Zeta Network Group (ZNB) Form 6-K — Aug 19, 2026
Zeta Network Group closed its US$10.0 million private placement on August 17, 2026, receiving aggregate gross proceeds of US$10,000,002.10 in consideration for the issuance of 3,412,970 units priced at US$2.93 per unit. Each unit consisted of one Class A ordinary share and one warrant exercisable at US$4.40 per share, and the gross proceeds were paid in approximately 156.6533 Solv-BTC at an implied rate of US$63,835.08 per token, underscoring the company's bitcoin-denominated treasury approach.
Key figures
- Gross Proceeds
- US$10,000,002.10
- Offering Price
- US$2.93 per Unit
- Shares Offered
- 3412970
- Closing Date
- 2026-08-17
- Proceeds Form
- approximately 156.6533 Solv-BTC
- Warrants Issued
- 3412970
- Unit Composition
- 1 Class A ordinary share (par US$0.02) + 1 warrant
- Warrant Exercise Price
- US$4.40
- Registration Exemption
- Section 4(a)(2) and/or Regulation S
AI analysis
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