May. 13 at 11:46 AM
$HAO Silver lining is that the worst is over and they diluted 40m less shares than previously announced? 🤷🏼♂️ There’s nothing bullish about any of this - was simply hoping for some sort of bounce that either won’t come or hasn’t come yet…
“The offering closed on May 12, 2026, at which time Haoxi issued 146,445,353 Class A ordinary shares, including 9,000,000 new shares sold in the deal and 137,445,353 shares from the exercise of 13,273,332 pre-funded warrants, bringing its total outstanding share capital to 205,198,381 Class A and 690,800 Class B shares as of that date. Directors, officers, and major shareholders have agreed to 90-day lock-ups, and the company plans to use the net proceeds for working capital and general corporate purposes, meaning existing investors face notable dilution but the balance sheet gains additional liquidity to fund ongoing operations.“
