KINGSOFT CLOUD plans to offer 282 million shares of common stock to non-U.S. persons through offshore transactions outside the United States
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KINGSOFT CLOUD plans to offer 282 million shares of common stock to non-U.S. persons outside the United States on September 23, 2025, in accordance with Regulation S of the U.S. Securities Act of 1933. This placement will be subject to market conditions and other factors. The company expects that by December 31, 2028, 80% of the proceeds from the placement will be used to support its artificial intelligence business, and 20% will be used to supplement working capital and for other purposes
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