Poly Xverse Intelligent Technology Co. LtdHKEX: 209

Supplemental announcement to placing of new shares under general mandate

· Issued by Poly Xverse Intelligent Technology Co. Ltd via HKEXnews

Filed with HKEX · Stock code 209 · · 3 pages · English

Summary by 6ix AI

Poly Xverse Intelligent Technology Co. Ltd has issued a supplemental announcement regarding the placing of new shares under a general mandate, which includes amendments to the placing agreement. The completion of the placing agreement is now subject to a revised long stop date, which has been shortened to allow for quicker fulfillment of conditions. The board emphasizes the necessity of this placing to maintain liquidity without incurring additional debt, given the current financial pressures.

Written by 6ix AI from the company’s filing. How 6ix writes summaries

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