TechFlow news, August 28 — According to PRNewswire, Nasdaq-listed AirNet Technology Inc. (ticker: ANTE) announced the completion of its previously disclosed private placement, raising approximately $180 million through the sale of 80,826,225 shares of common stock and accompanying warrants.
Notably, the entire proceeds from this financing were paid in digital assets, consisting of approximately 819.07 bitcoins and 19,928.91 ether (before deduction of issuance expenses). AirNet CEO Dan Shao stated that this financing marks a new chapter for the company, which has hired an experienced cryptocurrency team to develop a comprehensive growth strategy.
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