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Virtual Mind Holding Company Limited ( (HK:1520) ) just unveiled an announcement.
Virtual Mind Holding Company Limited has entered into a First Subscription Agreement with an investor under an existing share subscription facility, agreeing to allot and issue up to 8 million new shares at HK$0.85 each and to grant warrants to subscribe for up to 31 million additional shares. The new subscription shares, representing less than 1% of the enlarged share capital, will raise up to HK$7.36 million and are priced at a discount to recent market prices, while the zero‑priced warrants are exercisable at a substantial premium to the current share price, a structure the board deems fair and beneficial to shareholders by providing immediate funding with potential future capital inflow on warrant exercise and limited dilution at current market levels.
The most recent analyst rating on (HK:1520) stock is a Hold with a HK$0.90 price target. To see the full list of analyst forecasts on Virtual Mind Holding Company Limited stock, see the HK:1520 Stock Forecast page.
More about Virtual Mind Holding Company Limited
Virtual Mind Holding Company Limited is a company listed on the Hong Kong Stock Exchange (Stock Code: 1520), incorporated in the Cayman Islands with limited liability. It issues shares and warrants as part of its capital management and financing activities, tapping equity markets to support its corporate and operational needs.
Average Trading Volume: 2,905,462
Technical Sentiment Signal: Hold
Current Market Cap: HK$875.7M
For detailed information about 1520 stock, go to TipRanks’ Stock Analysis page.