Zeta Network Group Raises $231 Million in Bitcoin-Backed Private Placement

Reuters

Oct 20

<a href="https://laohu8.com/S/ZNB">Zeta Network Group</a> Raises $231 Million in Bitcoin-Backed Private Placement

Zeta Network Group (Nasdaq: ZNB) has announced a private placement, raising approximately $231 million through the sale of its Class A ordinary shares and accompanying warrants. Each warrant entitles the holder to purchase one additional Class A ordinary share at an exercise price of $2.55, with the combined offering price set at $1.70 per share and warrant. The proceeds are payable in Bitcoin or SolvBTC, a 1:1 wrapped Bitcoin-backed token issued by Solv Protocol. This transaction is designed to strengthen Zeta Network Group's balance sheet by incorporating a Bitcoin-backed, yield-generating instrument into its treasury, reflecting a strategic approach to digital asset management amid market volatility.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zeta Network Group published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-100109), on October 20, 2025, and is solely responsible for the information contained therein.

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ID: 0001213900-25-100109), on October 20, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ZNB","symbol_name":"Zeta Network Group","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251020:nNDL8D3XwS:1","article_id":"2576830958","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2576830958","pubTimestamp":1760955090,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Zeta Network Group  has announced a private placement, raising approximately $231 million through the sale of its Class A ordinary shares and accompanying warrants. 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