AIRNET TECHNOLOGY INC. COMPLETES US$180.0 MILLION REGISTERED DIRECT OFFERING
AirNet Technology (Nasdaq: ANTE) has completed a significant US$180.0 million registered direct offering through the sale of 80,826,225 ordinary shares and accompanying warrants. In a unique transaction structure, the proceeds were paid entirely in digital assets, comprising 819.07 Bitcoin and 19,928.91 Ethereum, before offering expenses.
The financing represents a strategic pivot for AirNet as it transforms into a dedicated participant in the digital asset ecosystem. To support this transition, the company has recruited cryptocurrency professionals to develop and execute its strategy. CEO Dan Shao emphasized that this financing marks a new beginning for AirNet, with the digital asset proceeds aligning with the company's future direction.
AirNet Technology (Nasdaq: ANTE) ha portato a termine un’importante offerta diretta registrata da 180,0 milioni di dollari tramite la cessione di 80.826.225 azioni ordinarie e relativi warrant. In una struttura di transazione insolita, i proventi sono stati versati interamente in asset digitali, pari a 819,07 Bitcoin e 19.928,91 Ethereum, al netto delle spese legate all’offerta.
Questo finanziamento segna una svolta strategica per AirNet, che si sta trasformando in un operatore dedicato all’ecosistema degli asset digitali. Per sostenere la transizione, la società ha assunto professionisti del settore crypto per definire e attuare la nuova strategia. Il CEO Dan Shao ha sottolineato che questa operazione rappresenta un nuovo inizio per AirNet, con i proventi in asset digitali in linea con l’indirizzo futuro dell’azienda.
AirNet Technology (Nasdaq: ANTE) ha completado una importante oferta directa registrada de 180,0 millones de dólares mediante la venta de 80.826.225 acciones ordinarias y warrants asociados. En una estructura de transacción inusual, los ingresos se pagaron íntegramente en activos digitales, equivalentes a 819,07 Bitcoin y 19.928,91 Ethereum, antes de los gastos de la oferta.
Esta financiación supone un giro estratégico para AirNet, que se transforma en un participante dedicado del ecosistema de activos digitales. Para apoyar esta transición, la empresa ha incorporado a profesionales de criptomonedas para diseñar y ejecutar su estrategia. El CEO Dan Shao destacó que este financiamiento marca un nuevo comienzo para AirNet, y que los fondos en activos digitales están alineados con la dirección futura de la compañía.
AirNet Technology (Nasdaq: ANTE)는 80,826,225주의 보통주와 해당 워런트를 매각하는 방식으로 총 1억8천만 달러(US$180.0M) 규모의 등록 직접공모를 완료했습니다. 특이한 거래 구조로, 공모 수익금은 수수료 차감 전 전액 디지털 자산으로 지급되었으며 819.07 비트코인과 19,928.91 이더리움에 해당합니다.
이번 자금조달은 AirNet이 디지털 자산 생태계에 전념하는 회사로 전환하는 전략적 전환을 의미합니다. 전환을 지원하기 위해 회사는 암호화폐 전문가들을 채용해 전략을 수립하고 실행하고 있습니다. CEO Dan Shao는 이 자금조달이 AirNet의 새로운 출발을 알리는 일이라며, 디지털 자산으로 받은 자금이 회사의 향후 방향과 일치한다고 강조했습니다.
AirNet Technology (Nasdaq: ANTE) a finalisé une importante offre directe enregistrée de 180,0 millions de dollars par la vente de 80 826 225 actions ordinaires et de warrants associés. Dans une structure de transaction atypique, les produits ont été versés intégralement en actifs numériques, soit 819,07 Bitcoin et 19 928,91 Ethereum, avant les frais liés à l’offre.
Ce financement représente une inflexion stratégique pour AirNet, qui se transforme en acteur dédié de l’écosystème des actifs numériques. Pour accompagner cette transition, la société a recruté des spécialistes des cryptomonnaies pour élaborer et exécuter sa stratégie. Le PDG Dan Shao a souligné que ce financement marque un nouveau départ pour AirNet et que les produits en actifs numériques sont en phase avec l’orientation future de l’entreprise.
