Core Insights - AirNet Technology, now rebranded as Yueda Digital Holding, presents an intriguing investment opportunity for those interested in the cryptocurrency market [1] Company Overview - The company is based in Beijing and initially started in the entertainment sector [1] Investment Potential - Yueda Digital Holding is positioned to provide exposure to the growing cryptocurrency market, appealing to investors looking for opportunities in this space [1]

Company Name Change - AirNet Technology Inc. will change its name to "Yueda Digital Holding" effective September 19, 2025, and its ticker symbol will change from "ANTE" to "YDKG" [1] Shareholder Approval - The shareholders approved the re-designation of shares, converting each ordinary share to one Class A ordinary share and each preferred share to one Class B ordinary share [2] Business Focus - Yueda Digital Holding is a Web3 and digital-economy company focused on the long-term accumulation of mainstream cryptocurrencies through treasury allocations, strategic investments, and capital transactions [3] - The company's principal business activities include active treasury management of digital assets, exploring compliant yield opportunities, selective investments in Web3 infrastructure, and providing advisory services for enterprises entering the digital-asset economy [3]

Financial Performance - Total revenues for the six months ended June 30, 2025, were $12,764,000, compared to $0 for the same period in 2024[4]. - Gross profit for the six months ended June 30, 2025, was $61,000, with total operating expenses of $2,016,000, resulting in a loss from continuing operations of $1,955,000[4]. - Net income attributable to AirNet Technology Inc. for the six months ended June 30, 2024, was $19,895,000, while for the same period in 2025, the company reported a net loss of $1,998,000[4]. - For the six months ended June 30, 2024, the net loss from continuing operations was $338,000, compared to a net loss of $1,956,000 for the same period in 2025, indicating a significant improvement[8]. - Cash flows from operating activities showed a net cash used in continuing operating activities of $4,266,000 for 2024, which increased to $7,068,000 in 2025[8]. - The Group experienced an operating loss of $1,995 thousand for the six months ended June 30, 2025[34]. Assets and Liabilities - Total assets decreased from $66,341,000 as of June 30, 2025, to $60,220,000 as of December 31, 2024[2]. - Current liabilities for the six months ended June 30, 2025, were $80,199,000, compared to $78,595,000 as of December 31, 2024[2]. - Shareholders' equity increased from $10,927,000 as of December 31, 2024, to $15,343,000 as of June 30, 2025[2]. - Total liabilities decreased from $83,928,000 as of June 30, 2025, to $82,226,000 as of December 31, 2024[2]. - The Group reported a negative working capital of $56,066 thousand as of June 30, 2025, raising substantial doubt about its ability to continue as a going concern[34]. - Total liabilities increased from $81,876 thousand as of December 31, 2024, to $82,830 thousand as of June 30, 2025[32]. Discontinued Operations - For the six months ended June 30, 2025, the net income (loss) from discontinued operations was $(39) thousand, compared to a net income of $21,683 thousand for the same period in 2024[32]. - The Group reported net cash provided by discontinued operating activities decreased significantly from $6,575 thousand in 2024 to $622 thousand in 2025[32]. - Total operating expenses for discontinued operations were $2,012,000 for the six months ended June 30, 2024, compared to $1,269,000 for the same period in 2025[99]. - As of June 30, 2025, total assets of discontinued operations were $31,826,000, with total liabilities of $82,830,000, resulting in net assets of $(51,004,000)[99]. Cryptocurrency Mining Operations - The company resumed its cryptocurrency mining business on January 1, 2025, through a newly established subsidiary, Robust Achievement Limited[12]. - The Group's mining revenue is calculated based on the amount of bitcoin mined multiplied by the market closing price, with hosting and maintenance fees deducted from total monthly revenue[65]. - The Group's contracts with mining pool operators involve providing computing power as the sole performance obligation, with revenue recognized upon successful block placement by the operator[66]. - For the six months ended June 30, 2025, the cryptocurrency mining segment generated revenues of $12,764, while the air travel media network segment reported revenues of $104[131]. - The segment net loss for the cryptocurrency mining segment was $1,956, while the air travel media network segment incurred a net loss of $39 for the same period[131]. Shareholder Agreements and Equity - The total amount of loans permitted under agreements with shareholders of AirNet Online is RMB 50,000, interest-free, with a term of ten years[26]. - The call option agreements allow Chuangyi Technology to purchase equity interests in VIEs for the minimum amount permitted by PRC law, with a term of ten years[23]. - The Group consolidates the VIEs as it believes it can direct their activities and receive substantial economic benefits through contractual arrangements[25]. - The technology development agreements are effective for ten years and automatically renew unless either party notifies the other of non-extension at least twenty days prior to expiration[21]. - The Company entered into a share purchase agreement on August 22, 2025, to issue 80,826,225 ordinary shares at a combined purchase price of $2.227 per share, with gross proceeds of approximately $180 million[138]. Regulatory and Compliance - The Group's financial statements are prepared in accordance with U.S. GAAP and include all normal and recurring adjustments necessary for fair presentation[33]. - The Group's ability to continue as a going concern depends on management's successful execution of its business plan and potential financing support from shareholders[35]. - The Group's cryptocurrencies are accounted for as intangible assets with indefinite useful lives and are assessed for impairment annually[54]. - The Group's financial instruments expose it to concentrations of credit risk primarily through cash and cash equivalents and USDT, with measures in place to minimize theft or loss[82]. Corporate Changes - The Company changed its name from "AirNet Technology Inc." to "Yueda Digital Holding" on September 3, 2025[140]. - The Company has no plans to pay dividends in the foreseeable future, considering the dividend yield to be zero[122]. - The Company approved a new 2025 Equity Incentive Plan, authorizing the delivery of 4,679,322 restricted shares to eligible individuals[141].

