POLY XVERSE IT (00209) proposes to place up to 29.7134 million shares at a discount of approximately 16.05%, aiming to raise net proceeds of approximately HK$9.76 million.

POLY XVERSE IT (00209) announced that on October 2, 2026, the Company proposes to place up to 29.7134 million placing shares, representing approximately 20.00% of the total number of existing issued shares as at the date of this announcement; and approximately 16.67% of the total number of issued shares as enlarged by the allotment and issue of the placing shares. The placing price is HK$0.340 per placing share, representing a discount of approximately 16.05% to the closing price of HK$0.405 per share on October 2. Assuming the placing agent successfully places all the placing shares, the maximum gross proceeds from the placing are estimated to be approximately HK$10.1 million, and the maximum net proceeds from the placing are estimated to be approximately HK$9.76 million. The Company intends to apply the entire net proceeds from the placing to its business operations and the general working capital of the Group.