The company plans to allocate approximately HK$1.3 billion raised from share issuance towards AI development and strategic growth in blockchain and stablecoin sectors.
Fourth Paradigm has confirmed a subscription agreement to issue 25.9 million shares at HK$50.50 each, totaling around HK$1.3 billion. The proceeds will fund R&D in AI and emerging technologies, global expansion, and potential acquisitions in blockchain and stablecoins, with 50% allocated for R&D, 40% for business growth, and 10% for corporate purposes.