Antalpha Announces Pricing of Initial Public Offering

Core Viewpoint - Antalpha Platform Holding Company has announced the pricing of its initial public offering (IPO) of 3,850,000 ordinary shares at $12.80 per share, with trading expected to begin on Nasdaq under the ticker symbol "ANTA" on May 14, 2025 [1] Group 1: IPO Details - The offering includes a 30-day option for underwriters to purchase an additional 577,500 ordinary shares to cover over-allotments [2] - Antalpha expects to receive gross proceeds of approximately $49.3 million from the offering, which could increase to approximately $56.7 million if the over-allotment option is fully exercised [3] - The offering is set to close on May 15, 2025, subject to customary closing conditions [1] Group 2: Use of Proceeds - The net proceeds from the offering will be used for general corporate purposes, including investment in product development, sales and marketing, technology infrastructure, capital expenditure, global expansion, and other administrative matters [3] - The company plans to allocate funds for loan operations and customer funding advances to enhance fund flow and customer experience [3] - Antalpha also intends to invest in technologies, solutions, or businesses that complement its operations, as well as in Bitcoin and gold in digital form as part of its treasury management [3] Group 3: Company Background - Antalpha is a leading crypto fintech company focused on providing liquidity and risk management solutions to institutional Bitcoin miners [7] - The company serves as the primary lending partner of Bitmain, offering supply chain and margin loans through its Antalpha Prime technology platform [7]