String Metaverse OFS successful; Board to consider bonus issue

String Metaverse Limited announced the successful completion of its Offer for Sale (OFS), which saw strong investor participation. Non-retail investors subscribed approximately 149%, while retail investors significantly oversubscribed their portion by about 495%. This success is expected to bring the company into compliance with Minimum Public Shareholding (MPS) requirements. Following this, the Board of Directors is scheduled to meet on April 29, 2026, to consider a proposal for a bonus equity issue. The proposed bonus issue aims to reward public shareholders, enhance public shareholding and market liquidity, and align the company's ownership structure, with promoters potentially forgoing their entitlement to further increase public shareholding.