Fenbo Holdings (FEBO) board OKs 20M unit and warrant plan approval
Rhea-AI Filing Summary
Fenbo Holdings Limited reported that its Board of Directors met at the company’s Hong Kong headquarters on September 3, 2025. At this meeting, the Board approved the allotment and issuance of up to 20,000,000 units. Each unit will consist of one ordinary share with a par value of US$0.0001, or at the allottee’s election one pre-funded warrant instead of that share, plus two additional warrants. Each of these warrants entitles its holder to purchase one ordinary share of the company, creating a potential future source of additional share issuance if exercised.
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Insights
Fenbo’s board approves a sizable multi-part unit structure enabling future share and warrant issuance.
The Board of Fenbo Holdings Limited approved the allotment and issuance of up to 20,000,000 units. Each unit includes either one ordinary share or a pre-funded warrant chosen by the allottee, plus two warrants, and each warrant can be exercised for one ordinary share. This structure creates several layers of potential future equity issuance.
The mix of ordinary shares, pre-funded warrants, and additional warrants means actual dilution will depend on how many units are issued, whether allottees choose shares or pre-funded warrants, and how many warrants are later exercised. The decision signals board-level authorization for a flexible securities structure that can be used for capital raising or other purposes as determined by the company.