Apollomics announces $10M private placement of Class A shares

Apollomics Inc. (NASDAQ: APLM) has entered into definitive subscription agreements for a private placement of approximately $10.0 million, with closing expected on or about Aug. 14, 2026, subject to customary closing conditions.

The transaction involves the issuance of up to 700,001 Class A ordinary shares at a par value of $0.01 per share, structured in two tranches. The first tranche consists of cash subscriptions for 533,334 Class A shares at $15.00 per share, generating approximately $8.0 million in gross cash proceeds before fees and expenses. The second tranche involves the automatic conversion of a $2.0 million unsecured convertible promissory note, dated March 30, 2026, held by Chairman and Chief Executive Officer Hung-Wen (Howard) Chen, at a conversion price of $12.00 per share, resulting in the issuance of 166,667 Class A shares.

Participants in the cash portion include unaffiliated accredited investors as well as company insiders, including CEO Hung-Wen (Howard) Chen, CFO Peter Kuan-How Lin, and Maxpro Investment Co., Ltd., an affiliate of Chief Operating Officer Yi-Kuei (Alex) Chen. No placement agents or underwriters were used, and no finder's fees or commissions are payable.

The Class A shares have not been registered under the Securities Act of 1933 and are being issued under an exemption from registration. The shares will be restricted securities subject to customary holding periods under Rule 144.

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