TECHSTARACQ-Z (07855): Seyond Holdings Ltd. has finalized financing of approximately HK$371 million, with NIO Group (09866) subscribing an additional HK$286.7 million.

Intelligence Finance APP News, TECHSTARACQ-Z (07855) announced that on December 4, 2025, TechStar and the target company Seyond Holdings Ltd. entered into a subscription agreement with Nio Nextev Limited that is substantially similar to the format of the PIPE investment agreement. As per this agreement, the target company (in its capacity as the successor company) has conditionally agreed to issue a total of approximately 28.6721 million shares of the successor company to Nio Nextev Limited, representing 2.21% of the total share capital of the successor company post-delivery. The total subscription price is approximately HK$286.7 million, with a price of HK$10.00 per share of the successor company, to be completed concurrently with the delivery. In addition, it is proposed to offer 8.4095 million PEF placement shares to professional investors through multiple capital market intermediaries, raising HK$84.095 million.