AirNet Technology (Nasdaq: ANTE) hat ein bedeutendes registriertes Direktangebot über 180,0 Mio. USD abgeschlossen, indem 80.826.225 Stammaktien und begleitende Warrants verkauft wurden. In einer ungewöhnlichen Transaktionsstruktur wurden die Erlöse vollständig in digitalen Vermögenswerten gezahlt, und zwar 819,07 Bitcoin und 19.928,91 Ethereum, vor Abzug der Angebotskosten.
Die Finanzierung stellt einen strategischen Richtungswechsel für AirNet dar, das sich zu einem spezialisierten Teilnehmer im Bereich digitaler Vermögenswerte wandelt. Zur Unterstützung dieses Übergangs hat das Unternehmen Kryptowährungsexperten eingestellt, die die Strategie entwickeln und umsetzen sollen. CEO Dan Shao betonte, dass diese Finanzierung einen Neuanfang für AirNet darstelle und die Einnahmen in digitalen Vermögenswerten mit der künftigen Ausrichtung des Unternehmens übereinstimmen.
- Raised substantial capital of US$180.0 million through registered direct offering
- Strategic transformation into digital asset ecosystem with expert cryptocurrency team
- Received proceeds in Bitcoin (819.07) and Ethereum (19,928.91), aligning with new business direction
- Significant shareholder dilution through issuance of 80,826,225 new shares
- Exposure to volatile cryptocurrency market through Bitcoin and Ethereum holdings
- Complete business model transformation carries execution risks
Insights
AirNet raises $180M in crypto assets, signaling complete pivot to digital asset business with significant capital for investment operations.
AirNet Technology has completed a significant $180 million registered direct offering, with the unique characteristic that all proceeds were received in digital assets - specifically 819.07 Bitcoin and 19,928.91 Ethereum. This transaction fundamentally transforms AirNet's balance sheet and business model simultaneously.
The structure of this offering is particularly noteworthy. The company issued 80,826,225 ordinary shares with accompanying warrants. While the share dilution is substantial, the company now holds a significant cryptocurrency treasury that provides both operational flexibility and direct exposure to the digital asset market. This creates an unusual dual investment case - shareholders now effectively own both equity in an operating company and indirect exposure to a substantial crypto portfolio.
This financing explicitly confirms AirNet's complete strategic pivot toward becoming a participant in the digital asset ecosystem, moving away from whatever its previous core business activities were. The engagement of cryptocurrency professionals suggests the company intends to actively manage these assets rather than simply holding them as reserves. This positions AirNet as something resembling a publicly-traded crypto fund or digital asset management company.
The cryptocurrency payment structure also carries unique risks and opportunities. The company now faces significant asset volatility on its balance sheet, regulatory uncertainty in multiple jurisdictions, and potential accounting complexities. Conversely, this structure provides immediate and complete alignment with their new strategic direction, eliminating the transitional phase most companies experience when pivoting business models.
In a landmark move reflecting its new corporate direction, the proceeds were paid entirely in digital assets, consisting of approximately 819.07 Bitcoin and 19,928.91 Ethereum, before the deduction of offering expenses.
This financing solidifies AirNet's strategic transformation into a dedicated participant in the digital asset ecosystem. To guide this new chapter, the Company has engaged a team of seasoned cryptocurrency professionals to advise on a sophisticated, multi-faceted strategy designed to maximize shareholder value.
"The completion of this financing marks a pivotal new beginning for AirNet, and receiving the full proceeds in Bitcoin and Ethereum aligns our treasury directly with our future," said Dan Shao, CEO of AirNet. "This strategic capital gives us immense flexibility. Guided by our new team of experts, we are positioned to be an active and intelligent participant across the entire digital asset landscape."
This press release shall not constitute an offer to sell nor the solicitation of an offer to buy, 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 the registration or qualification under the securities laws of any such state or jurisdiction.
Forward-Looking Statements
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.
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SOURCE AirNet Technology Inc.
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