VisionSys AI Sets Price for 9.2 Million ADSs at $1.30 in Direct Offering
VisionSys AI entered into securities purchase agreements with certain institutional investors for the purchase and sale of 9,230,750 American Depositary Shares, and warrants to purchase up to 9,230,750 ADSs, at a combined offering price of $1.30 per ADS and accompanying warrants. Each warrant will be immediately exercisable upon issuance and expire five years from the date of issuance at an initial exercise price of $1.30 per ADS, subject to adjustment of the exercise price to $0.91 on the First Reset Date and to $0.65 on the Second Reset Date and subject to a floor price therein. The warrants may also be exercised on a zero cash exercise option pursuant to which the holder may exchange each warrant for three ADSs. The gross proceeds to the Company from the registered direct offering are estimated to be approximately $12.0 million before deducting the placement agent's fees and other estimated offering expenses. The offering is expected to close on or about November 13, 2025, subject to the satisfaction of customary closing conditions. Maxim Group is acting as the sole placement agent in connection with the offering.
