Antalpha Announces Pricing of Initial Public Offering

Rhea-AI Summary

Antalpha Platform Holding Company has announced the pricing of its initial public offering (IPO) of 3,850,000 ordinary shares at $12.80 per share. The company's shares will trade on the Nasdaq Global Market under the symbol "ANTA" starting May 14, 2025.

The company expects to raise gross proceeds of approximately $49.3 million, potentially reaching $56.7 million if the underwriters exercise their 30-day over-allotment option for additional 577,500 shares. The funds will be used for general corporate purposes, product development, global expansion, loan operations, and notably, investments in Bitcoin and gold as part of treasury management.

Roth Capital Partners and Compass Point are serving as joint book-running managers for the offering, which is expected to close on May 15, 2025.

Positive

• IPO expected to raise up to $56.7 million in gross proceeds
• Listing on major exchange (Nasdaq Global Market) increases visibility and trading access
• Diverse use of proceeds including product development, global expansion, and technology infrastructure
• Strategic treasury management plan including Bitcoin and gold investments

Negative

• Relatively small IPO size might limit institutional investor interest
• Cryptocurrency and digital gold investment strategy carries significant market volatility risks
• No specific allocation percentages provided for use of proceeds

Insights

Financial IPO Specialist

Antalpha's IPO raises $49.3M at $12.80/share with plans to invest proceeds in operations, Bitcoin and gold for treasury management.

Antalpha has successfully priced its initial public offering at $12.80 per ordinary share, offering 3,850,000 shares to raise approximately $49.3 million in gross proceeds. The company will begin trading on the Nasdaq Global Market under ticker symbol "ANTA" on May 14, with the offering expected to close the following day.

The underwriters (Roth Capital Partners and Compass Point) have a 30-day option to purchase an additional 577,500 shares, which could increase total proceeds to approximately $56.7 million if fully exercised. This offering size positions Antalpha as a small-cap IPO in today's market.

What makes this IPO particularly interesting is Antalpha's disclosed use of proceeds. Beyond standard allocations for product development, sales, marketing, and technology infrastructure, the company explicitly plans to invest in Bitcoin and gold (in digital form) as part of its treasury management strategy. This represents an emerging trend where newly public companies incorporate digital assets into their treasury operations.

The Singapore-based company appears focused on scaling its operations globally while maintaining liquidity for "loan operation and customer funding advance needs." This suggests Antalpha likely operates in the financial technology or digital asset lending space, though specific business operations aren't detailed in the release.

While the IPO pricing appears successful, investors should note the broader context - this is coming to market during a period of high volatility for tech companies and digital assets. The $12.80 pricing point and moderate raise size reflect a cautious approach typical of current market conditions.

SINGAPORE, May 14, 2025 (GLOBE NEWSWIRE) -- Antalpha Platform Holding Company (“Antalpha” or the “Company”) today announced the pricing of its initial public offering of 3,850,000 ordinary shares at a price to the public of $12.80 per ordinary share. The ordinary shares have been approved for listing and are expected to begin trading on the Nasdaq Global Market on May 14, 2025, under the ticker symbol “ANTA.” The offering is expected to close on May 15, 2025, subject to customary closing conditions.

Antalpha has granted the underwriters a 30-day option to purchase an additional 577,500 ordinary shares to cover over-allotments in connection with the offering.

Antalpha expects to receive gross proceeds from the offering of approximately US$49.3 million, or approximately US$56.7 million if the underwriters over-allotment option is exercised in full, before deducting underwriting discounts and offering expenses. Antalpha intends to use the net proceeds from the offering for general corporate purposes, which may include investment in product development, sales and marketing activities, technology infrastructure, capital expenditure, global expansion, and other general and administrative matters; loan operation and customer funding advance needs, to accelerate its fund flow and improve customer experience; investment in technologies, solutions or businesses that complement its business (although it has no present commitments or agreements to enter into any acquisition or investment); and investment in Bitcoin and gold (in digital form) as part of its treasury management.

Roth Capital Partners and Compass Point are joint book-running managers for the offering.

The offering is being made only by means of a prospectus forming a part of the effective registration statement. Copies of the final prospectus relating to this offering, when available, may be obtained by visiting EDGAR on the SEC's website at www.sec.gov. Alternatively, copies of the final prospectus, when available, may be obtained from: Roth Capital Partners, LLC, 888 San Clemente Drive, Suite 400, Newport Beach, CA 92660 Attn: Prospectus Department, by phone: (800) 678-9147, or by email at rothecm@roth.com; or Compass Point Research & Trading, LLC, Attention: Syndicate, 1055 Thomas Jefferson Street, N.W. Suite 303, Washington, D.C. 20007, or by email to: syndicate@compasspointllc.com.

A registration statement on Form F-1 relating to the offering of these securities has been filed with, and declared effective by, the SEC. This press release is being made pursuant to, and in accordance with, Rule 134 under the Securities Act of 1933, as amended, and shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Antalpha

Antalpha is a leading crypto fintech company with a dedicated focus on providing liquidity and risk management solutions to institutional Bitcoin miners. As the primary lending partner of Bitmain, Antalpha offers supply chain and margin loans through the Antalpha Prime technology platform, which allows customers to originate and manage their digital asset loans, as well as monitor collateral positions with near real-time data.

Contact
Investor Relations: ir@antalpha.com

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about Antalpha’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in Antalpha’s filings with the SEC. All information provided in this press release is as of the date of this press release, and Antalpha does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

FAQ

What is the IPO price for Antalpha (ANTA) stock?

Antalpha (ANTA) has priced its IPO at $12.80 per ordinary share.

How much money is Antalpha (ANTA) raising in its IPO?

Antalpha expects to raise approximately $49.3 million in gross proceeds, potentially reaching $56.7 million if the underwriters exercise their over-allotment option in full.

When will Antalpha (ANTA) start trading on Nasdaq?

Antalpha (ANTA) shares are expected to begin trading on the Nasdaq Global Market on May 14, 2025.

How will Antalpha (ANTA) use its IPO proceeds?

Antalpha plans to use the proceeds for general corporate purposes, product development, sales and marketing, technology infrastructure, global expansion, loan operations, and investments in Bitcoin and gold as part of treasury management.

Who are the underwriters for Antalpha's (ANTA) IPO?

Roth Capital Partners and Compass Point are serving as joint book-running managers for Antalpha's IPO.