Big news out of MemeStrategy: their highly-watched Rights Issue just wrapped up and the results are wild. --------- 1/ Oversubscribed by 964% The company offered ~122.6M new shares to existing holders on a 1-for-2 basis. They received over 1.3 billion share applications. That’s 1,064% demand for what was on offer oversubscribed by nearly 10x. Raised Capital: ~HK$153M ($19.6M) According to prior filings, this capital is earmarked for business expansion. It’s now up to MemeStrategy to show what exactly that means. --------- 2/ Shareholding Structure Remains Intact Ray Chan, via Home Office Development Ltd, maintains 64.31% control, unchanged from before. Public holders now own the remaining 35.69% of shares. That means: No dilution of founder control. ...