FAQ: AirNet Technology's $180M Digital Asset Offering

What is the main announcement from AirNet Technology?

AirNet Technology Inc. has completed a $180 million registered direct offering where the proceeds were paid entirely in digital assets, specifically approximately 819.07 Bitcoin and 19,928.91 Ethereum.

How much money did AirNet raise and through what method?

The company raised gross proceeds of approximately $180 million through the purchase and sale of 80,826,225 ordinary shares and accompanying warrants in a registered direct offering with certain investors.

Why is this offering significant for AirNet’s strategy?

This financing solidifies AirNet’s strategic transformation into a dedicated participant in the digital asset ecosystem and aligns its treasury directly with its future direction in cryptocurrency.

What digital assets were used for the payment and in what amounts?

The proceeds were paid in approximately 819.07 Bitcoin and 19,928.91 Ethereum, before deduction of offering expenses.

Who is leading AirNet Technology through this transformation?

CEO Dan Shao is leading the company, and AirNet has engaged a team of seasoned cryptocurrency professionals to advise on their digital asset strategy.

What does AirNet plan to do with this new capital?

The strategic capital provides immense flexibility for AirNet to be an active and intelligent participant across the entire digital asset landscape, guided by their new team of experts.

Where is AirNet Technology listed and what is its stock symbol?

AirNet Technology Inc. is listed on Nasdaq under the symbol ANTE.

What should investors know about the legal aspects of this offering?

This press release does not constitute an offer to sell or solicitation to buy, and any sale would require proper registration or qualification under applicable securities laws.