CleanCore Solutions announces $175M private placement for dogecoin treasury

CleanCore Solutions (ZONE) entered into securities purchase agreements for a private investment in public equity for the offer and sale of 175,000,420 Pre-Funded Warrants at a price of $1.00 per Pre-Funded Warrant for expected aggregate gross proceeds of approximately $175,000,420 before deducting placement agent fees and other offering expenses to implement a Dogecoin treasury strategy. The transaction creates the only official Dogecoin treasury sponsored by the Dogecoin Foundation and the House of Doge, the authorized Commercial Arm of the Dogecoin Foundation. Timothy Stebbing, Director at the Dogecoin Foundation and CTO of House of Doge, will join the board alongside Chairman Alex Spiro. Marco Margiotta, Chief Executive Officer of the House of Doge will also be joining the Company as Chief Investment Officer. House of Doge and 21Shares will serve to support and advise the treasury. The transaction consisted of a group of over 80 marquee institutional and crypto native investors including, but not limited to, MOZAYYX, Pantera, GSR, FalconX, Borderless, Mythos and Serrur & Co. The closing of the offering is expected to occur on or about September 4, 2025, subject to the satisfaction of customary closing conditions, including without limitation, the authorization of the Supplemental Listing Application by the NYSE American. The Company intends to use the net proceeds of the offering to acquire Dogecoin commonly referred to as “DOGE” and contribute the DOGE to the Company’s treasury operations. DOGE will serve as the Company’s primary treasury reserve asset. Proceeds from the private placement will enable the Company to adopt Dogecoin as its primary treasury reserve asset and provide funding for general working capital and corporate purposes. Dogecoin is uniquely designed for utility, with a value proposition positioned for meaningful growth. Expanding commercialization, new integrations, and increasing retail acceptance are expected to accelerate institutional participation and drive stronger demand. At the same time, a utility-led strategy is underway to establish Dogecoin as a leading cryptocurrency optimized for payments, tokenization, and everyday use. In parallel, discussions with major crypto exchanges are focused on introducing staking-like rewards and yield opportunities for treasury holdings, creating additional value for holders.