Moon Inc. completes HK$52.4m convertible note and share issuance

Moon Inc. announced the completion of its new share and convertible notes issuance under the general mandate on October 22, 2025. The company allotted and issued 3,272,000 subscription shares at a price of HK$4.01 per share to subscribers.

In addition to the new shares, convertible notes with an aggregate principal amount of HK$52,377,600 were also issued to subscribers. The completion of this issuance has altered the company's shareholding structure. Immediately after completion, the total number of shares increased to 478,272,000 from 475,000,000.

Upon full conversion of the convertible notes, the total shares outstanding are projected to reach 488,747,520. Key shareholders such as 210K Capital, LP, Sora Valkyrie Limited, and Allied Top Investments Limited will see their percentage holdings slightly adjusted. New subscribers will hold 0.69% immediately after completion and 2.81% upon full conversion.