AirNet Technology Divests Subsidiaries in $1 Transaction

An announcement from AirNet Technology ( (ANTE) ) is now available.

AirNet Technology Inc., a company based in Beijing, China, has entered into a share purchase agreement on June 11, 2025, with AR iCapital LLP, a Singaporean company. The agreement involves the sale of several subsidiaries and associated companies, collectively referred to as the ‘Targets’, for a nominal cash consideration of US$1. This transaction will result in AR iCapital LLP becoming the sole shareholder of these entities, assuming all their assets and liabilities. The completion of this transaction is contingent upon certain conditions, including shareholder approval and a fairness opinion from an independent firm.

Spark’s Take on ANTE Stock

According to Spark, TipRanks’ AI Analyst, ANTE is a Underperform.

AirNet Technology is currently in a precarious financial position, with substantial declines in revenue, negative profitability, and a troubling balance sheet. Technical indicators and valuation metrics reflect a lack of investor confidence, while the significant drop in stock price post-earnings call underscores market concerns. Immediate strategic actions are required to stabilize and improve the company’s financial standing.

To see Spark’s full report on ANTE stock, click here.

More about AirNet Technology

Average Trading Volume: 484,409

Technical Sentiment Signal: Sell

Current Market Cap: $21.05M

For an in-depth examination of ANTE stock, go to TipRanks’ Overview page.