Indicate by check mark whether the registrant files or will file annual reports under cover of Form
20-F or Form 40-F.
On April 30, 2026, Aurelion, Inc. (Nasdaq: AURE), a publicly traded subsidiary of Antalpha
Platform Holding Company, issued a press release announcing its financial results for the quarter ended March 31, 2026, incorporated
by reference as Exhibit 99.1.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Exhibit 99.1
Aurelion Reports Second Fiscal Quarter 2026 Financial Results
HONG KONG, April 30, 2026 / -- Aurelion
Inc. (NASDAQ: AURE) ("Aurelion" or the "Company"), the world’s first NASDAQ-listed Tether Gold (XAU₮)
treasury company, today announced its unaudited financial results for the quarter ended March 31,
2026.
“This quarter marked a transformative leap for Aurelion, as the Company
took meaningful steps towards establishing itself as the world’s first digital gold treasury asset company and positioning us at
the forefront of AI and real-world asset (RWA) tokenization,” said Bjorn Schmidtke, Chief Executive Officer. “In April, we
committed to participate in the XAUE protocol, through which we seek to generate potential yield while preserving exposure to the underlying
asset. The launch of our AI employee Duncan.Aure in March lays the foundation for Aurelion’s broader AI enabled initiatives and
reinforces our commitment to innovation at every layer of the business. We believe Aurelion is well positioned to lead this charge as
a first mover in this space - capturing the upside of gold appreciation alongside on-chain cash flows.”
Business Highlights
| ● | Participation in XAUE: on April 24, 2026, Aurelion committed 10,000 units of XAU₮ (approximately
$48 million) to XAUE, a new protocol that enables yield generation on gold holdings by allowing tokenized gold to be deployed while preserving
exposure to the underlying asset. |
| ● | Welcomed Its First AI Employee Duncan.Aure: Duncan is an
AI agent designed to educate the market about XAUt, and will provide standardized interfaces for automated XAU₮ trading strategies,
cross-protocol DeFi execution and digital gold allocation. |
| ● | NAV: Aurelion NAV as of March 31, 2026 was $116.4 million (33,318 units of XAU₮) and NAV
per share was $3.16. |
For the quarter ended March 31, 2026,
the Company reported operating income of $8.9 million, primarily driven by fair value gains
on XAUt held resulting from the appreciation of gold during the quarter.
Net Asset Value (NAV) as of March 31, 2026
Aurelion reports the following unaudited Net
Asset Value ("NAV") based on its unaudited condensed consolidated balance sheet as of March 31, 2026:
| (In US$1 millions, except for XAUT price and unit, unaudited) | |
As of
March 31, 2026 |
| Digital assets and Cash | |
| 157.6 | |
| Cash & Cash Equivalents | |
| 2.1 | |
| XAUt | |
| 155.5 | |
| Price per Unit (based on 03/31/2026 price) | |
| 4,667 | |
| Units (1 XAUt = 1 troy ounce) | |
| 33,318 | |
| Debt | |
| 41.2 | |
| Net Asset Value(1) | |
| 116.4 | |
| | |
| | |
| Shares Outstanding(2) | |
| 36.8 | |
| NAV per Share | |
| 3.16 | |
| Gold Ounce per Share | |
| 0.00090 | |
| | |
| | |
| XAUt Value per Share(3) | |
| 4.22 | |
(1) NAV is calculated as digital assets plus cash minus debt.
(2) The number of shares outstanding is presented in million,
and includes issued and outstanding share capital and pre-funded warrants that were outstanding as of March 31, 2026.
(3) XAUt value is based on the closing price as of March 31, 2026.
About Aurelion
Aurelion is NASDAQ's first Tether Gold (XAUt) Real World Asset (RWA) company focused on developing a business around tokenized gold.
XAU₮ combines the stability of physical gold with the efficiency of blockchain, providing investors access to tokenized gold reserve
that could serve as a safe haven to inflation, currency devaluation and crypto volatility. In parallel to building a business around the
development of tokenized gold, Aurelion provides wealth management and asset management services.
