The listed company Zeta Network Group has completed a $230 million private placement financing and will accept payment in Bitcoin or SolvBTC

2025-10-15 19:41:49

Collection

ChainCatcher news, according to PR Newswire, Zeta Network Group (NASDAQ: ZNB) today announced the signing of a securities purchase agreement to raise a total of $230,837,060.2 through a private placement.

This issuance includes (1) Class A common stock; (2) warrants (each warrant can purchase one share of Class A common stock at an exercise price of $2.55 per share), with the final issuance price for the Class A common stock and warrants combination set at $1.7 per unit.

The total amount raised of $230,837,060.2 will accept payments in Bitcoin or SolvBTC. SolvBTC is a 1:1 pegged token to Bitcoin issued by Solv Protocol, which serves as an on-chain Bitcoin reserve, providing institutional-grade mechanisms for productive applications of Bitcoin holdings. This private placement is expected to be completed by October 16, 2025, subject to customary closing conditions.

(Source Link)

Risk warning

Related tags

Zeta Network BTC balance sheet

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.