BEIJING, Sept. 4, 2025 /PRNewswire/ -- AirNet Technology Inc. (Nasdaq: ANTE) ("AirNet" or the "Company") today announced that it has received approximately 296,367 Solana (SOL) as a result of a recent warrant exercise.The exercised warrants originate from a previous financing round. This influx of digital assets aligns with AirNet's recent strategic pivot."This warrant exercise, paid in a prominent digital asset like Solana, is a testament to the confidence our investors have in our new direction," said the ...

Group 1 - The top five gainers among Chinese concept stocks include Luda Technology with a rise of 62.6%, Zhengye Biology with 35.31%, Xiangsong International with 31.87%, AirNet Technology with 28.77%, and Cheche Technology with 24.68% [1] - Luda Technology's latest price is 9.870, with a gain of 3.800 and a trading volume of 9.4865 million [1] - Zhengye Biology's latest price is 12.665, with a gain of 3.305 and a trading volume of 2.9232 million [1] Group 2 - Xiangsong International's latest price is 2.255, with a gain of 0.545 and a trading volume of 4.2776 million [1] - AirNet Technology's latest price is 5.550, with a gain of 1.240 and a trading volume of 2.31 million [1] - Cheche Technology's latest price is 1.1100, with a gain of 0.2197 and a trading volume of 2.9753 million [1]

Group 1 - The top five gaining Chinese concept stocks at closing were: Niudaren up 46.37%, Pitanium up 32.3%, AirNet Technology up 25.3%, Mingzhu Freight up 21.76%, and Sentage up 20.97% [1] - Niudaren's latest price is 12.690 with a gain of 4.020 and a trading volume of 2.7847 million [1] - Pitanium's latest price is 2.130 with a gain of 0.520 and a trading volume of 22.0645 million [1] - AirNet Technology's latest price is 4.210 with a gain of 0.850 and a trading volume of 0.29869 million [1] - Mingzhu Freight's latest price is 0.9009 with a gain of 0.1610 and a trading volume of 0.0762 million [1] - Sentage's latest price is 1.996 with a gain of 0.346 and a trading volume of 0.11865 million [1]

Core Insights - AirNet Technology Inc. has completed a registered direct offering, raising approximately US$180.0 million through the sale of 80,826,225 ordinary shares and accompanying warrants [1] - The proceeds from this offering were paid entirely in digital assets, specifically around 819.07 Bitcoin and 19,928.91 Ethereum [2] - This financing marks a strategic transformation for AirNet, positioning the company as a dedicated participant in the digital asset ecosystem, supported by a team of cryptocurrency professionals [3] Financial Details - The gross proceeds from the offering amounted to approximately US$180.0 million [1] - The digital assets received include approximately 819.07 Bitcoin and 19,928.91 Ethereum, which were received before the deduction of offering expenses [2] Strategic Direction - The completion of this financing is seen as a pivotal new beginning for AirNet, aligning its treasury with future digital asset initiatives [4] - The company aims to maximize shareholder value through a sophisticated, multi-faceted strategy guided by its new team of experts in the cryptocurrency field [3][4]

Core Points - AirNet Technology Inc. has entered into a definitive agreement for the purchase and sale of 80,826,225 ordinary shares and accompanying warrants at a combined purchase price of $2.227 per share and warrant [1] - The gross proceeds from the offering are expected to be approximately $180.0 million before deducting offering expenses [1] - The offering is expected to close on or about August 27, 2025, subject to customary closing conditions [1] Financial Details - The warrants are immediately exercisable at an exercise price of $3.3405 per ordinary share and will expire five years from the date of issuance [1] - The net proceeds from the offering will be used for general corporate and working capital purposes [2] Regulatory Information - The securities will be offered pursuant to an effective "shelf" registration statement on Form F-3 previously filed with the SEC [3] - Additional information regarding the offering will be included in a current report on Form 6-K to be furnished by the Company to the SEC [2][3]

Group 1 - The article highlights the significant decline in the stock prices of several Chinese concept stocks, with the largest drop being 54.05% for Star Fashion [1] - Other notable declines include FunPlus at 40.21%, Rongzhi Group at 30.34%, Zhengye Bio at 29.4%, and AirNet Technology at 26.91% [1] - The trading volumes for these stocks varied, with Star Fashion having a trading volume of 4.2523 million, while FunPlus had 1.5189 million [1]

Core Insights - AirNet Technology Inc. has appointed Raeez Lorgat as Strategic Advisor to enhance its digital-asset strategy, leveraging his expertise in fintech and blockchain [1][2] - Lorgat's role will focus on protocol collaboration strategy, partnership evaluation, and supporting AirNet's Bitcoin and Ether treasury framework [1][2] - The engagement is seen as pivotal for AirNet's growth in digital assets, aligning with the next wave of financial technology [2][3] Company Strategy - The company aims to establish disciplined objectives and risk-managed frameworks for its digital-asset activities under Lorgat's guidance [2] - Lorgat will lead a strategic advisory team that includes academic leadership, optimizing AirNet's positioning in digital-asset ecosystems [3] Leadership Perspective - AirNet's CEO, Dan Shao, emphasized the value of Lorgat's unique combination of fintech innovation and blockchain insight for long-term growth [3]