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, although not all forward-looking statements
contain these words. These statements are based on assumptions and assessments made by Aurelion in light of its experience and perception
of historical trends, current conditions, future developments and other factors it believes appropriate. By their nature, forward-looking
statements involve risk and uncertainty, because they relate to events and depend on circumstances that will occur in the future and the
factors described in the context of such forward-looking statements in this announcement could cause actual results and developments to
differ materially from those expressed in or implied by such forward-looking statements. Although it is believed that the expectations
reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to be correct,
and you are therefore cautioned not to place undue reliance on these forward-looking statements which speak only as at the date of this
announcement.
Forward-looking statements are not guarantees of future performance. A number of factors could cause
actual results to differ materially from those contained in any forward-looking statement, including but not limited to: changes in general
economic, business, industry and market conditions, including interest rates and the price of gold; changes in applicable laws and regulations,
including with respect to cryptocurrencies, stablecoin ecosystems and decentralized finance protocols; the Company's ability to access
additional capital and to attract and retain qualified personnel; changes in the price of digital assets, including XAU₮, and in
the price correlation between stablecoins and their pegged assets; risks associated with holding digital assets, including price volatility,
limited liquidity and trading volumes, susceptibility to market abuse and manipulation, compliance and internal control failures at exchanges,
and other risks inherent in their electronic, virtual-form and decentralized nature; the possibility of greater fraud, security failures
or operational problems on digital asset trading venues compared to more established asset classes, and any malfunction, breakdown or
abandonment of underlying blockchain protocols or other technological difficulties that may prevent access to or use of digital assets;
the fluctuation of the Company's operating results, including because it may be required to account for its digital assets at fair value;
limitations on the Company's ability to time the price of its digital asset purchases; potential subjection to corporate alternative minimum
tax due to unrealized fair value gains on digital asset holdings; legal, commercial, regulatory and technical uncertainty regarding digital
assets, including the possibility that regulators reclassify any digital assets the Company holds as a security or a "cash item,"
causing it to be in violation of securities laws or to be classified as an "investment company" under the Investment Company
Act of 1940; competition from other digital asset treasury companies and financial products related to gold; elevation of rehypothecation
risk in times of changing market conditions; risks arising from the use of third-party custodians for digital assets, including loss of
direct control and dependence on such custodians' security practices and operational integrity, and the potential loss of digital assets
as a result of custodian insolvency, insider theft, or security breaches; and risks associated with the Company's participation in the
XAUE protocol, including fluctuation of the XAU₮ to XAUE exchange ratio, counterparty default risk in connection with institutional
lending activities, smart contract vulnerabilities or failures, the performance and operational integrity of the protocol's issuer, participants
and service providers, potential liquidity constraints on the redemption of XAUE, and other risks identified in the XAUE protocol's risk
disclosure statement. Further information regarding these and other risks is included in the Company's filings with the Securities and
Exchange Commission, including its annual report on Form 20-F. The Company does not undertake any obligation to update any forward-looking
statement as a result of new information, future events or otherwise, except as required under applicable law.
