The Company successfully closed its private placement of approximately 6.32 million ordinary shares (or pre-funded warrants in lieu thereof) at $5.73 per share (less $0.001 per pre-funded warrant), raising gross proceeds of approximately $36.2 million. Additionally, AlphaTON Capital closed a $35 million loan facility with BitGo Prime, LLC. From these financing transactions, the Company acquired its first significant treasury tranche of approximately $30 million of TON, establishing AlphaTON Capital as one of the largest global holders of TON and providing shareholders with significant exposure to Telegram's billion-user ecosystem.
The Company has strategic relationships with industry leaders from across the traditional finance and digital asset industries, including BitGo, Animoca Brands, Kraken, SkyBridge Capital, DWF Labs, DNA, Crypto.com, P2P, TwinStakes, and Alpha Sigma Capital.
Chardan acted as the exclusive placement agent for the private placement. Hogan Lovells US LLP served as legal advisor to the Company. Golenbock Eiseman Assor Bell & Peskoe LLP served as legal advisor to the Company. Forbes Hare LLP served as British Virgin Islands legal advisor to the Company. Lucosky Brookman LLP served as legal advisor to Chardan.
Building the Foundation for Ecosystem Leadership
"Today marks a pivotal moment in AlphaTON Capital's journey as we officially establish ourselves as a premier digital asset treasury company with substantial TON holdings," said Brittany Kaiser, Chief Executive Officer of AlphaTON Capital. "These successful financings and immediate deployment into TON demonstrate our unwavering commitment to the Telegram ecosystem and positions us to be a driving force in the next wave of decentralized application development. We're not just building a treasury; we're investing in the infrastructure that will empower billions of users to truly own their digital life. This is exactly the kind of transformational moment our shareholders invested in, and I'm thrilled to deliver on our promise to provide institutional-grade exposure to one of the most exciting opportunities in digital assets today."
The completion of these financings strengthens AlphaTON Capital's balance sheet and provides the capital foundation necessary to execute its comprehensive treasury strategy, which encompasses TON acquisition, network validation and staking operations, and strategic ecosystem development initiatives.
Strategic Position in High-Growth Market
Enzo Villani, Executive Chairman and Chief Investment Officer of AlphaTON Capital, commented: "Closing ...
