Metalpha Technology Holding Limited entered Subscription Agreements for a Regulation S private placement, agreeing to sell 3,908,700 ordinary shares for an aggregate purchase price of approximately US$12 million. The per-share price will be the lower of $3.07 or the 10-Day VWAP immediately preceding the agreement date.
The company plans to use net proceeds to accelerate business development, expand blockchain trading services, invest in innovative digital asset technologies, and for general working capital. Metalpha agreed to use commercially reasonable efforts, upon holder request, to file a Form F-3 registering the resale of these shares within 30 days after the final closing date, and in any event no earlier than November 1, 2025.
Metalpha Technology Holding Limited announces that consultant Mr. Liyang Lu has concluded his consultancy and all other services with the company effective August 22, 2025, to pursue personal endeavors.
Separately, Metalpha appoints Ms. Isabella He as its new Head of Institutional & IR, effective September 22, 2025. She brings extensive experience in investor relations and investment banking, having held senior roles at I-Mab Biopharma, Genor Biopharma, and prior positions at Citigroup, Morgan Stanley, UBS, Oppenheimer and Mainfirst Securities. A graduate in Economics from the London School of Economics, she will lead the company’s global investor relations strategy and focus on expanding and strengthening relationships with institutional investors.
The report also states that this Form 6-K is incorporated by reference into Metalpha’s existing Form S-8 registration statements.