AirNet Technology Inc. (Nasdaq: ANTE), today announced the completion of its previously announced registered direct offering with certain investors. The Company raised gross proceeds of approximately US$180.0 million through the purchase and sale of 80,826,225 of its ordinary shares and accompanying warrants.

In a landmark move reflecting its new corporate direction, the proceeds were paid entirely in digital assets, consisting of approximately 819.07 Bitcoin and 19,928.91 Ethereum, before the deduction of offering expenses.

This financing solidifies AirNet’s strategic transformation into a dedicated participant in the digital asset ecosystem. To guide this new chapter, the Company has engaged a team of seasoned cryptocurrency professionals to advise on a sophisticated, multi-faceted strategy designed to maximize shareholder value.

“The completion of this financing marks a pivotal new beginning for AirNet, and receiving the full proceeds in Bitcoin and Ethereum aligns our treasury directly with our future,” said Dan Shao, CEO of AirNet. “This strategic capital gives us immense flexibility. Guided by our new team of experts, we are positioned to be an active and intelligent participant across the entire digital asset landscape.”

This press release shall not constitute an offer to sell nor the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

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