🔴 Z.AI is trading 4.17% down today amid renewed dilution concerns from HK$5 billion fundraising

Z.AI is trading 4.17% down now at HK$747.50 after renewed concern over dilution from its HK$5 billion fundraising.

• The financing includes 21.97 million shares priced at HK$714.
• It also includes approximately $3 billion in convertible bonds.
• The discounted placement and potential share conversion continue weighing on sentiment after the recent rebound.