- Aether Holdings (ATHR, Financial) announces a $40 million public offering, primarily to acquire Bitcoin.
- 85% of proceeds will fund Bitcoin purchases, aligning with the company's new treasury strategy.
- The offering is expected to price on July 22, 2025, with a closing date around July 24, 2025.
Aether Holdings, Inc. (ATHR), a financial technology holding company focused on AI and data for investors, has unveiled plans for a $40 million public offering of securities. The offering aims to bolster the company's newly adopted Bitcoin treasury strategy. With 85% of the net proceeds earmarked for Bitcoin acquisition, Aether is making a significant shift towards digital assets, while the remaining 15% will be used for working capital.
The offering consists of units pairing one share of common stock with a publicly traded warrant, along with pre-funded units. The common warrants will be listed on the Nasdaq under the ticker "ATHRW," allowing investors additional purchasing rights. This strategic move suggests increased shareholder dilution but offers potential for enhanced capital raising capabilities.
Pricing for the offering is set to occur on July 22, 2025, with an anticipated closing date of July 24, 2025, subject to standard closing conditions. The Benchmark Company LLC and Axiom Capital Management, Inc. are acting as representatives for the underwriters.
This decision to allocate $34 million towards Bitcoin reflects Aether's intention to align with digital financial innovation trends, despite the inherent volatility and regulatory uncertainty of the cryptocurrency market. This strategic pivot positions Aether not only as a fintech entity but as a participant in the burgeoning digital asset space.
