WEB3 META (08093) intends to issue 8.2464 million shares for subscription at a discount of approximately 19.19%, with a net raise of approximately HK$12.8 million.

WEB3 META (08093) announced that on September 15, 2025 (after trading hours), the company entered into a subscription agreement with subscriber Invengo Technology Pte. Ltd. Accordingly, the company has conditionally agreed to issue and issue shares, while the subscriber has conditionally agreed to subscribe for the shares at a subscription price of HK$1.6 per share, which represents a discount of approximately 19.19% to the theoretical closing price of HK$1.98 per share for the merged shares on the date of the subscription agreement (equivalent to HK$0.099 per share of the share price). Assuming the merger of shares has been completed on the date of this announcement, the subscribed shares (a total of 8.2464 million shares of merged shares) will represent (i) approximately 20.00% of the company's issued share capital as at the date of this announcement; and (ii) approximately 16.67% of the company's issued share capital as enlarged by the subscribed shares. The estimated total proceeds and net proceeds from the subscription of shares are expected to be approximately HK$132 million and HK$128 million, respectively. The company intends to use the net proceeds (i) to repay borrowings and (ii) for general working capital and business expansion purposes within the group.