AlphaTON eyes meme-sized $420.69M raise for TON, AI expansion after baby-shelf exit
AlphaTON Capital plans a $420.69M raise to expand into AI and the TON ecosystem after exiting SEC limitations, despite recent stock decline.Summary
AlphaTON Capital, a small-cap public firm, is aiming to raise $420.69 million, a figure referencing meme culture, after exiting the SEC’s “baby-shelf” limitations on fundraising. This move allows the company to pursue larger offerings, but success isn't guaranteed given its current nano-cap status and a 64% stock drop in the last month. The company intends to use the funds to scale GPU infrastructure for Telegram’s Cocoom AI network, acquire Telegram applications, and purchase more TON tokens. The announcement briefly boosted the company’s stock price by 14.7%. This fundraising push occurs as the digital asset treasury sector experiences a slowdown in inflows, with Bitcoin treasuries dominating and Ether-linked DATs seeing outflows.
(Source：Cointelegraph)