SENSETIME Completes Placing of New Class B Shrs for $1.995B Net Proceeds
$SENSETIME-W(00020.HK$ announced that a total of 1.673 billion new Class B Shares were placed at the Placing Price of HK$1.2 per Placing Share. The net proceeds from the Placing amounted to HK$1.995 billion.
The Company intends to use such net proceeds mainly for further enhancing the scale of the Company’s industry leading AI infrastructure - SenseCore, supporting the further development of generative AI including large model research and product development.
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