---
title: "CRYPTO FLOW has completed the issuance of a total of 32 million placement shares"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/265320388.md"
description: "CRYPTO FLOW completed a placement of 32 million shares on November 11, 2025, accounting for approximately 4.5% of the company's expanded issued share capital. The total amount raised from this placement is approximately HKD 99.5 million, with a net amount of approximately HKD 99.2 million. The funds will be used for ChainStream technology development and platform expansion (50%), acquisition and integration support (25%), enhancement of R&D capabilities (4%), and general working capital (21%)"
datetime: "2025-11-11T11:04:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/265320388.md)
  - [en](https://longbridge.com/en/news/265320388.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/265320388.md)
---

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# CRYPTO FLOW has completed the issuance of a total of 32 million placement shares

According to the Zhitong Finance APP, CRYPTO FLOW (08198) announced that as of November 11, 2025, all the conditions precedent set out in the placement agreement (including the supplemental placement agreement, the second supplemental placement agreement, the third supplemental placement agreement, the fourth supplemental placement agreement, and the fifth supplemental placement agreement) have been fulfilled, and the placement has been completed on November 11, 2025. A total of 32 million placement shares (accounting for approximately 4.5% of the company's issued share capital of 718 million shares after the placement) have been allotted and issued to no less than six independent placees at the placement price in accordance with the terms and conditions of the placement agreement. The total proceeds from the placement and the net proceeds (after deducting placement commissions and other related costs and expenses) are approximately HKD 99.5 million and approximately HKD 99.2 million, respectively.

The company will allocate the net proceeds as follows: approximately 50% for the technology development and platform expansion of ChainStream; approximately 25% for integration support after acquisitions; approximately 4% for continuous enhancement of research and development capabilities; and the remaining approximately 21% for the group's general working capital

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