META SPACEX (01796) plans to offer a discount of approximately 2.6% to issue 16.7 million subscription shares, raising approximately HK$50 million net.

METASPACEX (01796) announced that on February 13, 2026, the Company entered into a subscription agreement with a subscriber, whereby the Company agreed to issue and allot 16.7 million subscription shares at a subscription price of HK$3.0 per share, as agreed by the subscriber. The subscription price of HK$3.0 per share represents a discount of approximately 2.6% to the closing price of HK$3.08 per share reported by the Stock Exchange on the date of the subscription agreement. The total proceeds from the subscription amount to approximately HK$50.1 million, with a net proceeds of approximately HK$50 million intended for the purposes of collaborating with Guangzhou Xinlun Security Industrial Co., Ltd. in the fields of industrial IoT, industrial software, and smart manufacturing, and/or for general working capital. Assuming no changes in the Company's issued share capital apart from the subscription, the total number of subscription shares will represent approximately 3.5% of the Company's existing issued share capital and approximately 3.4% of the Company's issued share capital after the issuance of the subscription shares. The subscription shares will be issued in accordance with the general mandate for issue of shares.