Imperium Technology Group Limited has unveiled a non-underwritten rights issue to raise up to HK$42.55 million through the issuance of as many as 223.95 million new shares.
Key Terms • Basis: One rights share for every two existing shares held on the 14 July 2026 record date. • Subscription price: HK$0.19 per share, representing a 66.67% discount to the HK$0.57 closing price on the last trading day (22 June 2026) and a 67.24% discount to the five-day average closing price prior to that date. • Maximum new shares: 223.95 million, expanding total shares in issue to 671.84 million upon full subscription. • Board lot: 5,000 shares (effective since 15 July 2026). • Trading of nil-paid rights: 31 July–7 August 2026; final acceptance and payment deadline: 12 August 2026. • Listing of fully-paid rights shares: expected on 3 September 2026.
Fund-Raising Structure The offer is not underwritten. Unsubscribed rights shares, including those attributable to non-qualifying shareholders, will be placed on a best-efforts basis by Advent Securities (Hong Kong) Limited. Any premium realised (net of placing costs) will be distributed to entitled shareholders, provided the amount exceeds HK$100.
Proceeds Allocation (Net HK$40.55 million) • Online game business initiatives: HK$9.33 million (23.01%). • Esports expansion and merchandising: HK$6.22 million (15.34%). • General working capital, mainly staff costs, rentals and professional fees: HK$25.00 million (61.65%).
Financial Impact Post-issue, the Group’s pro-forma net tangible liabilities are projected to narrow from HK$131.99 million to HK$90.90 million, with cash and cash equivalents rising to approximately HK$47.58 million.
Conditions & Risks The rights issue is subject to Stock Exchange approval for listing of the rights shares and other customary conditions. As the offer is non-underwritten, any shortfall will reduce the final funds raised, and the transaction may lapse if conditions are unmet.
Background Imperium Technology Group is engaged in mobile and computer game publishing, cloud computing and data storage solutions, and esports operations. The company reported a HK$64.75 million net loss for the fifteen months ended 31 March 2026 and recorded net liabilities of HK$129.41 million.