04/29/2024 | Press release | Distributed by Public on 04/29/2024 11:38
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ABOUT THIS PROSPECTUS SUPPLEMENT
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| | | | S-1 | | |
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CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
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| | | | S-3 | | |
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PROSPECTUS SUPPLEMENT SUMMARY
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| | | | S-5 | | |
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THE OFFERING
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| | | | S-11 | | |
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RISK FACTORS
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| | | | S-13 | | |
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USE OF PROCEEDS
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| | | | S-16 | | |
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DESCRIPTION OF THE WARRANTS
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| | | | S-17 | | |
| CAPITALIZATION | | | | | S-18 | | |
| DILUTION | | | | | S-19 | | |
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MATERIAL TAX CONSIDERATIONS
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| | | | S-20 | | |
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PLAN OF DISTRIBUTION
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| | | | S-27 | | |
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LEGAL MATTERS
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| | | | S-28 | | |
| EXPERTS | | | | | S-29 | | |
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WHERE YOU CAN FIND MORE INFORMATION
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| | | | S-30 | | |
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INCORPORATION OF INFORMATION BY REFERENCE
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| | | | S-31 | | |
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ABOUT THIS PROSPECTUS
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| | | | 1 | | |
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OUR COMPANY
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| | | | 3 | | |
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CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
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| | | | 9 | | |
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RISK FACTORS
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| | | | 11 | | |
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OFFER STATISTICS AND EXPECTED TIMETABLE
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| | | | 12 | | |
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USE OF PROCEEDS
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| | | | 13 | | |
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CAPITALIZATION
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| | | | 14 | | |
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DESCRIPTION OF SHARE CAPITAL
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| | | | 15 | | |
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DESCRIPTION OF AMERICAN DEPOSITARY SHARES
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| | | | 25 | | |
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DESCRIPTION OF WARRANTS
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| | | | 35 | | |
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DESCRIPTION OF OVERALLOTMENT PURCHASE RIGHTS
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| | | | 36 | | |
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DESCRIPTION OF SUBSCRIPTION RIGHTS
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| | | | 37 | | |
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DESCRIPTION OF UNITS
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| | | | 38 | | |
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DESCRIPTION OF CAPITAL NOTES
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| | | | 39 | | |
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DESCRIPTION OF DEBT SECURITIES
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| | | | 40 | | |
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TAXATION
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| | | | 46 | | |
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PLAN OF DISTRIBUTION
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| | | | 47 | | |
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WHERE YOU CAN FIND MORE INFORMATION
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| | | | 49 | | |
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INCORPORATION BY REFERENCE
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| | | | 50 | | |
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ENFORCEABILITY OF CIVIL LIABILITIES
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| | | | 51 | | |
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LEGAL MATTERS
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| | | | 53 | | |
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EXPERTS
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| | | | 54 | | |
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OFFERING EXPENSES
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| | | | 55 | | |
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As of February 29, 2024
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Actual
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As Adjusted
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$'000
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$'000
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Shareholders' equity | | | | | | | | | | | | | |
Share capital
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| | | | 3 | | | | | | 3 | | |
Additional paid-in capital
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| | | | 174,717 | | | | | | 199,554 | | |
Accumulated other comprehensive loss
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| | | | (476) | | | | | | (476) | | |
Accumulated losses
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| | | | (75,025) | | | | | | (75,025) | | |
Total shareholders' equity
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| | | | 99,219 | | | | | | 124,056 | | |
Total capitalization
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| | | | 99,219 | | | | | | 124,056 | | |
