AlphaTON exits, Baby Shelf rules, submission of $420 millions registration to advance AI and TON investments
According to ChainCatcher, citing GlobeNewswire, AlphaTON Capital has announced its exit from the SEC "Baby Shelf" financing restriction and has filed a $420.69 million shelf registration statement. The funds are planned to be used to expand GPU computing infrastructure supporting the Telegram Cocoon AI network and to acquire revenue-generating companies within the Telegram ecosystem.
The company will also continue to increase its holdings of Toncoin and related digital assets, and will strengthen its TON ecosystem layout through strategic acquisitions and infrastructure deployment. Baby Shelf rule: The SEC imposes financing restrictions on companies with a market capitalization below $75 million, limiting the amount they can raise through simplified methods within a year. Shelf registration: A type of pre-registration document submitted by listed companies to the SEC, allowing for flexible and multiple future financings without the need for separate approval each time.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: Ethereum buy-sell ratio hits 4-month high after Fusaka upgrade
Strategy has accumulated a total of 203,600 bitcoins this year.
Bitmine may have accumulated an additional 41,946 ETH about 5 hours ago
Aster has officially burned 77.86 million ASTER tokens repurchased in S3.
