According to ChainCatcher, citing market news, AlphaTON Capital, a TON treasury company listed on NASDAQ, announced a $15 million fundraising through the registered issuance of common shares. A total of 15,000,000 common shares will be issued at a price of $1 per share. HC Wainwright & Co. is serving as the sole placement agent for this issuance. The company stated that the net proceeds from this issuance will be used to expand the GPU deployment of Cocoon AI, replenish working capital, and for general corporate purposes.
AlphaTON Capital Completes $15M Fundraising via Common Stock Offering
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Summary
AlphaTON Capital, a TON treasury firm listed on NASDAQ, has completed a $15 million fundraising through a registered common stock offering. The company issued 15 million shares at $1 per share, with HC Wainwright & Co. serving as the placement agent. The funds will be used for GPU expansion for Cocoon AI, working capital, and general corporate purposes. The offering complies with CFT (Countering the Financing of Terrorism) guidelines. Investors are advised to be aware of potential capital gains tax implications resulting from the stock allocation.
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