AirNet Technology Inc. Announces Name Change to Yueda Digital Holding, Ticker Symbol Change to YDKG, and Share Re-designation
Rhea-AI Summary
AirNet Technology (NASDAQ: ANTE) announced its transformation into Yueda Digital Holding, with its ticker symbol changing from ANTE to YDKG effective September 19, 2025. The company received approval for the name change from the Cayman Islands Registry on September 11, 2025.
Following shareholder approval at the EGM, the company's shares will be re-designated, with ordinary shares becoming Class A ordinary shares and preferred shares converting to Class B ordinary shares. The company is repositioning itself as a Web3 and digital-economy focused entity, emphasizing cryptocurrency accumulation, digital asset management, Web3 infrastructure investments, and advisory services.
The company's CUSIP number will remain unchanged, and it will maintain a compliance-first approach while focusing on long-term value creation in the blockchain sector.
Positive
- Strategic repositioning into the growing Web3 and digital economy sector
- Diversified business model including digital asset management, Web3 investments, and advisory services
- Compliance-first approach in cryptocurrency operations
Negative
- Potential risks associated with cryptocurrency market volatility
- Regulatory uncertainties in the digital asset space
- Significant business model transformation risks
News Market Reaction 12 Alerts
On the day this news was published, ANTE declined 6.45%, reflecting a notable negative market reaction. Argus tracked a peak move of +7.0% during that session. Argus tracked a trough of -9.3% from its starting point during tracking. Our momentum scanner triggered 12 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $27M from the company's valuation, bringing the market cap to $393M at that time.
Data tracked by StockTitan Argus on the day of publication.
According to the results of the Company's EGM, as furnished with the Securities and Exchange Commission on Form 6-K on September 5, 2025, the shareholders approved the re-designation of shares, pursuant to which each ordinary share has been re-designated as one Class A ordinary share and each preferred share as one Class B ordinary share.
The Company's CUSIP number will remain unchanged.
About Yueda Digital Holding (formerly known as AirNet Technology Inc.)
YDKG is a Web3 and digital-economy company with a focus on the long-term accumulation of mainstream cryptocurrencies, whether acquired through treasury allocations, strategic investments, or the proceeds of capital transactions. Its principal business activities include: (i) active treasury management of mainstream digital assets; (ii) exploration of compliant, risk-managed yield opportunities, such as staking, on-chain liquidity provision, and other conservative market activities (where permitted); (iii) selective investments and partnerships in Web3 infrastructure and applications; and (iv) advisory services for enterprises entering the digital-asset economy. YDKG operates with a compliance-first mindset and a security-by-design, aiming to compound long-term value while supporting the growth of open blockchain networks.
Safe Harbor Statement
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantee of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; changes in applicable laws or regulations; as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission by the Company. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof unless required by applicable laws, regulations or rules.
View original content:https://www.prnewswire.com/news-releases/airnet-technology-inc-announces-name-change-to-yueda-digital-holding-ticker-symbol-change-to-ydkg-and-share-re-designation-302560664.html
SOURCE AirNet Technology Inc.
FAQ
When will AirNet Technology (ANTE) change its ticker symbol to YDKG?
What is the new business focus of Yueda Digital Holding (YDKG)?
How will the share re-designation of YDKG affect shareholders?
What are the main business activities of Yueda Digital Holding?
Will YDKG's CUSIP number change after the company rebranding?
