AlphaTON Capital Unwinds TON Treasury Deal With DWF in $15 Million Settlement

AlphaTON Capital ( (ATON) ) has provided an update.

On December 30, 2025, AlphaTON Capital Corp entered into a Settlement Agreement and Release with DWF MaaS Limited to resolve disputes over rights and obligations arising from an August 25, 2025 Treasury Management Agreement under which DWF had been appointed to manage a portion of AlphaTON’s TON treasury strategy. The settlement follows DWF’s September 25, 2025 subscription for 105,000 ordinary shares and pre-funded warrants to purchase up to 2,513,240 additional shares for $15 million, as well as a separate issuance of 160,000 restricted shares that were to vest over three years. Under the terms of the Settlement Agreement, AlphaTON will repurchase the previously issued shares and pre-funded warrants from DWF for $15 million (or the remaining amount in the original funding wallet), remove vesting restrictions on the 160,000 restricted shares, pay DWF $35,000, and mutually release all claims, while terminating both the Treasury Management Agreement and the Restricted Share Agreement, effectively unwinding the earlier financing and management arrangements with DWF.

The most recent analyst rating on (ATON) stock is a Sell with a $0.58 price target. To see the full list of analyst forecasts on AlphaTON Capital stock, see the ATON Stock Forecast page.

Spark’s Take on ATON Stock

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

The score is driven primarily by very weak financial performance (no revenue base, continued losses, negative operating/free cash flow, and equity turning negative). Technical indicators also weigh heavily, showing a strong downtrend and negative momentum despite oversold readings. Valuation provides limited offset because the negative P/E is not informative and no dividend yield is available.

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

More about AlphaTON Capital

AlphaTON Capital Corp is a foreign private issuer incorporated in the British Virgin Islands and listed in the United States, where it files reports under Form 20-F. The company manages a TON (The Open Network) digital asset treasury strategy and has engaged third-party firms to implement and manage portions of this blockchain-focused treasury program.

Average Trading Volume: 1,742,284

Technical Sentiment Signal: Sell

Current Market Cap: $4.63M

See more data about ATON stock on TipRanks’ Stock Analysis page.