Aether Holdings, Inc. announced on July 21, 2025, the commencement of a proposed underwritten public offering of units, aiming for approximately $40 million in gross proceeds. Each unit will consist of one share of common stock and one publicly traded warrant to purchase one share of common stock. The company also plans to offer Pre-Funded Units.
Aether expects to allocate approximately 85% of the net proceeds from this offering to acquire Bitcoin. This acquisition is part of a new Bitcoin treasury strategy recently adopted by Aether’s board of directors. The remaining 15% of net proceeds will be used for working capital.
The offering is expected to price post-market close on July 22, 2025, with the closing anticipated around July 24, 2025, subject to customary conditions. Aether has applied to list the Common Warrants on the Nasdaq Capital Market under the symbol “ATHRW”. This significant financing event underscores a bold strategic pivot towards digital assets.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.