Shuttle Pharma Merges with United Dogecoin to Become Largest Public Miner

Written by Emily J. Thompson, Senior Investment Analyst

Source: stocktwits

Updated: May 01 2026

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SHPH-2.41%

Should l Buy SHPH?

Source: stocktwits

Merger Agreement Signed: Shuttle Pharma has signed a definitive merger agreement with United Dogecoin, expected to transform Shuttle Pharma into the world's largest public Dogecoin miner, issuing 8,000 shares of Series B-1 convertible preferred stock convertible into approximately 32.3 million common shares at $1.24 each, representing a 20% upside from Thursday's closing price.
Private Investment Support: The transaction will also be bolstered by an $11 million private investment, enhancing the merged company's capital base and positioning it favorably in the competitive cryptocurrency market, particularly in Dogecoin mining.
Mining Rig Deployment Plan: United Dogecoin plans to deploy up to 3,000 next-generation ElphaPex mining rigs within 60 days post-closing, projected to contribute about 1.5% of the global Dogecoin network capacity, thereby increasing the merged company's market competitiveness.
Retail Investor Sentiment Shift: Retail sentiment for SHPH on Stocktwits shifted from 'bullish' to 'extremely bullish', with message volumes surging 7,000% in 24 hours, reflecting strong investor confidence in the merger's prospects, despite the stock's nearly 45% decline this year.

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About SHPH

Shuttle Pharmaceuticals Holdings, Inc. is a discovery and development stage specialty pharmaceutical company focused on improving the outcomes for cancer patients treated with radiation therapy (RT). Its product candidates include Ropidoxuridine, a Phase II, clinical-stage radiation sensitizer, a platform of HDAC inhibitors (SP-1-161, SP-2-225 and SP-1-303), and two preclinical, prostate cancer-oriented diagnostics assets: PC-RAD Test, a blood test to predict clinical response to radiation therapy and PSMA-B ligand for potential use as a theranostic agent. Ropidoxuridine (IPdR) is for use in combination with RT to treat brain tumors (glioblastoma) and sarcomas. SP-1-161 is a candidate lead of compounds demonstrating activation of the ATM gene product (mutated in Ataxia-Telangiectasia). SP-2-225 is a candidate lead of compounds demonstrating Class II (HDAC6) selective inhibition. SP-1-303 is a candidate Class I HDAC inhibitor with preferential efficacy against ER positive cancers.

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.

E.F. Hutton Advises Shuttle Pharmaceuticals on Acquisition of United Dogecoin

3 days agoGlobenewswire

Successful Merger: E.F. Hutton served as the exclusive advisor for Shuttle Pharmaceuticals' acquisition of United Dogecoin, creating one of the largest publicly traded Dogecoin mining platforms, thereby enhancing market competitiveness.
Financing Support: In this transaction, E.F. Hutton also acted as the placement agent for a $9.6 million PIPE financing, providing critical growth capital to support the acquisition of mining equipment and the expansion of energy-efficient infrastructure.
Technological Upgrade: The newly deployed ElphaPex mining rigs are expected to be fully operational within 60 days, delivering up to 43,200 GH/s of hash rate, significantly enhancing the company's mining capabilities and market position.
Strategic Integration: E.F. Hutton provided comprehensive advisory services on transaction structure, terms, and capital raising, ensuring strategic alignment between both management teams and delivering integrated solutions for complex cross-sector transactions.

E.F. Hutton Advises Shuttle on Acquisition of United Dogecoin

3 days agoNewsfilter

Successful Merger: E.F. Hutton served as the exclusive advisor for Shuttle Pharmaceuticals' acquisition of United Dogecoin, creating one of the largest publicly traded Dogecoin mining platforms, marking a strategic expansion in the digital asset sector.
Financing Support: The transaction included a $9.6 million PIPE financing, providing essential growth capital to support the acquisition of next-generation mining equipment and the expansion of energy-efficient infrastructure, thereby enhancing mining operations.
Technological Edge: Newly deployed ElphaPex mining rigs are expected to be operational within 60 days, delivering up to 43,200 GH/s of hash rate, further solidifying United Dogecoin's position in a competitive market.
Strategic Integration: E.F. Hutton played a crucial role in transaction structuring, stakeholder alignment, and capital raising, ensuring the smooth execution of the deal and laying the groundwork for future growth strategies.

E.F. HUTTON & CO. ACTS AS SOLE M&A ADVISOR AND PLACEMENT AGENT FOR SUCCESSFUL MERGER BETWEEN SHUTTLE PHARMACEUTICALS AND UNITED DOGECOIN, FORMING THE LARGEST PUBLIC DOGECOIN MINER.

3 days agomoomoo

Exclusive M&A Advisory: Hutton & Co. has completed a merger involving a pharmaceutical company, focusing on the creation of a significant public entity in the cryptocurrency sector.
Largest Dogecoin Miner: The merger aims to establish the largest public Dogecoin mining operation, enhancing the company's position in the cryptocurrency market.