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Weimob Inc. has unveiled its intention to issue 688 million new shares, with each share priced at a subscription rate of HK$2.26. Through this move, the company anticipates raising net proceeds amounting to HK$1.555 billion. Regarding the allocation of these funds, approximately 30% is earmarked for delving into the integration and practical application of AI within the SaaS domain. Another 30% will be channeled towards broadening media channels and elevating the precision of marketing services. Additionally, 10% of the proceeds will be dedicated to fueling the growth of overseas business ventures. The remaining 30% will serve to bolster working capital and cater to general corporate needs. It is projected that all the raised funds will be fully utilized by the end of 2027.
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