Contacts
Investor Contact: ir@aurelion.com
Aurelion Inc.
Condensed Consolidated Statements of Income
(in USD, except for shares data)
| | |
Three months
ended March 31, | |
Six months
ended March 31, |
| | |
2025
(unaudited) | |
2026
(unaudited) | |
2025
(unaudited) | |
2026
(unaudited) |
| Total net revenue | |
| 287 | | |
| - | | |
| 287 | | |
| - | |
| Operating expense | |
| | | |
| | | |
| | | |
| | |
| Sales and marketing | |
| - | | |
| 99,796 | | |
| - | | |
| 273,273 | |
| General and administrative | |
| 2,978,637 | | |
| 1,902,819 | | |
| 3,571,024 | | |
| 2,927,477 | |
| Provision for credit losses | |
| 2,909 | | |
| - | | |
| 11,407 | | |
| - | |
| Unrealized gain on XAUt and XAUt collateral receivables due from related party(i) | |
| - | | |
| (10,937,197 | ) | |
| - | | |
| (21,336,746 | ) |
| Total operating expenses/(income) | |
| 2,981,546 | | |
| (8,934,582 | ) | |
| 3,582,431 | | |
| (18,135,996 | ) |
| (Loss)/Income from operations | |
| (2,981,259 | ) | |
| 8,934,582 | | |
| (3,582,144 | ) | |
| 18,135,996 | |
| Non-operating income/(expense) | |
| | | |
| | | |
| | | |
| | |
| - Loan Interests | |
| - | | |
| (603,176 | ) | |
| - | | |
| (1,231,886 | ) |
| - Other income/(expense) | |
| 20,304 | | |
| (387,642 | ) | |
| 24,451 | | |
| (250,804 | ) |
| (Loss)/Income before income tax | |
| (2,960,955 | ) | |
| 7,943,764 | | |
| （3,557,693) | | |
| 16,653,306 | |
| Income tax benefit | |
| 10,500 | | |
| - | | |
| 37,287 | | |
| - | |
| Net (loss)/income | |
| (2,950,455 | ) | |
| 7,943,764 | | |
| (3,520,406 | ) | |
| 16,653,306 | |
| Comprehensive (loss)/income | |
| (2,934,899 | ) | |
| 8,343,975 | | |
| (3,517,962 | ) | |
| 17,113,481 | |
| Weighted average number of ordinary shares | |
| | | |
| | | |
| | | |
| | |
Basic(ii) | |
| 3,459,636 | | |
| 34,604,083 | | |
| 2,868,467 | | |
| 33,133,090 | |
| Diluted(ii) | |
| 3,459,636 | | |
| 37,595,522 | | |
| 2,868,467 | | |
| 36,124,528 | |
| (Loss)/Earnings per share | |
| | | |
| | | |
| | | |
| | |
Basic(ii) | |
| (0.85 | ) | |
| 0.23 | | |
| (1.23 | ) | |
| 0.50 | |
| Diluted(ii) | |
| (0.85 | ) | |
| 0.21 | | |
| (1.23 | ) | |
| 0.46 | |
| | |
| | | |
| | | |
| | | |
| | |
(i) Represents unrealized gains on XAUt assets held by the Company as of the reporting date and
no XAUt assets were sold during the period.
(ii) All share and per share data for prior periods have been retrospectively adjusted to reflect
the 1-for-10 share consolidation effective February 19, 2026.
Aurelion Inc.
Condensed Consolidated Balance Sheets
(in USD)
| | |
As of
September 30, 2025 | |
As of
March 31, 2026 |
| | |
| |
(unaudited) |
| Assets | |
| |
|
| Current assets: | |
| | | |
| | |
| Cash and cash equivalents | |
| 5,024 | | |
| 2,071,983 | |
| Crypto assets held | |
| - | | |
| 133 | |
| XAUt | |
| - | | |
| 77,960,693 | |
| Amounts due from related parties | |
| - | | |
| - | |
| Prepaid expenses and other current assets | |
| 14,126 | | |
| 117,703 | |
| Deferred offering cost | |
| 12,466 | | |
| - | |
| Total current assets | |
| 31,616 | | |
| 80,150,512 | |
| Non-current assets: | |
| | | |
| | |
| XAUt collateral receivable from related party (i) | |
| - | | |
| 77,526,892 | |
| Deferred offering cost | |
| - | | |
| 400,573 | |
| Total non-current assets | |
| - | | |
| 77,927,465 | |
| Total assets | |
| 31,616 | | |
| 158,077,977 | |
| Liabilities and shareholders’ equity | |
| | | |
| | |
| Current liabilities: | |
| | | |
| | |
| Amounts due to related parties | |
| 1,664 | | |
| 126,922 | |
| Accrued expenses and other current liabilities(ii) | |
| 321,611 | | |
| 1,210,372 | |
| Total current liabilities | |
| 323,275 | | |
| 1,337,294 | |
| Non-current liabilities: | |
| | | |
| | |
| Loan payables due to related party | |
| - | | |
| 41,200,878 | |
| Total non-current liabilities | |
| - | | |
| 41,200,878 | |
| Total liabilities | |
| 323,275 | | |
| 42,538,172 | |
| Total shareholders’ (deficit)/equity | |
| (291,659 | ) | |
| 115,539,805 | |
| Total liabilities and shareholders’ equity | |
| 31,616 | | |
| 158,077,977 | |
(i) XAUt collateral receivable from related party serves as collateral for the loan payable due to related party of $41,200,878.
(ii)
Accrued expenses and other current liabilities include accrued liabilities, other payables and the payroll payable
