Aether Holdings Launches $40M Public Offering, Co Expects To Use ~85% Of The Net Proceeds From The Offering To Acquire Bitcoin As Part Of A Bitcoin Treasury Strategy, And ~15% For Working Capital

Aether Holdings, Inc. (NASDAQ:ATHR) ("we," "us," "our," "Aether," or the "Company"), an emerging financial technology holding company offering software, data, and artificial intelligence technology to institutional and self-directed investors, today announced that it has commenced an underwritten public offering of units, with expected gross proceeds of approximately $40 million, 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 (a "Common Warrant"). 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.