Aether announces proposed $40M public offering to acquire bitcoin

Aether (ATHR) Holdings has commenced an underwritten public offering of units, with expected gross proceeds of approximately $40M, before deducting underwriting discounts, commissions, and offering expenses. Aether expects to use approximately 85% of the net proceeds from the offering to acquire bitcoin as part of a bitcoin treasury strategy recently adopted by Aether’s board of directors, and approximately 15% for working capital. Each Unit will consist of one share of common stock and one publicly traded warrant to purchase one share of common stock. Aether will also offer Pre-Funded Units consisting of one pre-funded warrant to purchase one share of common stock, and one Common Warrant. The offering is expected to price post-market close on July 22, 2025, with the offering anticipated to close on or about July 24, 2025, subject to customary closing conditions. Aether’s common stock is listed on the Nasdaq Capital Market under the symbol “ATHR.” Aether has applied to list the Common Warrants on the Nasdaq Capital Market under the symbol “ATHRW”. The Benchmark Company and Axiom Capital Management are acting representatives to the underwriters for the offering.