Zeta Network raises $10M in crypto-funded placement
Zeta Network Group (ZNB) completed the closing of a previously agreed private placement on August 17, 2026.
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Rhea-AI Filing Summary
Zeta Network Group (ZNB) completed the closing of a previously agreed private placement on August 17, 2026. The company issued 3,412,970 Units at US$2.93 per Unit, each Unit consisting of one Class A ordinary share and one warrant to purchase an additional share.
Zeta Network Group received aggregate gross proceeds of US$10,000,002.10, paid in approximately 156.6533 Solv-BTC based on an exchange rate of US$63,835.08 per Solv-BTC, before expenses and excluding any future warrant exercise proceeds. A total of 3,412,970 ordinary shares and 3,412,970 warrants were issued in a transaction conducted as an unregistered private offering under Section 4(a)(2) and/or Regulation S of the Securities Act.
Filing Explained
The issued shares expand the share base; another 3,412,970 shares remain conditional on warrant exercise at US$4.40 each.
As a Form 6-K interim report, the filing reports that the
Under the supplied dilution definition, issuing these shares increases the total share count and reduces an existing holder’s percentage ownership absent offsetting changes.
Each warrant permits the holder to buy one additional ordinary share at an exercise price of
The issued securities have not been registered under U.S. federal or state securities laws; the filing states that they cannot be offered or sold in the United States without registration or an applicable exemption.
Key Figures
Key Terms
private placement financial
Section 4(a)(2) regulatory
Regulation S regulatory
Solv-BTC financial
forward-looking statements regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What capital did Zeta Network Group (ZNB) raise in the August 2026 private placement?
What was the Unit price and warrant exercise price in ZNB’s August 2026 Offering?
In what form did Zeta Network Group (ZNB) receive payment for the private placement?
Were the securities in Zeta Network Group (ZNB)’s Offering registered under the Securities Act?
When did Zeta Network Group (ZNB) close its private placement Offering?
AI-generated analysis. How Rhea-AI works. Not financial advice.