VisionSys AI prices $12 million registered direct offering

VisionSys AI Inc. (NASDAQ: VSA) announced it has entered into securities purchase agreements with institutional investors for a registered direct offering expected to generate approximately $12.0 million in gross proceeds.

The brain-machine interaction technology company will sell 9,230,750 American Depositary Shares and accompanying warrants at a combined offering price of $1.30 per share. Each warrant becomes immediately exercisable upon issuance and expires five years from the issuance date.

The warrants carry an initial exercise price of $1.30 per ADS, with adjustments to $0.91 on the First Reset Date and $0.65 on the Second Reset Date, subject to a floor price. Warrant holders may also use a zero cash exercise option to exchange each warrant for three ADSs.

Maxim Group LLC serves as the sole placement agent for the transaction. The offering is scheduled to close on or about November 13, 2025, pending satisfaction of customary closing conditions.

The securities are being offered under a shelf registration statement on Form F-3 that was declared effective by the Securities and Exchange Commission on August 21, 2025. The company will file a prospectus supplement with the SEC relating to the offering.

VisionSys AI specializes in brain-machine interaction businesses using core algorithms and related software and hardware systems. The company focuses on AI-powered healthcare and biotech solutions.

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