Zeta Network Group Announces $231 Million Bitcoin-Backed Private Placement to Strengthen Balance Sheet Amid Market Volatility
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Zeta Network Group (Nasdaq: ZNB) has completed a $231 million private placement involving Class A common shares and warrants. Each warrant allows the purchase of an additional share at $2.55. The offering price is $1.70 per share and warrant. Proceeds will enhance the company's balance sheet through the acquisition of SolvBTC assets, a Bitcoin-backed instrument for institutional investors, reflecting confidence in Bitcoin's fundamentals and a counter-cyclical treasury strategy.
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