Proceeds - The total proceeds from the financing amount to HKD 370.8 million, with net proceeds estimated at approximately HKD 360.5 million after expenses [4]. - The allocation of funds is planned as follows: approximately 60% for R&D of new lidar architecture and software/hardware upgrades, 20% for upgrading existing production lines, 10% for global expansion, and the remaining 10% for general corporate purposes [4]. Group 3: Transaction Conditions - The placement agreement includes several conditions, such as obtaining approval from the stock exchange for the listing of shares and warrants, ensuring at least 100 professional investors at the time of listing, and maintaining the validity of relevant government approvals [4].
达成3.71亿港元股权融资协议,图达通加速借壳港股IPO
Ju Chao Zi Xun·2025-12-05 02:30