AiRWA Inc. (Nasdaq: YYAI) completed a registered direct sale of 15,382,378 shares of its common stock at $1.02 per share, generating gross proceeds of $15.69 million. The transaction is being conducted under a shelf registration statement (Form S‑3) and is expected to close around December 22, 2025, subject to customary closing conditions.
The company will deploy the proceeds to advance its joint venture with JuCoin Capital, pursue potential corporate acquisitions, and bolster working capital and general corporate purposes. The capital raise is intended to accelerate the development of the aiRWA Exchange, a platform that will enable 24/7 tokenized trading of U.S. equities on the Solana blockchain, and to support the broader real‑world asset (RWA) tokenization strategy that has become the company’s core focus after its pivot from sports technology.
Financially, AiRWA has a strong liquidity profile with a current ratio of 3.54 and a debt‑to‑equity ratio of 0.1, yet it has experienced revenue stagnation over the past three years and negative net margins of –9.18%. The company’s stock has fallen more than 97% over the past year, trading near its 52‑week low, which underscores the need for additional capital to sustain operations and fund growth initiatives.
The joint venture with JuCoin Capital, established in August 2025, is a $500 million partnership that includes a $30 million investment in Solana tokens. The venture aims to launch the aiRWA Exchange, leveraging Solana’s high‑throughput infrastructure to settle tokenized U.S. equities in near real‑time. The equity offering will provide the working capital required to complete platform development, regulatory compliance, and market‑making activities essential to the exchange’s launch.
While the issuance of new shares introduces dilution, management views the capital infusion as a strategic necessity to secure the company’s competitive position in the rapidly expanding RWA tokenization market. The funding will enable AiRWA to scale its technology, deepen its partnership with JuCoin, and pursue opportunistic acquisitions that could accelerate its market entry and broaden its product portfolio.
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