Pharos PROS FDV Exceeds $1.1 Billion, Key Equity Swap Conditions with GCL New Energy Nearly Achieved

Pharos has officially announced that, following the listing of its PROS token on the 28th, it has met the valuation benchmarks established at the time of GCL Group’s strategic investment. The preliminary conditions for the initial token-for-share conversion have been substantially fulfilled, and both parties are now finalizing the necessary regulatory procedures. GCL Group, a leading industrial player ranked among the Fortune Global 500, will collaborate closely with Pharos through its subsidiary GCL New Energy (451.HK). Moving forward, Pharos will leverage GCL’s overseas renewable energy and computing power assets to build a global A2A decentralized marketplace anchored in real-world assets. Additionally, by accumulating operational data from industrial activities, Pharos aims to explore new business models beyond the traditional blockchain revenue model based primarily on gas fees. The Pharos team commits to using long-term gains from this partnership with industry leaders to repurchase PROS tokens and to distribute dividends from its holdings in listed companies directly to PROS holders via airdrops. Prior market data indicates that within the first hour of trading on April 28, the PROS token opened above $1.10, briefly achieving a fully diluted valuation exceeding $1.1 billion.