Zeta Network Group Raises $231 Million in Bitcoin-Backed Private Placement
I'm PortAI, I can summarize articles.
Zeta Network Group (Nasdaq: ZNB) has raised approximately $231 million through a private placement of Class A ordinary shares and warrants. Each warrant allows the purchase of an additional share at $2.55, with the offering priced at $1.70 per share and warrant. Proceeds are payable in Bitcoin or SolvBTC, a Bitcoin-backed token. This move aims to enhance Zeta's balance sheet by integrating a Bitcoin-backed, yield-generating asset into its treasury, reflecting a strategic digital asset management approach amid market volatility.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments