BlockBeats News, September 26th, AlphaTON Capital Corp (NASDAQ: ATON), a digital asset treasury company focused on the Telegram ecosystem, today announced that it has successfully completed the previously announced financing and executed the initial TON token acquisition, establishing a robust treasury base and a high-level strategic relationship network to drive the company’s growth strategy.
The company has successfully completed a private placement of approximately 6.32 million shares of common stock (or equivalents in pre-funded warrants) at a price of $5.73 per share (less $0.001 per pre-funded warrant), with a total financing amount of approximately $36.2 million. In addition, AlphaTON Capital has entered into a $35 million loan agreement with BitGo Prime, LLC. Through these financing transactions, the company has acquired an initial reserve of approximately $30 million in TON treasury, making AlphaTON Capital one of the world’s largest TON holders and providing shareholders with a significant opportunity to directly engage with Telegram’s billion-user ecosystem.
The company has established strategic partnership relationships with several industry leaders from the traditional financial and digital asset sectors, including BitGo, Animoca Brands, Kraken, SkyBridge Capital, DWF Labs, DNA, Crypto.com, P2P, TwinStakes, and Alpha Sigma Capital.
In this private placement, Chardan acted as the exclusive placement agent. Hogan Lovells US LLP and Golenbock Eiseman Assor Bell & Peskoe LLP served as legal counsel to the company, Forbes Hare LLP served as the company’s legal counsel in the British Virgin Islands, and Lucosky Brookman LLP served as legal counsel to Chardan.
