Horizon Robotics: Turning Point with Successful Capital Increase

The Chinese provider of autonomous driving solutions, Horizon Robotics, has successfully raised approximately 821 million US dollars through a capital increase via a so-called top-up placement in Hong Kong. This development marks a significant milestone for the company on its path towards further expansion. In total, the placement comprises a final offering size of 639 million Class B common shares at a price of 9.99 HK dollars per share. This price represents a discount of 5.8% compared to the last closing price of Horizon Robotics shares on the previous Thursday, as indicated by the provided documents. This capital increase not only strengthens Horizon Robotics' financial power but also underscores the continued confidence of investors in the company's innovative strength and future market position in the field of autonomous driving technologies.