AIRNET TECHNOLOGY INC. ANNOUNCES US$180.0 MILLION REGISTERED DIRECT OFFERING
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 22 2025
0mins
Source: PRnewswire
Investment Agreement: AirNet Technology Inc. has entered into a definitive agreement to sell 80,826,225 ordinary shares and accompanying warrants at a combined price of $2.227 per share.
Financial Proceeds: The offering is expected to generate approximately $180 million in gross proceeds for the company, which will be used for general corporate and working capital purposes.
Closing Date: The transaction is anticipated to close around August 27, 2025, pending customary closing conditions.
Forward-Looking Statements: The press release includes forward-looking statements that involve risks and uncertainties, cautioning investors against placing undue reliance on these projections.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