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Offering price per ADS and Warrant
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| | | | | | | | | $ | 38.38 | | |
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Net tangible book value per ADS as of February 29, 2024
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| | | $ | 3.34 | | | | | | | | |
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Increase in net tangible book value per ADS attributable to this offering
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| | | $ | 0.74 | | | | | | | | |
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As adjusted net tangible book value per ADS after this offering
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| | | | | | | | | $ | 4.08 | | |
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Net dilution per ADS to new investors purchasing the ADSs and Warrants in this offering
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| | | | | | | | | $ | 34.30 | | |
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Page
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ABOUT THIS PROSPECTUS
|
| | | | 1 | | |
OUR COMPANY
|
| | | | 3 | | |
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
|
| | | | 9 | | |
RISK FACTORS
|
| | | | 11 | | |
OFFER STATISTICS AND EXPECTED TIMETABLE
|
| | | | 12 | | |
USE OF PROCEEDS
|
| | | | 13 | | |
CAPITALIZATION
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| | | | 14 | | |
DESCRIPTION OF SHARE CAPITAL
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| | | | 15 | | |
DESCRIPTION OF AMERICAN DEPOSITARY SHARES
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| | | | 25 | | |
DESCRIPTION OF WARRANTS
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| | | | 35 | | |
DESCRIPTION OF OVERALLOTMENT PURCHASE RIGHTS
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| | | | 36 | | |
DESCRIPTION OF SUBSCRIPTION RIGHTS
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| | | | 37 | | |
DESCRIPTION OF UNITS
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| | | | 38 | | |
DESCRIPTION OF CAPITAL NOTES
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| | | | 39 | | |
DESCRIPTION OF DEBT SECURITIES
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| | | | 40 | | |
TAXATION
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| | | | 46 | | |
PLAN OF DISTRIBUTION
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| | | | 47 | | |
WHERE YOU CAN FIND MORE INFORMATION
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| | | | 49 | | |
INCORPORATION BY REFERENCE
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| | | | 50 | | |
ENFORCEABILITY OF CIVIL LIABILITIES
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| | | | 51 | | |
LEGAL MATTERS
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| | | | 53 | | |
EXPERTS
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| | | | 54 | | |
OFFERING EXPENSES
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| | | | 55 | | |
Service
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Fees
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To any person to which ADSs are issued or to any person to which a distribution is made in respect of ADS distributions pursuant to stock dividends or other free distributions of stock, bonus distributions, stock splits or other distributions (except where converted to cash)
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| | Up to US$0.05 per ADS issued | |
•
Cancellation of ADSs, including the case of termination of the deposit agreement
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| | Up to US$0.05 per ADS cancelled | |
•
Distribution of cash dividends
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| | Up to US$0.05 per ADS held | |
•
Distribution of cash entitlements (other than cash dividends) and/or cash proceeds from the sale of rights, securities and other entitlements
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| | Up to US$0.05 per ADS held | |
•
Distribution of ADSs pursuant to exercise of rights.
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| | Up to US$0.05 per ADS held | |
•
Distribution of securities other than ADSs or rights to purchase additional ADSs
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| | Up to US$0.05 per ADS held | |
•
Depositary services
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| | Up to US$0.05 per ADS held on the applicable record date(s) established by the depositary bank | |
If we:
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Then:
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Change the nominal or par value of our ordinary shares | | | The cash, shares or other securities received by the depositary will become deposited securities. | |
Reclassify, split up or consolidate any of the deposited securities | | | Each ADS will automatically represent its equal share of the new deposited securities. | |
Distribute securities on the ordinary shares that are not distributed to you, or Recapitalize, reorganize, merge, liquidate, sell all or substantially all of our assets, or take any similar action | | | The depositary may distribute some or all of the cash, shares or other securities it received. It may also deliver new ADSs or ask you to surrender your outstanding ADRs in exchange for new ADRs identifying the new deposited securities. | |
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SEC registration fee
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| | | $ | 33,060.00 | | |
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FINRA filing fee
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| | | $ | 500.00 | | |
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Printing expenses
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| | | | * | | |
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Legal fees and expenses
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| | | | * | | |
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Accounting fees and expenses
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| | | | * | | |
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Transfer agent and trustee fees and expenses
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| | | | * | | |
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Miscellaneous
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| | | | * | | |
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Total
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| | | | * | | |