XtalPi to Raise HK$2.87 Billion via Zero-Coupon Convertible Bonds for Global Expansion
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XtalPi Holdings Limited plans to raise HK$2.87 billion through zero-coupon convertible bonds due 2027, with an initial conversion price of HK$13.85 per share. The funds will enhance R&D, expand commercialization efforts, and improve delivery capacity. The bonds will be issued under an existing mandate without further shareholder approval, and XtalPi aims for a Hong Kong Stock Exchange listing for the bonds and conversion shares. The latest analyst rating for XtalPi's stock is a Hold with a price target of HK$9.50.
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