Infinities Technology Extends Share Placing Deadline and Raises Offer Price

Infinities Technology International (Cayman) Holding Limited ( (HK:1961) ) has shared an update.

Infinities Technology International has extended the long stop date for its planned placing of up to 146.86 million new shares under a general mandate from 25 March 2026 to 15 April 2026, giving its placing agent more time to secure investors. The company simultaneously raised the placing price from HK$0.35 to HK$0.425 per share, a level set at a discount to recent market prices but deemed fair and reasonable by the board.

Assuming the placing is fully subscribed, the group expects to raise adjusted gross proceeds of about HK$62.4 million, with net proceeds of roughly HK$61.8 million after expenses. It plans to allocate around 40% of the funds to general working capital, and 60% to further research and development of gaming and AI products and to strengthening and diversifying its gaming segment and traffic on its advertising platform, underpinning future growth in its core digital businesses.

The most recent analyst rating on (HK:1961) stock is a Sell with a HK$0.26 price target. To see the full list of analyst forecasts on Infinities Technology International (Cayman) Holding Limited stock, see the HK:1961 Stock Forecast page.

More about Infinities Technology International (Cayman) Holding Limited

Infinities Technology International (Cayman) Holding Limited is a Hong Kong-listed technology company active in gaming and artificial intelligence products. The group operates an advertising platform and focuses on developing and monetising gaming-related services, while supporting its operations with recurring staff, rental, and administrative expenditures.

Average Trading Volume: 729,080

Technical Sentiment Signal: Buy

Current Market Cap: HK$389.2M

See more data about 1961 stock on TipRanks’ Stock Analysis page.