Welcome to our dedicated page for Airnet Technology news (Ticker: ANTE), a resource for investors and traders seeking the latest updates and insights on Airnet Technology stock.
AirNet Technology Inc. (ANTE) delivers cutting-edge in-flight connectivity solutions while pioneering digital advertising and cryptocurrency mining ventures. This Nasdaq-listed company serves as your definitive source for official corporate announcements and operational developments across all business segments.
Access real-time updates on strategic partnerships, technological advancements in satellite communications infrastructure, and financial performance metrics. Our curated news collection enables investors to track:
- Major contract wins in aviation entertainment systems
- Innovations in passenger-facing digital advertising platforms
- Expansion of cryptocurrency mining operations
- Regulatory developments affecting in-flight connectivity services
Bookmark this page for immediate access to verified ANTE press releases, ensuring you never miss critical updates about this unique hybrid of aviation technology and digital asset innovation.
AirNet Technology (Nasdaq: ANTE) has received an additional 180-day grace period from Nasdaq, extending until September 15, 2025, to regain compliance with the minimum $1.00 bid price requirement for continued listing on the Nasdaq Capital Market.
The company can achieve compliance if its closing bid price remains at or above $1 per ADS for at least 10 consecutive business days during this period. AirNet has confirmed compliance with all other Nasdaq listing requirements, including market value of publicly held shares and shareholder equity thresholds.
To maintain its Nasdaq listing, AirNet is considering various measures, including a potential ADS ratio change or reverse stock split.
AirNet Technology (Nasdaq: ANTE) has announced signing a non-binding Investment Letter of Intent (LOI) with Kazakhstan-based LLP STH Corp to develop a 130MW liquid-cooled Bitcoin mining farm in Kazakhstan. The project encompasses:
- A 70MW national grid-powered facility
- A 60MW natural gas self-generation facility
The planned facilities will utilize liquid-cooling technology to enhance operational efficiency and extend equipment lifespan. LLP STH Corp specializes in advanced liquid-cooled Bitcoin mining solutions and data center management, with strategic partnerships securing reliable power sources at competitive rates.
The LOI is non-binding, with terms, structure, and timing yet to be agreed upon. AirNet plans to conduct full legal and business due diligence of LLP STH Corp. This investment aligns with AirNet's strategic expansion in blockchain technology applications and the data center sector.
AirNet Technology Inc. (Nasdaq: ANTE) has announced the appointment of Assentsure PAC as its new independent registered public accounting firm, replacing Audit Alliance LLP effective January 2, 2025. The change was approved by both the board of directors and the audit committee.
The company reported no disagreements with Audit Alliance on accounting principles, financial statements, or auditing procedures during 2022, 2023, and through January 2, 2025. Additionally, there were no reportable events during this period. AirNet confirms that no prior consultations occurred with Assentsure regarding accounting principles, audit opinions, or financial reporting issues before their engagement.
AirNet Technology (Nasdaq: ANTE) announced significant changes in its senior management team on December 13, 2024. Ms. Fuying Yan resigned as director and co-chief executive officer, while Ms. Tong Lin stepped down as director, both citing personal reasons with no disagreements with the company's operations or policies.
The company appointed Mr. Yuan Feng as the new co-chief executive officer and director, bringing experience from Huayou New Energy Technology and Royal Emirates Investment Authority. Additionally, Ms. Yanxiao Zhu, with background in finance from companies like Goodman Fielder and Fisher and Paykel Healthcare NZ, joined as an independent director. Following these changes, the Board now consists of five directors, including three independent directors.
AirNet Technology (Nasdaq: ANTE) has successfully resolved its Nasdaq listing compliance issue. The company received confirmation from Nasdaq's Listing Qualifications Staff on November 12, 2024, stating it has regained compliance with the minimum market value of publicly held shares (MVPHS) requirement. This follows a September 18, 2024 notification of non-compliance for failing to maintain a minimum MVPHS of US$1.0 million. The company achieved compliance by maintaining an MVPHS of US$1.0 million or greater from October 28 through November 11, 2024.
AirNet Technology Inc. (Nasdaq: ANTE) has received two deficiency letters from Nasdaq dated September 18, 2024, indicating non-compliance with minimum bid price and minimum Market Value of Publicly Held Shares (MVPHS) requirements. The company has until March 17, 2025 to regain compliance. For the bid price, AirNet must maintain a closing bid price of at least $1.00 for 10 consecutive business days. For MVPHS, it must maintain a value of at least $1.0 million for 10 consecutive business days.
If AirNet fails to meet the bid price requirement by the deadline, it may be eligible for an additional 180-day period if it meets certain conditions. The company could implement a reverse stock split to regain compliance. Failure to meet these requirements could result in delisting from Nasdaq, although AirNet would have the right to appeal such a decision.
AirNet Technology (Nasdaq: ANTE) announced the purchase of 6,218 Bitcoin Miner S21 units for approximately RMB177.2 million, as per a sales and purchase agreement with a third party on May 30, 2024. The company aims to capitalize on the bullish cryptocurrency market by investing in these assets. However, the deal is contingent upon necessary corporate approvals and closing conditions, and there is no certainty regarding the transaction's consummation or the operational commencement of the miners. The company cautions shareholders against placing undue reliance on this announcement.
AirNet Technology (Nasdaq: ANTE) held its annual general meeting on May 31, 2024, in Beijing. Shareholders approved an increase in the company's authorized share capital. The share capital will rise from US$1,000,000 to US$40,000,000. The number of ordinary shares will increase from 22,500,000 to 900,000,000, and preferred shares from 2,500,000 to 100,000,000, each maintaining a nominal value of US$0.04 per share. This move aims to foster financial flexibility and support growth initiatives.
AirNet Technology Inc. (Nasdaq: ANTE) received an extension from Nasdaq to regain compliance with the Minimum Stockholders' Equity Requirement. The company entered into agreements and completed transactions to satisfy the requirement, including share subscription agreements and equity transfers. Nasdaq will monitor the company's ongoing compliance, with potential delisting if compliance is not maintained.
AirNet Technology Inc., formerly AirMedia Group Inc., announced its annual general meeting date on May 31, 2024, to discuss increasing the authorized share capital from US$1 million to US$40 million. Shareholders will vote on creating additional ordinary and preferred shares. The Record Date is May 2, 2024, with shareholders entitled to attend the AGM.
