ATNF News & Events

ETHZilla, formerly 180 Life Sciences, announced the official launch of its new brand as part of the company's transition to focus on its recently announced ethereum treasury strategy. The company's common stock and public warrants will begin trading on Nasdaq under the new ticker symbols "ETHZ" and "ETHZW" as of "market open on August 18, replacing "ATNF" and "ANTFW." Since closing its recent private placement and convertible note offering, the company has accumulated 94,675 ETH at an average acquisition price of $3,902.20, currently valued at approximately $419M. The company also holds $187M in cash equivalents.

Before the market opened, the company disclosed in a regulatory filing that it entered into a sales agreement, dated August 13, with Clear Street relating to shares of its common stock. In accordance with the terms of the sales agreement, the company may offer and sell shares of its common stock having a maximum aggregate offering price of up to $500M from time to time through Clear Street, acting as its sales agent, or the ATM offering.

180 Life Sciences, doing business as ETHZilla, announced that is has total holdings of 82,186 Ether at an average acquisition price of $3,806.71, which is now valued at approximately $349M. In addition to the ETH, ETHZilla holds approximately $238M in USD cash equivalents. Below is a summary of ETHZilla's current ETH position and key metrics as of August, 11, 2025, except for shares outstanding which is as of August 5, 2025: Total ETH & ETH Equivalents Held: 82,186; Total ETH & ETH Equivalents Held: approximately $349 million; Total USD Cash Equivalents: approximately $238 million; Total Shares Outstanding: 154.032 million. Shares of 180 Life Sciences are up 90.42% to $6.36.

180 Life Sciences announced that it plans to adopt a treasury policy under which the principal holding in its treasury reserve will be Ether, the native digital asset of Ethereum. Following the closing of the transaction, the company intends to rebrand to ETHZilla Corporation. The offering consists of an approximately $425M private investment in public equity transaction for the purchase and sale of common stock. The investors will be granted registration rights as part of the transaction. The PIPE transaction is expected to close on or around August 1, 2025, subject to the satisfaction of customary closing conditions. In addition, the company has approval to sell an aggregate amount of up to $150M in debt securities and expects to announce an offering following the closing of the PIPE. The consummation of any subsequent offering is subject to the satisfaction and completion of definitive documentation. Upon closing, the company intends to use the net proceeds from the offering primarily for the purchase of ETH, as well as general corporate purposes and transaction expenses. The company's current management team and a majority of the company's directors will remain in place. Clear Street acted as financial advisor and exclusive placement agent for the PIPE offering.