HK Acquisition Corp. (HK:7841) has released an update.
HK Acquisition Corp. has announced the completion of a de-SPAC transaction involving the placement of 80,000 equity financing shares at HK$10.00 per share, with net proceeds amounting to HK$0.65 million. The company has also secured commitments from PIPE investors to subscribe to 55,124,000 shares, raising HK$551.24 million. Potential investors should note the high concentration of shareholding, which could lead to significant price movements.
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