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SENSETIME-W Places Shrs at ~8.6% Discount w/ Net Proceeds $3.23B
Recommend 50 Positive 87 Negative 59 |
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SENSETIME-W (00020.HK) announced the placement of 1.7 billion shares, representing approx. 4.09% of the enlarged number of Class B shares and approx. 4.04% of the number of issued shares. The placing price is $1.91 per share, representing a discount of approx. 8.61% to yesterday (16th)'s closing price of $2.09. The Company expected net proceeds from the placing will be approx. $3.23 billion. About 40% of the net proceeds will be used to expand the scale of SenseCore, its AI infrastructure, with focus on the scaling up of the domestic AI supercomputing clusters empowered by domestic chips, as well as to enhance the offerings of its domestic AI cloud stack, providing infrastructure for AI token plan. Approximately 30% will be used to support its R&D of generative AI, with a core focus on the continuous innovation of its SenseNova series so as to lead globally, including but is not limited to the development of its native multimodality large model built on the proprietary NEO architecture, as well as to scale up the offerings of its AI token plan to realize commercialization. About 20% will be used to continuously explore the integration and application of AI technology in vertical scenarios, including but not limited to embedding native AI into education, software as a service (SaaS), software embedded hardware, etc.. 10% will be used as general working capital. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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